India, Jan. 12 -- JP Morgan Services India Private Limited has leased more than 2.71 lakh sq ft of commercial office space in Mumbai's Powai for a five-year term at a total rental value of Rs.612 crore, according to property registration documents accessed by CRE Matrix.

The office space, located in One Downtown Central (formerly known as CRISIL House), spans the 3rd to the 9th floors of the building.

The lease agreement involves Cowrks Pvt Ltd, which manages the space, JP Morgan as the tenant, and the property landlord, Kairos Property Pvt Ltd, also known as Brookfield Properties, as per the documents.

The office space was leased for a period of 60 months, with a lock-in period of 30 months, at a starting monthly rent of over Rs.9.23 ...