RBI on the lookout for additional office space in Mumbai

The Reserve Bank of India (RBI) is looking for additional office space in the financial capital near its head office in South Mumbai, or in the Bandra Kurla Complex area. According to the RBI, it wants office space with a size of 2,601 to 7,681 square metres, for which it has issued a Request for Proposals (RFP) for "outright purchase of office premises” in Mumbai. The central bank "intends to purchase vacant and peaceful possession of office space having clear and marketable title, for its use in south Mumbai and/or in Bandra Kurla Complex (BKC) area near to its existing establishments…,” the RFP document said. As per the RFP, the RBI is looking for office premises with minimum 2,601 sq/mtr (28,000 sq/ft) and maximum 7,618 sq/mtr (82,000 sq/ft) carpet area located in south Mumbai within a radius of 1.5 km from its Central Office Building in Fort, Mumbai and/or in BKC. Offers of property situated on leasehold land with residual lease period at least 30 years will also be considered by the RBI, the document added. The RBI has 27 regional offices, most of them in state capitals and 4 sub-offices.