+
Yes Bank buys Reliance Infra HQ in Mumbai for Rs 1,200 cr
Real Estate

Yes Bank buys Reliance Infra HQ in Mumbai for Rs 1,200 cr

Reliance Infrastructure Ltd has sold its Mumbai Santacruz headquarters, the Reliance Centre, to Yes Bank for Rs 1,200 crore.

Yes Bank, which currently operates from One Indiabulls Centre in central Mumbai, will convert the building into its corporate head office.

The Reliance Infrastructure headquarters office is a high-tech building with over 695,000 sq ft area on a plot of 15,514 sq m land.

Reliance Group Chairman Anil Ambani shifted to this office after he moved out of Reliance's Ballard Estate office. The entire proceeds from the sale of Reliance Centre will be utilised only to service Yes Bank's debt, Reliance Infrastructure told the media.

Real estate industry experts told the media that the office enjoys a prime location because of its proximity to Mumbai's western express highway. It is a 15-minute drive to Chhatrapati Shivaji International Airport terminal (T2), a 10-minute drive to the domestic airport terminal (T1), and is located in close proximity to the Bandra-Kurla Complex business district.

Yes Bank had an exposure of Rs 4,000 crore in Reliance Infrastructure. With this deal, it has reduced its exposure by half.

With the deal, Reliance Infrastructure has closed three major transactions since January this year. The other two transactions include the sale of Delhi-Agra toll road to Cube Highways and an electricity transmission asset Parbati Koldam Transmission Company to IndiGrid.

Image Source


Also read: Reliance Infra completes sale of Delhi-Agra Toll Road

Also read: Positive response to Reliance Capital’s sale of assets

Reliance Infrastructure Ltd has sold its Mumbai Santacruz headquarters, the Reliance Centre, to Yes Bank for Rs 1,200 crore. Yes Bank, which currently operates from One Indiabulls Centre in central Mumbai, will convert the building into its corporate head office. The Reliance Infrastructure headquarters office is a high-tech building with over 695,000 sq ft area on a plot of 15,514 sq m land. Reliance Group Chairman Anil Ambani shifted to this office after he moved out of Reliance's Ballard Estate office. The entire proceeds from the sale of Reliance Centre will be utilised only to service Yes Bank's debt, Reliance Infrastructure told the media. Real estate industry experts told the media that the office enjoys a prime location because of its proximity to Mumbai's western express highway. It is a 15-minute drive to Chhatrapati Shivaji International Airport terminal (T2), a 10-minute drive to the domestic airport terminal (T1), and is located in close proximity to the Bandra-Kurla Complex business district. Yes Bank had an exposure of Rs 4,000 crore in Reliance Infrastructure. With this deal, it has reduced its exposure by half. With the deal, Reliance Infrastructure has closed three major transactions since January this year. The other two transactions include the sale of Delhi-Agra toll road to Cube Highways and an electricity transmission asset Parbati Koldam Transmission Company to IndiGrid. Image Source Also read: Reliance Infra completes sale of Delhi-Agra Toll Road Also read: Positive response to Reliance Capital’s sale of assets

Next Story
Infrastructure Urban

Hindmetal Pioneers EM Tech in Mineral Exploration

Hindmetal Exploration Services (HESPL), a wholly owned subsidiary of Hindustan Zinc, has become the first company in India to deploy advanced Electromagnetic (EM) technologies for mineral exploration. The initiative marks a major leap in the nation’s ability to identify hidden mineral resources with unprecedented precision.The breakthrough involves two cutting-edge tools: borehole EM, which detects and maps conductive ore bodies such as sulfide deposits in high detail, and SQUID surface sensors, which capture even the weakest electromagnetic signals—ideal for spotting low-conductivity or d..

Next Story
Infrastructure Urban

Autodesk Launches Local Data Storage for India

Autodesk has announced the launch of localized data storage in India, enabling businesses and public sector organizations to store and manage project data within the country. This expansion, part of Autodesk’s global regional offerings, supports regulated sectors such as government, infrastructure, and utilities by meeting compliance requirements while ensuring enterprise-grade security, privacy, and data recoverability.The move comes as Autodesk’s 2025 State of Design & Make report reveals that while digital transformation drives significant ROI in the architecture, engineering, const..

Next Story
Infrastructure Urban

Rosatom Opens Pilot Uranium Facility at Tanzania’s Mkuju River Project

Mantra Tanzania, a subsidiary of Uranium One Group (part of Rosatom), has commissioned a pilot uranium processing facility at the Mkuju River project in southern Tanzania. The inauguration, attended by Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania, alongside senior government officials, community leaders, and Rosatom representatives, marks a major step forward in Russia–Tanzania nuclear energy cooperation.Alexey Likhachev, Director General of Rosatom, said: “Rosatom offers its cutting-edge uranium processing technologies to unlock Tanzania’s geological ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?