Standard Chartered Sells BKC Office in Mumbai for Rs 197 Cr

The commercial property sold by Standard Chartered Bank in the Parinee Crescenzo tower, Bandra Kurla Complex (BKC), one of the other posh areas in Mumbai, cost 197 crore. The office also has a chargeable area of 28,516 sq ft and a carpet area of 27,003 sq ft with 27 car parking slots. The transaction recorded on February 2, 2026, will cost 69,084 per sq ft on the chargeable area, according to records obtained via the real estate data service Propstack.

BKC is still among the most popular commercial areas in Mumbai, with many multinationals, financial banks, and professional services companies located there. This transaction will not make Standard Chartered Bank stop using the other offices, which are situated in the same tower.

Key Highlights

• Standard Chartered sold a BKC office for Rs 197 crore at Rs 69,084 per sq ft.
• BKC remains a prime hub for multinational firms and financial institutions.
• The sale signals a shift to asset-light strategies with a preference for long-term leases.

According to industry experts, such sale is an indication of continuous portfolio rebalancing by corporates and financial institutions. Most of the occupiers are opting to monetise the commercial real estate they own so as to unlock capital or move towards asset-light approaches, favouring long-term leases rather than ownership.

This has been most noticeable within the ranks of large multinationals and in the financial services sector, which have been reviewing their real estate assets on the back of evolving workplace policies and the adoption of hybrid work.

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BKC has been able to retain investors with its ideal location, excellent infrastructure and the concentration of high-value tenants. The micro-market has performed well, and their industries like financial services, legal, consulting, and technology have continued to demand. Although BKC has to put up with the unstable office market dynamics in other Indian cities, it is still a stable and attractive investment destination to corporate occupiers and investors.