Bank of America Leases 1 Lakh+ Sq. Ft. Office Space in Mumbai's Malad
ECONOMY & POLICY

Bank of America Leases 1 Lakh+ Sq. Ft. Office Space in Mumbai's Malad

Bank of America has finalised a lease agreement for over 1 lakh square feet of office space in Malad, Mumbai, marking a substantial expansion of its presence in the city's commercial real estate market. This development underscores Bank of America's commitment to Mumbai as a key business hub and its confidence in the city's economic resilience.

The leased office space in Malad represents a strategic move by Bank of America to accommodate its growing workforce and support its business operations in Mumbai. Malad, with its well-developed infrastructure and proximity to key business districts, offers an attractive location for companies seeking to establish or expand their presence in the city.

The transaction reflects the ongoing demand for quality office space in Mumbai's commercial real estate market, despite the challenges posed by the global pandemic. Bank of America's decision to secure a significant area of office space underscores its long-term outlook and confidence in Mumbai's potential as a business destination.

Furthermore, the lease agreement is expected to have a positive impact on the local real estate ecosystem, contributing to increased leasing activity and providing a boost to the commercial property market in Malad. It also signifies Bank of America's continued commitment to supporting the growth and development of Mumbai's economy.

As Bank of America prepares to occupy the newly leased office space in Malad, stakeholders anticipate a range of benefits, including job creation, infrastructure development, and enhanced economic activity in the surrounding area. The transaction reaffirms Mumbai's position as a vibrant and dynamic business hub, capable of attracting leading global corporations like Bank of America.

Bank of America has finalised a lease agreement for over 1 lakh square feet of office space in Malad, Mumbai, marking a substantial expansion of its presence in the city's commercial real estate market. This development underscores Bank of America's commitment to Mumbai as a key business hub and its confidence in the city's economic resilience. The leased office space in Malad represents a strategic move by Bank of America to accommodate its growing workforce and support its business operations in Mumbai. Malad, with its well-developed infrastructure and proximity to key business districts, offers an attractive location for companies seeking to establish or expand their presence in the city. The transaction reflects the ongoing demand for quality office space in Mumbai's commercial real estate market, despite the challenges posed by the global pandemic. Bank of America's decision to secure a significant area of office space underscores its long-term outlook and confidence in Mumbai's potential as a business destination. Furthermore, the lease agreement is expected to have a positive impact on the local real estate ecosystem, contributing to increased leasing activity and providing a boost to the commercial property market in Malad. It also signifies Bank of America's continued commitment to supporting the growth and development of Mumbai's economy. As Bank of America prepares to occupy the newly leased office space in Malad, stakeholders anticipate a range of benefits, including job creation, infrastructure development, and enhanced economic activity in the surrounding area. The transaction reaffirms Mumbai's position as a vibrant and dynamic business hub, capable of attracting leading global corporations like Bank of America.

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?