Archive · 28 May 2025
AU Small Finance Bank Buys Mumbai Tower for ₹371 Crore
A bank called AU Small Finance Bank bought a building in Mumbai for a lot of money.
The building is called Bandra Vishwas Tower and has 11 floors.
The bank bought it from a construction company.
The deal cost 371 crore rupees, and the bank also paid about 22 crore rupees in taxes.
The building used to be rented by another company, but now the bank will use it as their main office.
It's located in Bandra, a part of Mumbai.
This means the bank now owns the whole building.
AU Small Finance Bank purchased Bandra Vishwas Tower in Mumbai for Rs 371 crore.
The 11-story building is located near the western express highway in Bandra (East).
The property was bought from Earthworth Constructions, a developer owned by Samir Bhojwani.
The agreement was registered on Tuesday with a stamp duty of Rs 22.26 crore.
AU Small Finance Bank plans to use the tower as its new corporate headquarters.
- Who
- AU Small Finance Bank purchased the tower from Earthworth Constructions.
- What
- AU Small Finance Bank purchased Bandra Vishwas Tower for Rs 371 crore.
- When
- The agreement was registered on Tuesday.
- Where
- The building is located in Bandra (East), Mumbai.
- Why
- AU Small Finance Bank will use it as its new corporate headquarters.
- Buyer
- AU Small Finance Bank
- Seller
- Earthworth Constructions
- Property
- Bandra Vishwas Tower
- Location
- Bandra (East), Mumbai
- Sale Price
- Rs 371 crore
- Stamp Duty
- Rs 22.26 crore
- Former Tenant
- United Phosphorus Ltd (UBL)