BofA leases 4 lakh sq ft office space in GIFT City: Report

 Bank of America (BofA) has rented almost 4 lakh sq ft of office space from the Savvy Group in Gujarat International Finance Tec-City (GIFT City) for a very long time. 

The tenant contract was executed through BA Continuum India, Bank of America's India auxiliary, and incorporates a reset proviso after at regular intervals, The Economic Times revealed. 

The workplace space incorporates 14 stories of a 24-story assembling, and will have in excess of 3,000 staff working for the venture bank's auxiliaries, the report said. BofA has at first obstructed 1 lakh sq ft, yet later decided to expand it. 

Moneycontrol couldn't freely confirm the story. 

Blessing City, arranged among Ahmedabad and Gandhinagar, is an arising worldwide monetary and IT administrations center. 


Bank of America had not yet reacted when reached by The Economic Times. Insightful Group executive Jaxay Shah declined to remark 

"The exchange has been affirmed by the SEZ authority and was inked a week ago. The bank had before finished around one lakh sq ft space in this structure and has now closed with a sum of almost four lakh sq ft. This is the quickest and greatest extension choice by the bank during the pandemic," a source told the paper.

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