BA Continuum India signs ₹236-crore lease for Powai office
Bank of America’s captive services division, BA Continuum India, has secured over 1.11 lakh sq ft of office space in the commercial tower of Chalet Hotels located in Mumbai’s Powai area through a long-term lease extending nearly 11 years, with a total rental commitment exceeding Rs 236 crore. The lease, which spans two floors of the tower, includes a stepped escalation clause that stipulates a rent increase of 15% on October 1, 2027, and subsequently every three years. According to the lease terms, BA Continuum will start with a monthly rent of Rs 1.43 crore, approximately Rs 129 per sq…