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ICICI Bank leases office space at ₹9 crore annual rent in Mumbai
ICICI Bank leased 1.29 lakh sq ft of commercial space in Turbhe, Navi Mumbai, for nearly ₹9 crore annually. The lease spans nine years with a 14% rental escalation. Turbhe's commercial appeal grows due to developments like the Navi Mumbai Airport. India's leasing market hit record volumes in 2024, led by Bengaluru.
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