RBI seeks additional office space near head office in south Mumbai

09 Aug 2021 CW Team

The Reserve Bank of India (RBI) is planning to buy additional office space with a size of 2,601 to 7,681 sq meter in the financial capital near its head office in south Mumbai, or the Bandra Kurla Complex (BKC) area.

According to the central bank, it wants office space with an area of 2,601 to 7,681 sq meter, and it has issued a Request for Proposals (RFP) for outright purchase of office premises in Mumbai.

As per the RFP document, the RBI plans to buy vacant and peaceful possession of office space having a clear and marketable title for its use in south Mumbai or the BKC area near its existing establishments.

As per the RFP, the central bank is looking for office premises with a minimum of 2,601 sq per meter and a maximum 7,618 sq per meter carpet area situated in south Mumbai within a 1.5 km radius from its central office building in Fort, Mumbai, or in BKC.

According to the document, offers of property located on leasehold land with at least a 30 year residual lease period will also be considered by the RBI.

Anarock property consultants chairman Anuj Puri said that the total leasable space at BKC is around 8.7 million sq per ft area out of which 8-10% is lying vacant.

He further added that in the Central Business District (CBD) area, about 2.1 million sq per ft area is the total leasable space, out of which 10-12% is lying vacant.

Regional Managing Director, India, JLL, Karan Singh Sodi, said the grade A office rates in the old CBD area will range between Rs 25,000 to Rs 50,000 on the carpet, and in the new CBD in BKC, there are a few grade A buildings that may meet this need.

Image Source

Also read: With 11-12% vacancy, commercial office builders bank on future promise

Also read: Lodha Group announces office space solutions with Codename Must-Have

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..