Hinduja Realty Ventures leases 3 floors in Tata Communications’ office tower in Mumbai’s BKC
Hinduja Realty Ventures has signed a long-term lease of over five years on three floors of a commercial tower in Mumbai's business district, Bandra-Kurla Complex. The real estate acquisition will be used by a number of companies within Hinduja Group, which is seeking to aggregate its Indian property portfolio under the group's flag and unlock value through integrated developments to maximise returns. The lease comprises 50,000 sq ft on the first, second and third floor of the tower, plus 27 car parking spaces and a monthly rental of Rs 115m ($1.6m).