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Mumbai: HDFC to buy office space worth Rs 220 Cr in Lower Parel

As per media reports, HDFC Bank is in talks with Alok Realtors to buy a gigantic office space of approximately 1,30,000 sq. ft. of commercial space on four floors of Peninsula Business Park which is set in Lower Parel, Mumbai. This deal might cost about Rs 220 Cr as the bank may have to pay Rs 17,000 per sq. ft.


Executives working at HDFC will benefit to shift their residences to this region. Besides commercial property, a number of residential properties are available at Lower Parel such as Darshan Ricco.

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