Login To Trade  |  About IIFL
  • NIFTY  7948.95  157.1 2.02%
  • SENSEX 26231.19  516.53 2.01%
  1. General
  2. Others

  3. Others

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.

BSE 1,022.90 7.15 (0.70%)
NSE 1,022.10 8.60 (0.85%)

***Note: This is a NSE Chart


Get Top 500 Company Research from acclaimed IIFL Research Team...Click Here!!!

Read more on: HDFC  Bank   
article
113110709995
HDFC Bank plans to acquire office space in Lower Parel for Rs 2.20bn: reports
HDFC Bank plans to acquire office space in Lower Parel for Rs 2.20bn: reports
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.
http://www.indiainfoline.com/article/news-top-story/hdfc-bank-plans-to-acquire-office-space-in-lower-parel-for-rs-2-20bn-reports-113110709995_1.html
January 04, 2013 09:29 IST
http://content.indiainfoline.com/_media/iifl/img/article/default/glo_news.jpg
HDFC Bank
Others
$rawVideoFileUrl$
$videoPlayerUrl$
News
Recent Reports

Stability in US and Europe to aid export growth

India Infoline Research Team / 10:47, Aug 24, 2015

In spite of massive improvement in CV demand, standalone revenues for Banco Products Ltd registered muted performance with sales at Rs. 113cr in Q1 FY16.