Qatar National Bank Renews Lease for 8,079 Sq Ft Office in Mumbai’s BKC

Introduction: A Vote of Confidence in Mumbai’s Booming Commercial Scene

In a significant move reflecting Mumbai's status as India's financial capital, Qatar National Bank (QNB) has renewed its lease for an office space in the prestigious Bandra Kurla Complex (BKC). This renewal encompasses a total area of 8,079 square feet at a premium monthly rent of ₹63 lakh, commencing in October 2026. This decision underscores the bank's confidence in the Indian market and the ongoing resurgence of office rentals across the country.

Key Details of the Lease Renewal

The lease renewal agreement highlights several key aspects that are making waves in the property sector. QNB will maintain its presence at 4 North Avenue, Maker Maxity in BKC, a prime location that offers ample space for banking operations along with 10 dedicated car parking spaces. The five-year lease term, which includes a full lock-in period, indicates QNB's long-term commitment to its operations in India.

Market Trends and Implications

This lease renewal is not just a routine agreement; it reflects a broader trend in the commercial real estate market where multinational corporations are increasingly seeking premium office spaces. With limited new office supply available, the demand for high-quality spaces in top-tier locations like BKC continues to rise, reinforcing its position as the highest-priced commercial district in India.