+
Barclays, K Raheja Corp Seal Rs 3.06 Bn Mumbai Office Lease
Real Estate

Barclays, K Raheja Corp Seal Rs 3.06 Bn Mumbai Office Lease

Barclays Bank has entered into a substantial lease agreement with K Raheja Corp for an office space in Mumbai, amounting to Rs 306 crores. This strategic deal underscores the continued significance of Mumbai as a prime location for corporate offices and financial institutions.

The lease agreement reflects Barclays' commitment to establishing a robust presence in Mumbai, one of India's key financial hubs. K Raheja Corp, a prominent real estate developer, facilitates this collaboration by providing state-of-the-art office space that aligns with the global standards expected by leading financial institutions.

The Rs 3.06 billion deal emphasises the strong demand for premium commercial spaces in Mumbai, driven by the city's status as a major business and financial centre. It also signifies the confidence of global corporations, like Barclays, in the long-term potential and stability of Mumbai's real estate market.

The collaboration between Barclays and K Raheja Corp not only contributes to the commercial real estate landscape of Mumbai but also strengthens the city's position as a preferred destination for multinational corporations. The lease deal reflects the dynamic nature of the real estate market and underscores the adaptability and resilience of Mumbai's business environment.

Barclays Bank has entered into a substantial lease agreement with K Raheja Corp for an office space in Mumbai, amounting to Rs 306 crores. This strategic deal underscores the continued significance of Mumbai as a prime location for corporate offices and financial institutions. The lease agreement reflects Barclays' commitment to establishing a robust presence in Mumbai, one of India's key financial hubs. K Raheja Corp, a prominent real estate developer, facilitates this collaboration by providing state-of-the-art office space that aligns with the global standards expected by leading financial institutions. The Rs 3.06 billion deal emphasises the strong demand for premium commercial spaces in Mumbai, driven by the city's status as a major business and financial centre. It also signifies the confidence of global corporations, like Barclays, in the long-term potential and stability of Mumbai's real estate market. The collaboration between Barclays and K Raheja Corp not only contributes to the commercial real estate landscape of Mumbai but also strengthens the city's position as a preferred destination for multinational corporations. The lease deal reflects the dynamic nature of the real estate market and underscores the adaptability and resilience of Mumbai's business environment.

Next Story
Real Estate

DLF Returns to Mumbai with Premium Andheri Residential Project

Delhi-NCR based real estate major DLF announced its return to the Mumbai market on 17 July with the launch of its premium residential project, The WestPark, in Andheri. The first phase includes 416 apartments spread across four towers, with two towers launched on the announcement day. The company plans to invest over Rs 8 billion in the project and expects a topline exceeding Rs 20 billion from Phase 1.“We have launched two towers and, given the strong response, plan to unveil the remaining two towers ahead of schedule, within the next few days,” said Aakash Ohri, Joint Managing Director o..

Next Story
Infrastructure Urban

APCRDA Advances Net Zero Goal with IGBC Training for Officials

In a significant stride towards Andhra Pradesh’s Net Zero target by 2040 and the Swarna Andhra 2047 vision, the Andhra Pradesh Capital Region Development Authority (APCRDA), in partnership with the Indian Green Building Council (IGBC), conducted a high-level capacity-building programme for senior officials in Vijayawada on Friday.Held at a city hotel, the session saw the participation of over 50 senior APCRDA officials, including the Engineer-in-Chief, Chief Engineer (H&B), Director (Planning), Director (Environment), and heads of key departments. The training centred on IGBC’s Green B..

Next Story
Infrastructure Energy

Assam Solar Project Halted as Waaree EPC Contract Is Cancelled

Following the Assam government’s withdrawal from its proposed solar project, the Engineering, Procurement, and Construction (EPC) contract awarded to Waaree Renewable has been suspended. Waaree Group’s EPC division informed the stock exchange of this development through a regulatory filing.The Assam solar project was suspended due to funding challenges, which rendered the initiative unviable for the state government. Waaree Renewable Transmission Limited (RTL) explained that the Government of Assam has withdrawn the project’s funding via the Asian Development Bank (ADB) loan. Consequentl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?