1.3 lakh sq ft office space acquired by ICICI Bank in Navi Mumbai
Private sector banking major ICICI Bank has acquired 1.3 lakh sq ft in a commercial tower in Navi Mumbai’s Turbhe locality spread over 4 floors. The space is leased for 9 years through a long-term lease. The agreement includes a 4% rental rate escalation every three years and an 18-month lock-in period.
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