ICICI Prudential Life Leases 2.52 Lakh Sq. Ft. Office Space in Mumbai

19 Mar 2024 CW Team

ICICI Prudential Life has finalised a lease agreement for 2.52 lakh sq. ft. of office space in Mumbai, signalling a noteworthy expansion in its operational presence within the city's bustling commercial real estate sector. This move underscores the company's strategic growth objectives and its commitment to enhancing its business operations.

The leasing of this substantial office space reflects ICICI Prudential Life's confidence in Mumbai's commercial real estate market and its potential for fostering business growth and innovation. The secured space is expected to accommodate the company's expanding workforce and support its operational requirements effectively.

As ICICI Prudential Life strengthens its footprint in Mumbai's office market, stakeholders in the commercial real estate sector will closely monitor the impact of this lease agreement on market dynamics and rental trends. The transaction reaffirms Mumbai's status as a prime destination for corporate leasing activities and underscores the city's resilience as a commercial hub.

ICICI Prudential Life's leasing of 2.52 lakh sq. ft. of office space in Mumbai marks a significant milestone in its growth trajectory and underscores its commitment to expanding its operational presence in key markets. The move reflects the company's confidence in Mumbai's business ecosystem and its potential for driving long-term success and sustainability.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..