Axis Bank Buys 200,000 Sq Ft Of Office Space In Mumbai
In one of the largest office property deals in this city, Axis Bank recently bought 200,000 sq ft of space at The Ruby office complex in the Dadar West area for Rs 320 crore, said an executive. The deal was in the previous quarter and at Rs 16,000 a sq ft, said the executive. The Ruby Mills developed the property, a one million sq ft commercial project, in partnership with Rohan Lifescapes. "It could be a structured deal, where Axis Bank could have lent money to the owners of the property in the past," said the executive, adding no broker was involved. An e-mail to Axis Bank did not get a response. Senior executives at The Ruby Mills did not return calls or reply to messages on the subject.