Bandhan Bank acquires 12 offices in Mumbai’s BKC for Rs 135 crore
Bandhan Bank has acquired 12 offices spread across two floors in a commercial tower in Mumbai’s business district Bandra-Kurla Complex (BKC) on an outright basis for more than Rs 135.64 crore.
The bank has picked up these commercial offices in INS Tower in BKC from four different sellers — Suraksha Realty, Neostone Developers, Orbit Enterprises, and Veera Associates.
The bank has picked up the new office space as part of its growth and expansion strategy. It is expected to use this new space, which is nearly four times bigger than the current office in BKC’s Platina tower, as its Mumbai corporate office.
The deal with Orbit Enterprises is for a total of seven offices on the second floor of the tower and is valued at over Rs 82.5 crore, while the bank has acquired three offices from Suraksha Realty on the first floor for Rs 31.38 crore cumulatively.
The bank has bought one office from Neostone Developers and Veera Associates each on the second floor of the tower, showed the documents accessed through FloorTap.com. The deal provides the buyer exclusive access to 31 car parking slots in the tower.
While the bank’s registered office is in Kolkata, the Mumbai corporate office is currently located in BKC’s Platina and it has been operating from this premise for the last 8 years.
«The bank is expanding its footprint rapidly in order to reach more customers. To support the growth of the bank, we are establishing various office spaces in various geographies. Our current office expansion in Mumbai is in line with the
