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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.
India Infoline News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.