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

28 Mar 2024 CW Team

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.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..