HDFC Bank took office in Noida for 18 years, monthly rent Rs 1.47 crore

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HDFC Bank Office on Lease In Noida: HDFC Bank has taken a huge office on lease in Noida, the size of which is 2.17 lakh square feet. It has been taken on lease for 18 years. According to CRE Matrix data, the monthly rent starts from Rs. 1.47 lakhs.

Leading private sector banks have rented the building from ground floor to 5th floor and from 7th to 15th floor. It is located at ACE Capitol, Tower 1 Sector- 132, Noida. The bank has taken the building on lease from Mango Infratech Solutions LLP, a subsidiary of ACE Group.

House leased till 2041

According to the documents, this house has been given on lease for 18 years. It has been taken on lease from 15 May 2023 to 14 May 2041. As per the information, the bank has paid a security amount of Rs 8.87 crore. In this lease, 376 car parking slots have been given free of cost. The bank has completed this registration on 24 March 2023.

Office was taken on lease in Mumbai last year

The deal between the two also includes a 15 percent increase in rent over three years. There will be an increase of Re 1 per square foot of carpet area in the monthly rent from the fourth year to the sixth year and by 15 per cent for every three years from the seventh year onwards. Last year, HDFC Bank had leased over 2.5 lakh sq ft of office space at K Raheja Corp-based Mindspace Business Parks REIT’s business park in Airoli area of ​​Navi Mumbai for 10 years. Moneycontrol’s mail did not elicit any response from HDFC Bank and ACE Group.

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