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HDFC Bank plans to acquire office space in Lower Parel for Rs 2.20bn: reports

India Infoline News Service | Mumbai | January 04, 2013 09:29 IST

The bank is paying around Rs 17,000 per sq ft totaling nearly Rs 2.20bn for acquiring the office space in Peninsula Business Park's 20-storey tower-B owned by Alok Realtors, says report.

HDFC Bank is reportedly planning to acquire nearly 1.3 lakh sq ft of commercial space in Peninsula Business Park at Lower Parel in central Mumbai.

The bank is paying around Rs 17,000 per sq ft totaling nearly Rs 2.20bn for acquiring the office space in Peninsula Business Park's 20-storey tower-B owned by Alok Realtors, says report.

There are reports that the bank will use the office space to expand its operations and will also shift some of its current operations from other offices.

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