A leading global asset management firm has taken over 1.65 lakh sq ft of office space in Mumbai’s Goregaon through a long-term lease of more than 10 years to set up a Global Capability Centre (GCC) supporting its worldwide operations, according to people familiar with the development.

The company has leased three floors in a prominent commercial complex developed by a listed real estate firm, at a monthly rental exceeding ?2.6 crore, taking the total deal size to nearly ?400 crore including additional charges. The agreement includes a 15% rental escalation every 36 months and a five-year lock-in period. The lease, effective January, was registered last week and includes exclusive access to over 90 parking slots.

The new office marks a significant step in the organisation’s India expansion strategy, signalling its long-term commitment to the market.

Earlier, in August, the firm leased 42,700 sq ft of premium office space in central Mumbai’s Worli business district for five years.

The company already maintains a strong presence in the Indian financial ecosystem, offering a wide range of investment products and services catering to both institutional and retail clients, with offices across major metros.

The Union Budget 2025–26, announced recently, introduced measures expected to benefit global capability centres. These include streamlined international taxation norms and an expanded safe harbour framework. The proposal to shift transfer pricing assessments to a three-year block period is intended to improve regulatory clarity and reduce litigation for multinational companies operating in India.

https://www.livehomes.in/news_letter