NPCI Secures Prime 1.15 Lakh Sq. Ft. Office Space in Mumbai – Find Out Where!

NPCI Leases 1.15 Lakh Sq. Ft. Office Space in Mumbai’s Goregaon

The National Payments Corporation of India (NPCI) has made a significant move by leasing 1.15 lakh square feet of office space in Mumbai’s Goregaon area. This decision underscores the ongoing demand for Grade A commercial real estate in Mumbai, fueled by the presence of top institutions and multinational corporations.

Contextual Overview

In the bustling city of Mumbai, where the demand for commercial real estate is ever-growing, NPCI’s choice to secure office space in Goregaon signals a strategic move to support its operations effectively. With the lease agreement detailing a monthly rental of Rs 2.15 crore and a five-year tenure, NPCI is poised to establish a strong presence in this key business hub.

Key Details

• Location: Oberoi Commerz III, Goregaon East, Mumbai
• Floors: 27th and 28th floors
• Lease Duration: Five years
• Monthly Rent: ₹2.15 crore, with a 15% escalation after three years
• Annual Rent: Over ₹25 crore
• Rent per Sq. Ft.: ₹187 per sq ft

  Strategies and Success Stories

  NPCI’s strategic choice of office locations across India, including Mumbai, Chennai, Hyderabad, and Delhi, reflects its commitment to facilitating seamless digital transactions nationwide. The recent real estate deals in Mumbai, such as Morgan Stanley, Nielsen Media, and Deloitte Shared Services India LLP, further highlight the city’s allure for major corporations seeking prime office spaces.

  Challenges and Opportunities

  While securing Grade A commercial real estate in Mumbai comes with its set of challenges, the opportunities for growth and expansion in this dynamic business landscape are equally enticing. NPCI’s move underscores the importance of strategic real estate decisions for organizations aiming to optimize their operational efficiency and foster innovation.

  Conclusion

  In conclusion, NPCI’s lease of 1.15 lakh sq. ft. office space in Mumbai’s Goregaon exemplifies the ongoing demand for premium commercial real estate in the city. This strategic move positions NPCI to enhance its operational capabilities and support the digital payment ecosystem effectively. As Mumbai continues to attract leading institutions and multinational corporations, the significance of securing Grade A office spaces cannot be overstated.

  Frequently Asked Questions

  1. How much office space did NPCI lease in Mumbai?
     NPCI leased 1.15 lakh square feet of office space in Mumbai’s Goregaon area.

  2. What is the monthly rental NPCI agreed to pay for the leased office space?
     NPCI agreed to pay a monthly rental of Rs 2.15 crore for the office space in Goregaon.

  3. What are the key locations of NPCI’s offices across India?
     NPCI has offices in Mumbai, Chennai, Hyderabad, and Delhi to support its operations.

  4. Why is there a growing demand for Grade A commercial real estate in Mumbai?
     The demand for Grade A commercial real estate in Mumbai is driven by leading institutions and multinational corporations seeking prime office spaces.

  5. What are some recent real estate deals in Mumbai involving major corporations?
     Major corporations like Morgan Stanley, Nielsen Media, and Deloitte Shared Services India LLP have secured office spaces in Mumbai recently.

  6. How does NPCI’s office presence in different cities contribute to its operations?
     NPCI’s offices in various cities enable the organization to manage and operate retail payment and settlement systems efficiently across India.

  7. What does the escalation clause in NPCI’s lease agreement entail?
     The escalation clause in NPCI’s lease agreement stipulates a 15% increase in rentals after three years.

  8. How long is the duration of NPCI’s lease agreement for the office space in Mumbai?
     NPCI’s lease agreement for the office space in Mumbai’s Goregaon area is for five years.

  9. What is the significance of NPCI’s office location choices in different cities?
     NPCI’s choice of office locations in key cities reflects its strategic approach to supporting digital transactions and operations nationwide.

  10. How do real estate decisions impact organizations like NPCI in optimizing their operations?
      Strategic real estate decisions enable organizations like NPCI to enhance operational efficiency, foster innovation, and adapt to evolving business landscapes.

      Tags: NPCI, Mumbai, Commercial Real Estate, Office Space, Goregaon, Real Estate Deals, Grade A, Corporate Leasing