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HDFC Bank inks lease renewal for head office building in Worli

Wednesday, 13 Oct 2021
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HDFC Bank has renewed the lease for an entire office building that houses its head office on Dr Annie Besant Road in Worli locality of Mumbai, Maharashtra, at a monthly rental of Rs 1.45 crore.

The lease tenure for the office where the bank's top officials function is set at 36 months, taking the total rent payout to over Rs 52.2 crore.

The commercial property, Sandoz House, with a basement, ground floor and eight upper floors has a total 64,872 sq ft space. The office building has parking slots for 40 cars.

HDFC Bank has paid Rs 3.79 crore as security deposit for the lease, as per documents accessed through real estate data analytics firm CRE Matrix.

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