{"id":3249,"date":"2023-08-09T10:55:00","date_gmt":"2023-08-09T05:25:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3249"},"modified":"2026-05-25T10:57:02","modified_gmt":"2026-05-25T05:27:02","slug":"hdfc-bank-leases-64337-sq-ft-at-one-international-centre-in-mumbai","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-leases-64337-sq-ft-at-one-international-centre-in-mumbai\/","title":{"rendered":"HDFC Bank Leases 64,337 Sq Ft at One International Centre in Mumbai"},"content":{"rendered":"\n

HDFC Bank has leased over 64,000 sq ft of office space at One International Centre in Mumbai\u2019s Lower Parel, underscoring the continued demand for premium Grade-A commercial assets among leading financial institutions.<\/p>\n\n\n\n

According to documents accessed by CRE Matrix<\/a>, the bank has taken on lease approximately 64,337 sq ft across Towers 2 and 3 of the commercial development. The lease agreement has been executed for a tenure of five years.<\/p>\n\n\n\n

Key Details of the HDFC Bank Office Lease<\/strong><\/strong><\/h2>\n\n\n\n

The agreement begins with a monthly rent of \u20b91.62 crore, translating to a rental rate of around \u20b9252 per sq ft per month. The transaction also includes 75 car parking spaces and a security deposit of \u20b99.73 crore.<\/p>\n\n\n\n

Registered on August 3, 2023, the lease deed provides for an annual rent escalation of 4.5%, resulting in a steady increase in rentals over the lease period.<\/p>\n\n\n\n

Lower Parel Continues to Attract Large Occupiers<\/strong><\/h2>\n\n\n\n

One International Centre is among Mumbai\u2019s prominent Grade-A office developments and has attracted several large occupiers over the years. Located in Lower Parel, the project benefits from strong connectivity and proximity to key business districts across the city.<\/p>\n\n\n\n

The transaction highlights the sustained demand for high-quality office space in established commercial hubs, particularly from banking and financial services companies seeking modern workspaces.<\/p>\n\n\n\n

Mumbai Office Market Remains Resilient<\/strong><\/h2>\n\n\n\n

The lease comes in the backdrop of HDFC Bank\u2019s merger with HDFC Ltd., which has expanded the scale of the combined entity\u2019s operations. As companies continue to prioritize premium office environments, large leasing transactions such as this reinforce the resilience of Mumbai\u2019s commercial real estate market.<\/p>\n\n\n\n

With a five-year commitment at one of the city\u2019s leading office developments, HDFC Bank\u2019s latest lease further strengthens Lower Parel\u2019s position as a preferred destination for corporate occupiers.<\/p>\n\n\n\n

As Mumbai\u2019s office market continues to evolve, access to accurate transaction data and market intelligence has become increasingly critical for industry stakeholders seeking to identify opportunities and make informed decisions.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/strong><\/p>\n\n\n\n