Deloitte India Leases 81000 Sq Ft in Oberoi Commerz 3 at Goregaon East at INR 2 Crore Monthly Lease

In a major real estate move, Deloitte India has leased nearly 81,000 sq ft of premium office space across two floors of the Oberoi Commerz III tower, located in Mumbai’s bustling western suburb of Goregaon. This strategic move is part of the company’s long-term growth plan, with a five-year lease commitment starting from November 1. The office spans the 30th and 31st floors, offering a prime location in a thriving business district.

Rental Terms and Strategic Commitments

Deloitte's office lease comes with an initial rental agreement of ₹258 per sq ft, amounting to a substantial monthly rental of ₹2.09 crore. The lease also includes a rental escalation clause, which will increase the rent by 15% after three years, ensuring Deloitte’s commitment to the space and the area’s growing importance. As part of the agreement, Deloitte has paid a security deposit of ₹18.8 crore, equivalent to nine months' rent.

Deloitte's Expanding Real Estate Footprint

This is Deloitte India’s second significant office lease in just two months, following the acquisition of 175,000 sq ft in Delhi’s Aerocity. Both leases are notable as pre-commitments, signaling the company’s aggressive expansion strategy. The firm operates across 13 key Indian cities and employs approximately 15,000 professionals. With three existing offices in Mumbai, located in Lower Parel, Goregaon, and Thane, the new office will consolidate Deloitte’s presence in the financial capital.

Oberoi Realty and the Relocation Strategy

Deloitte's new office space has been leased from Oberoi Realty, one of India’s premier developers. The firm plans to relocate its existing operations from another office complex in Goregaon to this state-of-the-art commercial tower. Oberoi Commerz III, still under development, promises a modern and innovative workspace, perfect for Deloitte’s vision of growth and operational efficiency.

India’s Growing Role in Deloitte’s Global Plans

India plays a pivotal role in Deloitte’s global strategy, and the firm aims to have around 30% of its workforce based in India over the next four years. With a projected employee count of 150,000 to 160,000 in the country, India is a central focus of Deloitte's future. The country’s talent pool and robust market position make it a key contributor to the firm’s long-term global ambitions.

Smart Expansion Aligned with Growth Plans

Deloitte’s recent leasing activity is a testament to its strong commitment to India’s growing market. With India set to host nearly one-third of Deloitte's global workforce, the expansion into prime commercial real estate reflects the firm’s bullish outlook on its future in the country.