India, Jan. 28 -- HDFC Bank has leased a 2.72 lakh sq ft commercial space in Mumbai's Andheri area for an annual rent of more than Rs.77 crore, according to property registration documents accessed by CRE Matrix.

According to the documents, 2.72 lakh sq ft (carpet area) has been leased for 10 years in a building named R Square, constructed by a Runwal Realty subsidiary, Histyle Retail Pvt Ltd.

According to the documents, the commercial space has been leased through three separate agreements, under which selected units have been leased on the ground, first, second, third, fourth, fifth and sixth floors.

The monthly rent is Rs.6.45 crore, and the annual rent is over Rs.77 crore with a provision of 15% escalation at the end of 36 months, ...