Hiranandani in Thane rents 18 floors office space to IDFC First Bank

29 Sep 2022 CW Team

IDFC First Bank has signed a long-term lease with property developer Hiranandani Group for a 10-year period that includes a renewal option for a total of 18 floors of office space totaling about 4.5 lakh sq ft in the commercial project Quantum in Hiranandani Estate in Thane.

One of the largest office leasing agreements signed this year was this one. Over the first five years of the lease, the private-sector bank will pay Rs 2.02 billion in rental for the office space, including upkeep.

In addition to consolidating, IDFC First Bank intends to use the newly leased space for business expansion and processing.

The 25-storey tower was recently finished and is now ready for interior decoration. The bank has a lease arrangement in place with Roma Builders, one of the divisions of the Hiranandani Group, whose directors include Niranjan and his brother Surendra Hiranandani.

The brothers continue to jointly hold a large number of real estate projects and properties even though they each manage their own real estate firms and development projects.

Also read:
Maharashtra cancels redevelopment GRs for Mhada buildings
Maharashtra to invite fresh bids for Dharavi redevelopment

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..