NABARD has acquired leasehold rights to a prominent two-building commercial campus in Mumbai’s Bandra-Kurla Complex from MTNL in a Rs 350.72 crore deal. The property spans nearly two-thirds of an acre with about 43,287 sq ft of built-up area across two buildings. An initial 80-year lease granted in 1998 runs until around April 2078; after MMRDA approvals, NABARD receives the remaining nearly 52 years. Registration in May attracted stamp duty of over Rs 21 crore.
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