JP Morgan Leases 2.72 Lakh Sq Ft Office Space In Mumbai's Powai From Cowrks At ₹9.23 Crore Monthly Rent
JP Morgan Services India Pvt Ltd has leased 2,71,955 sq ft of office space at One Downtown Central (Crisil House) in Powai, Mumbai, from Cowrks India Pvt Ltd (a Brookfield company) for 60 months, starting April 2026. The lease, signed in December 2025 with owner Kairos Properties, carries an initial monthly rent of ₹9.23 crore (₹339.4 per sq ft) with 5% annual escalation.
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New Delhi: JP Morgan has taken on lease 2.72 lakh sq ft office spaces in Mumbai from Cowrks for a starting monthly rent of Rs 9.23 crore, according to CRE Matrix. Real estate data analytic firm CRE Matrix has accessed the lease agreement from the Maharashtra government. Global financial services firm JP Morgan Services India Pvt Ltd has taken on lease 2,71,955 sq ft area at One Downtown Central (Crisil House) Building, in Powai, Mumbai.
The lease agreement was signed in December between Cowrks India Pvt Ltd, JP Morgan Services India Pvt Ltd, and Kairos Properties Pvt Ltd, as per the CRE Matrix. Kairos Properties is the owner of the property and it has given on lease to Cowrks, which is owned by Brookfield. The starting monthly rent is Rs 339.4 per sq ft translating into Rs 9.23 crore for a month. JP Morgan has taken on lease for 60 months. The rent will commence from April. There is a clause of rent escalation of 5 per cent every year.
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