Moving into Mumbai from another Tier 1 market means re-baselining occupancy economics in INR, re-running headcount density against local norms, and translating lease terminology to local conventions.
Moving into Mumbai from another Tier 1 market means re-baselining occupancy economics in INR, re-running headcount density against local norms, and translating lease terminology to local conventions.
Headline Mumbai rent is 320 INR/sqft/yr ($46 USD). Translate your incumbent occupancy cost-per-seat to the same basis using the Occupancy Cost tool. Most cross-border moves underestimate fit-out">fit-out timeline and overestimate density transferability.
Standard 5-year lease (often 3+2 or 5+5). Rent quoted as INR per square foot per month. Maintenance billed separately. Security deposit of 6-12 months standard. Stamp duty payable on lease execution. Use the Lease Term Translator to map terminology before reading the LOI.
Engage a tenant-rep broker, local counsel, an MEP/AV designer with Mumbai project history, and a project manager who has run a Class A fit-out in this market in the last 24 months.
| city | Mumbai |
|---|---|
| country | India |
| region | APAC |
| classARentLocal | 320 INR/sqft/yr |
| classARentUsd | $46/sqft/yr |
| vacancy | 12.6% |
| typicalLeaseYears | 5 |
| typicalRentFreeMonths | 4 |
| submarkets | 4 |
| primeYieldPct | 7.5% |
Reviewed by Kenji Watanabe — APAC contributing editor. Last updated 2026-04-15. See our methodology and editorial standards.