Axis Bank Secures Large Office Space in Mumbai

09 Feb 2024 CW Team

Axis Bank has recently leased a substantial office space of over 81,300 square feet in the Parle Product Factory Compound, located in Mumbai's Vile Parle area. This lease agreement, spanning five years, commences with a monthly rent of Rs 85.37 lakh, which is approximately 1.14 crore rupees annually. Notably, the contract includes a 12% rental escalation clause after the initial three years. The lease and rent commencement dates are set for early and mid-2024, respectively. As part of this deal, Axis Bank gains exclusive access to 81 four-wheeler parking spaces and 300 two-wheeler parking slots. The bank has also paid a security deposit exceeding Rs 5.12 crore. Despite attempts to contact them, both Axis Bank and Parle Products have not responded to inquiries. This leasing move by Axis Bank is significant in the context of India's office space market. Recent data from JLL India indicates that net office space absorption in the country's top seven cities has surpassed 40 million square feet, reaching 41.97 million square feet in 2023. This marks a notable post-COVID milestone and is the second-highest annual absorption rate, just behind the record set in 2019.

Infrastructure Energy

18 Sep 2025

Suzlon Wins 838 MW Wind Project From Tata Power

Suzlon Group has bagged an 838 MW order from Tata Power Renewable Energy Ltd (TPREL), a subsidiary of Tata Power, marking its largest order in FY26 and the second-largest in its history after the 1,544 MW deal with NTPC Green Energy Ltd.The project will see the installation of 266 of Suzlon’s S144 wind turbines, each with a rated capacity of 3.15 MW. These will be spread across Karnataka (302 MW), Maharashtra (271 MW), and Tamil Nadu (265 MW), forming part of the FDRE bids awarded to SJVN and NTPC.Girish Tanti, Vice Chairman of Suzlon Group, highlighted that this third repeat order from Tata..

Avaada Commissions 11 Solar Projects In Maharashtra

Avaada Group has commissioned 11 solar power projects in Yavatmal district, Maharashtra, under the Mukhyamantri Saur Krushi Vahini Yojana (MSKVY) 2.0 to deliver reliable daytime power for irrigation and strengthen the state’s clean energy transition.The projects include a 4 MW plant at Kinhi, 3 MW each at Baldi and Dongarkharda, 2 MW each at Bansi and Patan, a 5 MW facility at Mhasola, 2 MW at Galwa, 4 MW each at Pathrad and Parjana, and 3 MW each at Sawargaon and Sarfali. Together, these are expected to benefit nearly 14,900 farmers across 167 villages by improving irrigation facilities, re..

GREW Solar Launches New PV Modules At RE+ 2025

GREW Solar, India’s youngest and one of the fastest-growing solar PV manufacturers, showcased its latest range of advanced photovoltaic (PV) modules at RE+ 2025, North America’s largest clean energy trade show. The company introduced the ALL-BLACK Series, designed for the U.S. rooftop market, offering sleek aesthetics and proven performance across extreme weather conditions such as sun, rain, snow, and hail. Backed by a 25-year warranty, these modules provide homeowners with reliable renewable energy solutions.The G2G M10 TOPCon Series, also unveiled at the event, caters to commercial and ..