The RBI plans to buy an office space in Mumbai

According to the RBI, it is looking for office spaces from 2601 to 7681 meters which have filed a request for “effective purchase of office space” (RFP) in Mumbai.

MUMBAI: The Reserve Bank of India (RBI) is looking for office space in the financial sector near its southern headquarters in Mumbai or near the Bandra Kurla complex. According to the RBI, it is looking for office spaces from 2601 to 7681 meters which have filed a request for “effective purchase of office space” (RFP) in Mumbai.

The central bank intends to purchase a private and quiet office with a clear and marketable name for use in south Mumbai and/or in the Bandra Kurla (BKC) complex area. Close to existing facilities … “said the RFP statement.

According to the RFP, the RBI is seeking 2,601 square meters (28,000 square feet) of office buildings and 7,618 square meters (82,000 square feet) of space south of Mumbai, 1.5 km from its center. The office building in Fortis, Mumbai, and/or BKC.

Real estate services and a 30-year lease will be reviewed by the RBI, the report added.

According to ANAROCK Research, Anuj Puri, chairman of real estate consultants ANAROCK, said that the area available in BKC is approximately 8.7 million square feet, of which 8-10 percent remained vacant.

In the Central Business District (CBD), the total open area is nearly 2.1 million square feet, of which 10 to 12 percent remained unemployed, he said.

Karan Singh Sodi, director of regional management of India, JLL, said these small markets (formerly CBD / Fort and new CBD / BKC) are hungry for all the things that can fulfill these requirements. Because little. Class A offices meet these requirements.

Fees for Class A offices in the old CBD area are Rs 25,000-50 on paper. However, looking at the new CBD (BKC), there are many classes to achieve this. BKC’s small market is $ 45-65 million on paper, ”he said.

Since the BKC’s agrarian reform is under the jurisdiction of the Metropolitan Region Development Council (MMRDA), the development of this small market is highly regulated, prosecuted, and legally authorized, Sodi said.

The Reserve Bank of India was established on April 1, 1933, following the provisions of the Reserve Bank of India Act, 1934.

The central bank of the Reserve Bank was established in Kolkata but permanently moved to Mumbai in 1937. The Central Office is the President and the Assembly of the Assembly.

Although an independent state, the reserve bank has been owned by the Government of India since it entered 1949.

The RBI has 27 regional offices, most of which are state and four offices.

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