+
SBI leases 3,150 sq ft space owned by Amitabh Bachchans in Juhu
Real Estate

SBI leases 3,150 sq ft space owned by Amitabh Bachchans in Juhu

State Bank of India (SBI) has leased a ground floor of a property owned by Amitabh Bachchan in Mumbai's Juhu locality.

The state-owned bank has entered into a contract with the Bollywood star and his son Abhishek Bachchan to rent 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu. Additionally, the Bachchans own the Janak, Ammu, Vatsa and Prateeksha bungalows in Juhu.

The bank has consented to pay Rs 18.9 lakh as monthly rent for a 15 year lease. The rent will observe a 25% surge every five years, displayed documents obtained through Zapkey.com.

The bank has spent a security deposit of more than Rs 2.26 crore, equal to a year's rent. On 28th September 2021, the deal was registered.

SBI is likely to install a branch in the space, which was recently vacated by Citibank.

Image Source


Also read: Model builder-buyer agreement crucial for realty sector in India: SC

State Bank of India (SBI) has leased a ground floor of a property owned by Amitabh Bachchan in Mumbai's Juhu locality. The state-owned bank has entered into a contract with the Bollywood star and his son Abhishek Bachchan to rent 3,150 sq ft in a building close to the family residence, Jalsa, in Juhu. Additionally, the Bachchans own the Janak, Ammu, Vatsa and Prateeksha bungalows in Juhu. The bank has consented to pay Rs 18.9 lakh as monthly rent for a 15 year lease. The rent will observe a 25% surge every five years, displayed documents obtained through Zapkey.com. The bank has spent a security deposit of more than Rs 2.26 crore, equal to a year's rent. On 28th September 2021, the deal was registered. SBI is likely to install a branch in the space, which was recently vacated by Citibank. Image SourceAlso read: Model builder-buyer agreement crucial for realty sector in India: SC

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?