Over the last 12 months, Palava has seen much traction in the banking and financial service sector with India’s leading banks and financial institutions taking up space at Lodha iThink, Palava’s first commercial tower.
Within 12 months of opening, HDFC Bank has expanded from 2 floors to occupy4 floors. Axis Bank, the latest entrant to Palava’s commercial space, has taken up 2 entire office floors. Piramal Capital and Housing Finance has also started its operations in Palava. With the first commercial tower completely occupied and the second tower being OC ready, Palava is garnering a lot of interest from fin-tech companies.
Palava is one of the few transit-oriented developments in India that provides a perfect ground for companies to grow and flourish due to its focus on sustainability, social infrastructure, connectivity and professional talent availability.
Palava is developing a business district for the future in the MMR - one that will provide world-class offices at lower operating cost. By 2025, Palava will have over 7 million sq. ft. of office spaces with over 100,000 working professionals across BFSI, Advanced IT, ITeS, and similar industries.