HDFC Bank Seals Landmark Lease in Andheri East - 2.72 Lakh Sq Ft at INR 77 Crore Annually

Massive Expansion in Mumbai’s Prime Office Hub

HDFC Bank has signed a high-value lease agreement, securing 2.72 lakh square feet of premium office space in Andheri East, Mumbai, for an annual rent surpassing ₹77 crore. The 10-year lease spans multiple floors in the R Square building, a development by Histyle Retail Pvt Ltd, a Runwal Realty subsidiary.

The agreement includes a 15% rent escalation every three years, 207 parking spaces, and a security deposit of ₹116 crore.

Andheri's Rise as a Commercial Hotspot

This deal further cements Andheri East as one of Mumbai’s top office destinations, thanks to its metro connectivity, proximity to the airport, major highways, and a thriving hospitality sector.

HDFC Bank’s Aggressive Growth Strategy

The bank’s latest move follows its recent leasing of an 8-storey building in Navi Mumbai, covering 4.16 lakh square feet, with a ₹320 crore contract over 10 years. These expansion efforts signal Mumbai’s growing demand for large-scale commercial real estate.

News Disclaimer

This report is based on publicly available lease transaction data and real estate market insights. While every effort has been made to ensure accuracy, actual financial figures and contractual terms may vary.