IDFC First Bank has rented a total of 18 floors in Thane. The 18 floors are in the building named Quantum located in Hiranandani Business Park.
This probably is one of the largest rental deal that has taken place in Mumbai Metropolitan Region.
According to the documents made available by Propstack, the rental deal was registered on August 30, 2022.
The total area registered is 4.48 lakh sq mts, comprising of 18 floors, including the 5th to 13th floor, 15th to 17th floor and 20th to 25th floor in the building named Quantum Office building, located in Hiranandani Business Park, Hiranandani Estate, Thane.
The premises that IDFC First Bank has rented belongs to Roma Builders. The rental deal is for a period of five years. The average monthly rent is Rs 3.16 crore, whereas the security deposit paid is Rs 17.48 crore.
“This is one of the largest transactions in 2022, and indicates the long term work from office strategy of banks and financial institutions, Availability of quality office spaces, proximity to talent pool, infrastructure improvements has helped Ghodbunder Road in Thane emerge as a primary alternative for back office operations in central suburbs,” said Raja Seetharaman, c0-founder of Propstack.
In the last few days several big ticket rental deals were witnessed in the city of Mumbai.
A 2.39 lakh sq ft of land area was leased out for a whopping Rs 3.57 crore per month for a period of 258 months by Amazon Data Services India Pvt Ltd in Powai
In August, two separate rental deals were signed between Nykaa E-Retail Pvt Ltd and Marathon Realty Pvt Ltd. The first one is 201 & 301, 2nd & 3rd Floor, Marathon Chambers-A, IIT/ITES Park, Lower Parel, whereas the second one is 2705/2706/2707/2708, 27th Floor, A-Wing, IT/ITES Park, Marathon Futurex, Mafatlal Mill Compound, N.M. Joshi Marg, Lower Parel. The total monthly rent is Rs 68.97 lakh.
Recently actor Salman Khan renewed the lease of his property that he has given on rent for another two years this time for a rent of Rs 89.60 lakh per month. The deal was signed in September first week, and the building is located on Linking Road in Santacruz.
