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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code