{"id":911,"date":"2025-02-03T12:45:51","date_gmt":"2025-02-03T07:15:51","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=911"},"modified":"2025-09-09T16:47:39","modified_gmt":"2025-09-09T11:17:39","slug":"hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/","title":{"rendered":"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space in Mumbai\u2019s Andheri"},"content":{"rendered":"\n<p>A significant commercial lease has been signed by HDFC Bank in Mumbai&#8217;s Andheri. The bank has secured 4.50 lakh sq ft of space at an annual rental cost of more than \u20b91,020 crore, according to documents accessed by <a href=\"https:\/\/www.crematrix.com\/\">CRE Matrix<\/a>.&nbsp;<\/p>\n\n\n\n<p>Documents reveal that HDFC Bank has signed a 10-year lease for a carpet area of nearly 2.73 lakh sq ft within R Square, a commercial building constructed by Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty. This significant lease agreement highlights HDFC Bank&#8217;s commitment to expanding its presence in Andheri, Mumbai.<\/p>\n\n\n\n<p>The leasing of the commercial space has been executed through a series of three separate agreements. These agreements cover selected units located on the ground floor, as well as the first through sixth floors of the building. The monthly rental payment for the leased space is \u20b96.45 crore, translating to an annual rent exceeding \u20b91,020 crore. The lease agreement includes a provision for a 15% rent escalation at the end of every 36 months.&nbsp;<\/p>\n\n\n\n<p>The licensee was permitted to commence operations on January 21, 2025, with the agreement subsequently being registered on January 27, 2025. The commercial space features 227 parking spaces. A significant security deposit of \u20b9116 crore was paid by HDFC Bank as part of the leasing agreement.<br><br><a href=\"https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/\">Abhishek Kiran Gupta<\/a>, CEO and co-founder of CRE Matrix and IndexTap.com commented, &#8220;Andheri is a growing office market of Mumbai in terms of annual leasing activity, new housing developments, metro, airport, and highway connectivity, hospitality, and everything in between.&#8221;<br><br><\/p>\n\n\n\n<p><strong>Recent Transactions in Mumbai<\/strong><\/p>\n\n\n\n<p>In a recent transaction, <a href=\"https:\/\/www.crematrix.com\/blog\/tata-investment-corp-purchases-office-space-in-wadala-mumbai-for-%e2%82%b9150-crore\/\">Tata Investment Corp acquired two office properties totaling 42,743 sq ft <\/a>in Mumbai\u2019s Wadala area for nearly \u20b9150 crore. In another transaction last year, <a href=\"https:\/\/www.crematrix.com\/blog\/nielsen-media-and-subsidiary-lease-1-52-lakh-sq-ft-office-space-in-mumbai-for-%e2%82%b93-87-crore-per-month-for-10-years\/\">Nielsen Media India Private Limited and its subsidiary leased 1.52 lakh square feet of office space<\/a> in Mumbai\u2019s Goregaon.<\/p>\n\n\n\n<p>Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. <a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now!<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A significant commercial lease has been signed by HDFC Bank in Mumbai&#8217;s Andheri. The bank has secured 4.50 lakh sq ft of space at an annual rental cost of more&hellip;<\/p>\n","protected":false},"author":1,"featured_media":912,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[10,147],"tags":[154],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \u2013 CRE<\/title>\n<meta name=\"description\" content=\"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \u2013 CRE\" \/>\n<meta property=\"og:description\" content=\"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/\" \/>\n<meta property=\"og:site_name\" content=\"CRE Matrix\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-03T07:15:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-09T11:17:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1216\" \/>\n\t<meta property=\"og:image:height\" content=\"832\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhishek Kiran Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\",\"url\":\"https:\/\/www.crematrix.com\/blog\/\",\"name\":\"CRE Matrix\",\"description\":\"A Deep Analytics Platform for Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png\",\"contentUrl\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png\",\"width\":1216,\"height\":832,\"caption\":\"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#webpage\",\"url\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/\",\"name\":\"Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \\u2013 CRE\",\"isPartOf\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#primaryimage\"},\"datePublished\":\"2025-02-03T07:15:51+00:00\",\"dateModified\":\"2025-09-09T11:17:39+00:00\",\"author\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\"},\"description\":\"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area\",\"breadcrumb\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.crematrix.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space in Mumbai\\u2019s Andheri\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\",\"name\":\"Abhishek Kiran Gupta\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g\",\"caption\":\"Abhishek Kiran Gupta\"},\"description\":\"CEO and Co-Founder\",\"sameAs\":[\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\",\"https:\/\/www.instagram.com\/abhishekkirangupta\/\",\"https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/\",\"https:\/\/www.youtube.com\/@akg_voiceofrealestate\"],\"url\":\"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \u2013 CRE","description":"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/","og_locale":"en_US","og_type":"article","og_title":"Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \u2013 CRE","og_description":"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area","og_url":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/","og_site_name":"CRE Matrix","article_author":"https:\/\/www.facebook.com\/abhishek.k.gupta.1840","article_published_time":"2025-02-03T07:15:51+00:00","article_modified_time":"2025-09-09T11:17:39+00:00","og_image":[{"width":1216,"height":832,"url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png","path":"\/app\/public\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png","size":"full","id":912,"alt":"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space","pixels":1011712,"type":"image\/png"}],"twitter_card":"summary","twitter_misc":{"Written by":"Abhishek Kiran Gupta","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.crematrix.com\/blog\/#website","url":"https:\/\/www.crematrix.com\/blog\/","name":"CRE Matrix","description":"A Deep Analytics Platform for Real Estate","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png","contentUrl":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2025\/02\/freepik__the-style-is-candid-image-photography-with-natural__57941.png","width":1216,"height":832,"caption":"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space"},{"@type":"WebPage","@id":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#webpage","url":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/","name":"Hdfc Bank Signs Rs 1020 Cr Lease Agreement For 4 \u2013 CRE","isPartOf":{"@id":"https:\/\/www.crematrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#primaryimage"},"datePublished":"2025-02-03T07:15:51+00:00","dateModified":"2025-09-09T11:17:39+00:00","author":{"@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1"},"description":"Deal snapshot with context: who bought\/leased what, where, and why it matters for India\u2019s key markets trends powered by CRE Matrix. Covers lease tenure, area","breadcrumb":{"@id":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.crematrix.com\/blog\/hdfc-bank-signs-rs-1020-cr-lease-agreement-for-4-5-lakh-sq-ft-office-space-in-mumbais-andheri\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.crematrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"HDFC Bank Signs Rs 1,020-Cr Lease Agreement for 4.5 Lakh Sq Ft Office Space in Mumbai\u2019s Andheri"}]},{"@type":"Person","@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1","name":"Abhishek Kiran Gupta","image":{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g","caption":"Abhishek Kiran Gupta"},"description":"CEO and Co-Founder","sameAs":["https:\/\/www.facebook.com\/abhishek.k.gupta.1840","https:\/\/www.instagram.com\/abhishekkirangupta\/","https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/","https:\/\/www.youtube.com\/@akg_voiceofrealestate"],"url":"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/"}]}},"_links":{"self":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/911"}],"collection":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/comments?post=911"}],"version-history":[{"count":2,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/911\/revisions"}],"predecessor-version":[{"id":1088,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/911\/revisions\/1088"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media\/912"}],"wp:attachment":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media?parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/categories?post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/tags?post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}