Reserve Bank looking for space for additional office space in Mumbai

Photo:FILEReserve Bank looking for space for additional office space in Mumbai

Mumbai: The Reserve Bank of India is looking for space in the country’s financial capital for additional office space at its South Mumbai headquarters or in the Bandra Kurla campus area. The Request for Proposal (RFP) put out by the Reserve Bank for outright purchase of office premises in Mumbai states that it needs an office space of 2,601 to 7,681 sqm.

According to the RFP document, the central bank is looking to buy a peaceful and vacant office space in South Mumbai or Bandra Kurla Complex (BKC). According to the document, the Reserve Bank needs a minimum built up area of ​​2,601 sq m or 28,000 sq ft to a maximum of 7,618 sq m or 82,000 sq ft. It should be within 1.5 kilometer radius of Central Bank’s Fort, Mumbai building or within BKC.

Apart from this, the property situated on the leased land which has a minimum lease period of 30 years will also be considered. Anuj Puri, Chairman, Anarock Property Consultants said that as per the research conducted by Anarock, the total leasable space in BKC is 8.7 million square feet, of which eight to 10 per cent is vacant. In addition, the total leasable space in the Central Business District (CBD) is around 21 lakh square feet, of which 10 to 12 per cent is vacant.

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