Leela secures prime BKC land on 80-year lease for ₹1,302 crore

The hospitality company has secured an 80-year lease for the BKC property through a registered lease deed, according to transaction documents. The premium amount of ₹1,302 crore reflects the substantial valuation of the prime commercial land in one of India's most sought-after business addresses.

The Bandra-Kurla Complex, located in Mumbai's south-central region, continues to command premium valuations as a hub for financial institutions, multinational corporations, and luxury hospitality businesses. The deal underscores sustained investor confidence in the micromarket despite broader economic headwinds.

The 90,537 square foot plot represents a strategic addition to Leela's portfolio in the western metropolis. Long-term lease agreements for commercial properties in BKC typically span several decades, with 80-year terms being standard for premium parcels in the complex.

This transaction adds to the substantial real estate activity in BKC, where major infrastructure developments and business expansion continue to shape the district's evolution as a global financial centre. The lease agreement signals Leela's commitment to expanding its presence in Mumbai's high-value commercial segment.