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HDFC Bank has leased a total of 4 lakh sq ft of office space in Mindspace Business Parks, Airoli West, Navi Mumbai for a contractual value of more than ₹320 crore for 10 years. The lease agreement is spread across two separate deals, totalling 1.97 lakh sq ft and 2.18 lakh sq ft of space. The deal includes a 15% rental escalation provision and the bank plans to use the space for banking back office operations, informational technology, and information technology-enabled services. The location offers excellent connectivity and has become a hub for banking, IT, and technology industries. This is part of the demarcation of the special economic zone (SEZ) space processing area within the Business Park.

Source: https://www.hindustantimes.com/real-estate/hdfc-bank-leases-4-lakh-sq-ft-in-mindspace-business-parks-building-in-navi-mumbai-for-10-years-101733834386431.html