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Nirlon, JP Morgan sign real estate transaction in Mumbai

06 Dec 2019 Evaluate

Nirlon has signed a long-term leave and license agreement with JP Morgan, the global banking and financial services provider, for premium office space at Nirlon Knowledge Park (NKP) in Mumbai. JP Morgan will take up approximately 1.15 million sq. ft. of office space that is expected to be delivered by the second quarter of 2021.

NKP has a site area of 23 acres and is located on Mumbai’s Western Express Highway in Goregaon. NKP houses some of the top global and Indian corporates with approximately 1.8 million square feet of IT/ITES office space already licensed.

Nirlon makes industrial fabrics, which can be used for applications such as Belting, tarpaulins, grey textiles etc.

Peers
Company Name CMP
Larsen & Toubro 3740.00
Kalpataru Projects 1378.95
NCC 128.70
Rail Vikas Nigam 196.70
KEC International 370.45
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