HDFC leases tower in Navi Mumbai
Private sector bank HDFC has leased an entire 8-storey building with office space spread over 4 lakh sq ft in a commercial complex Mindspace Airoli West in Navi Mumbai. The space is leased for 10 years through a long-term lease. As per the update, the bank would pay a rent of Rs 320 crore including a 15% escalation every 3 years as per two separate agreements inked with the listed landlord Mindspace Business Parks REIT.
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