+
RBI seeks additional office space near head office in south Mumbai
Real Estate

RBI seeks additional office space near head office in south Mumbai

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code