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The month-to-month lease stands at Rs 6.45 crore, with a yearly lease surpassing Rs 77 crore, consisting of a stipulation for a 15% acceleration at the end of 36 months
HDFC Bank
The business area has actually been rented with 3 different arrangements, with picked devices leased on the ground, initially, 2nd, 3rd, 4th, 5th, and 6th floorings, based on records examined by the Hindustan Times.
The month-to-month lease stands at Rs 6.45 crore, with a yearly lease surpassing Rs 77 crore, consisting of a stipulation for a 15% acceleration at the end of 36 months, according to the records.
The contract was signed up on January 27, 2025, and the licensee beginning day is provided as January 21, 2025, according to the records.
“Andheri is an expanding workplace market in Mumbai, noted by solid yearly leasing task, brand-new real estate growths, city, flight terminal and freeway connection, friendliness, and whatever in between,” said Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix and IndexTap.com told HT.
The documents also reveal that the commercial space includes 207 parking spaces, with a security deposit of Rs 116 crore paid for the transaction.
Bank Leases in Mumbai’s Commercial Real Estate Market
In November 2024, HDFC Bank leased an 8-storey building covering 4.16 lakh sq ft from Mindspace Business Parks in Navi Mumbai. The lease, registered for 10 years, had a contractual value of Rs 320 crore.
Earlier this month, ICICI Bank made headlines for leasing 1.29 lakh sq ft of commercial space in Turbhe, near Mumbai, for an annual rent of almost Rs 9 crore.
According to property documents, four separate lease agreements were signed for commercial space spread across four floors between levels 13 and 16 in a building named Arihant Aura in Turbhe, near Mumbai.
