ICICI Bank picks up 1.3 lakh sq ft office space in Navi Mumbai's Turbhe

ICICI Bank has secured a long-term lease for four floors totaling over 1.3 lakh sq ft in Navi Mumbai’s Turbhe locality, paying an annual rent of Rs 9 crore. The lease agreement includes a 14% rental rate escalation every three years and an 18-month lock-in period. Navi Mumbai continues to grow as a commercial office hub.