Tata Group’s digital business entity Tata Digital has leased nearly 59,000 sq ft office across three floors of a commercial tower in Mumbai’s Lower Parel for a five-year term.
The company will be paying monthly rentals of Rs 1.05 crore and common area maintenance (CAM) charges of Rs 12.32 lakh, translating to a blended outgo of around Rs 1.18 crore per month.
The agreement includes a clause to escalate rentals by 5% every year. Tata Digital is entitled to a rent-free period from February 1 to July 15, 2025, with the license fee becoming payable from July 16, showed the documents accessed through CRE Matrix.
The deal covers units across 15th, 16th, and 17th floors of one of the towers of One International Centre. The transaction was registered on March 17 and the lease commencement date is February 1.
The tenant has paid a security deposit of Rs 7.07 crore for the transaction. The deal also includes the provision of 49 car parks, with additional slots charged at Rs 10,000 per month each.
ET's email query to Tata Digital and the property owner Nucleus Office Parks remained unanswered until the time of going to press.
India’s office leasing activity has remained resilient in 2025, driven by strong demand from global capability centers (GCCs), In line with this, the country’s top business districts are witnessing a steady and sustained rise in demand for front offices.
The company will be paying monthly rentals of Rs 1.05 crore and common area maintenance (CAM) charges of Rs 12.32 lakh, translating to a blended outgo of around Rs 1.18 crore per month.
The agreement includes a clause to escalate rentals by 5% every year. Tata Digital is entitled to a rent-free period from February 1 to July 15, 2025, with the license fee becoming payable from July 16, showed the documents accessed through CRE Matrix.
The deal covers units across 15th, 16th, and 17th floors of one of the towers of One International Centre. The transaction was registered on March 17 and the lease commencement date is February 1.
The tenant has paid a security deposit of Rs 7.07 crore for the transaction. The deal also includes the provision of 49 car parks, with additional slots charged at Rs 10,000 per month each.
ET's email query to Tata Digital and the property owner Nucleus Office Parks remained unanswered until the time of going to press.
India’s office leasing activity has remained resilient in 2025, driven by strong demand from global capability centers (GCCs), In line with this, the country’s top business districts are witnessing a steady and sustained rise in demand for front offices.
