Labdhi Lifestyle Launches ₹1,000 Cr Project In BKC As Grade-A Office Supply Tightens

Labdhi Lifestyle Limited CEO Vikas Jain (left) and architect Sanjay Puri

Mumbai, January 22, 2026: Labdhi Lifestyle Limited has announced the launch of BKC Edge, a premium commercial development at H-Block, Bandra Kurla Complex (BKC), with a gross development value (GDV) of over INR 1,000 crore, amid sustained demand and acute supply constraints for Grade-A office spaces in India’s most sought-after business district.

The project will offer ~2.25 lakh sq. ft. of carpet area and is being launched at a time when BKC continues to operate at near-full occupancy. Industry data indicates that vacancy levels in BKC remain at around 2–3 per cent, among the lowest across Indian commercial micro-markets, while annual leasing absorption has remained consistently strong. Rentals in core BKC have continued to trend upward due to the lack of new supply.

Commenting on the launch, Vikas Jain, CEO, Labdhi Lifestyle Limited, said, “BKC continues to be one of the most resilient and institutionally strong commercial districts in the country. With BKC Edge, our focus has been on developing a Grade-A commercial asset that aligns with evolving business needs, efficient, well-connected and future-ready. We see this as a long-term commitment to India’s commercial real estate ecosystem.”

H-Block Emerges

Located immediately south of core BKC, H-Block forms part of the original BKC planning framework and represents the district’s natural southward expansion as G-Block reaches saturation. The location is supported by strong existing and upcoming infrastructure, including proximity to the Eastern Express Highway (EEH), Western Express Highway (WEH), the Aqua Line Metro, and suburban rail connectivity via Sion station. H-Block will also benefit from improved north–south connectivity through the Mumbai Coastal Road network, enabling faster access from South Mumbai and western suburbs. In addition, the precinct is located close to the upcoming Mumbai–Ahmedabad high-speed rail (bullet train) terminal at BKC.

Planned infrastructure upgrades such as the proposed G–H Block pedestrian pathway, G–H Block flyover, and an upcoming metro corridor are expected to further strengthen east–west connectivity. The precinct also benefits from city-level upgrades including the Mithi River rejuvenation and riverfront development, a large-scale public investment aimed at environmental restoration and flood mitigation, as well as the proposed extension and enhancement of Maharashtra Nature’s Park, adding a significant green and public realm advantage to the location.

Project Overview

Spread across ~1.25 acres, BKC Edge is designed for large corporates and SME owners, professionals such as chartered accountants, lawyers, architects and designers, as well as HNIs, NRIs and mid-sized enterprises seeking ownership-led commercial spaces in BKC. The project will comprise 300+ business suites, aligned with contemporary workspace requirements.

With MMRDA having indicated that core BKC is largely sold out with no new land parcels available, demand for quality commercial spaces continues to outstrip supply. Recent large-format transactions including JP Morgan’s long-term pre-leasing of over 1.16 lakh sq. ft. for its India headquarters, with commitments extending up to 25 years reinforce BKC’s position as the preferred headquarters destination for global institutions and underline the district’s long-term demand visibility.

Commercial assets in BKC have historically delivered rental yields in the range of 7–8 per cent, along with capital value appreciation of ~15 per cent per annum over the past 15 years, positioning developments in and around the district as both operational hubs and long-term capital preservation opportunities.