Reliance Nippon Life Insurance leases 40k sq ft from Adani
Real Estate

Reliance Nippon Life Insurance leases 40k sq ft from Adani

In a recent development, Adani Realty has leased out 40,000 sq ft of space for five years to Reliance Nippon Life Insurance (RNLI) in the Bandra-Kurla Complex business district in north Mumbai. This will be the insurance company’s new corporate headquarters.

The transaction, which is believed to be among the largest in recent times, has not yet made its rental details available to the public domain.

Upon establishing contact, Ashish Vohra, chief executive and managing director of RNLI, sealed the confirmation of the said development in the sprawling business district. Meanwhile, officials associated with Adani Realty were not available for comment. Vohra told sources that they looked upon the relocations of their corporate offices as a subject of long term adherence and that the business sentiment which they recovered on the back of their life insurance product’s value gave them the requisite confidence to go through with this decision.

Owing to exorbitant prices and oversupply, the city’s realty market has been dealt a huge blow which further got aggravated due to the economic crisis that ensued courtesy of the pandemic. Policy measures that have allowed for interest rates to remain at 15-year lows and facilitated the halving of duties for a particular period have played a primary role in leading the revival of the market.

Source: The Economic Times

In a recent development, Adani Realty has leased out 40,000 sq ft of space for five years to Reliance Nippon Life Insurance (RNLI) in the Bandra-Kurla Complex business district in north Mumbai. This will be the insurance company’s new corporate headquarters.The transaction, which is believed to be among the largest in recent times, has not yet made its rental details available to the public domain. Upon establishing contact, Ashish Vohra, chief executive and managing director of RNLI, sealed the confirmation of the said development in the sprawling business district. Meanwhile, officials associated with Adani Realty were not available for comment. Vohra told sources that they looked upon the relocations of their corporate offices as a subject of long term adherence and that the business sentiment which they recovered on the back of their life insurance product’s value gave them the requisite confidence to go through with this decision. Owing to exorbitant prices and oversupply, the city’s realty market has been dealt a huge blow which further got aggravated due to the economic crisis that ensued courtesy of the pandemic. Policy measures that have allowed for interest rates to remain at 15-year lows and facilitated the halving of duties for a particular period have played a primary role in leading the revival of the market. Source: The Economic Times

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?