Tata Digital Seals Major 58,668 Sq. Ft. Lease at One International Centre in Mumbai
Tata Digital has signed a significant commercial lease for 58,668 sq. ft. at One International Centre in Mumbai's Lower Parel, marking one of the largest Grade-A commercial leases in the city this year.
Tata DigitalOne International CentreMumbai Real EstateCommercial LeaseLower ParelReal EstateMay 30, 2025
The leased premises include units 1501-02, 1601-03, and 1702-03 across the 15th, 16th, and 17th floors. The monthly rent is set at ₹1,05,60,235, which translates to ₹180 per sq. ft. The agreement includes a substantial security deposit of ₹7,07,53,572.
The license agreement is for a tenure of 60 months, commencing on February 1, 2025. However, Tata Digital will enjoy a rent-free period from the commencement date until July 15, 2025. The rent will become payable from July 16, 2025. An annual escalation clause will increase the rent by 5% every year during the lease term.
In addition to the rent, Tata Digital will bear monthly common area maintenance (CAM) charges of ₹21 per sq. ft., which amounts to approximately ₹12.3 lakh per month. The agreement also includes 49 dedicated car parking slots, for which an additional ₹4.9 lakh per month will be charged at ₹10,000 per parking space.
This significant lease agreement underscores the growing importance of Mumbai's Lower Parel as a prime location for corporate offices, especially for tech companies like Tata Digital. The strategic location of One International Centre, with its modern amenities and connectivity, makes it an attractive choice for businesses looking to establish a strong presence in the city.
Tata Digital, a key player in the tech and digital transformation space, is expanding its footprint in Mumbai to meet the growing demand for its services. The new office will serve as a hub for its operations, accommodating a growing workforce and facilitating collaboration with other tech companies in the area.
The lease agreement not only highlights the robust commercial real estate market in Mumbai but also reflects the confidence that major corporations have in the city's infrastructure and business environment. As Tata Digital continues to grow, this new office space will play a crucial role in supporting its expansion and innovation efforts.
For more information about One International Centre and its amenities, visit their official website or contact the leasing office directly. The centre is known for its state-of-the-art facilities, including high-speed internet, 24/7 security, and a range of dining and retail options, making it an ideal location for businesses of all sizes.
Frequently Asked Questions
What is the size of the leased space?
The leased space is 58,668 sq. ft. spread across three floors in Tower 1 of One International Centre.
What is the monthly rent for the leased space?
The monthly rent is ₹1,05,60,235, which translates to ₹180 per sq. ft.
When does the lease term start and end?
The lease term starts on February 1, 2025, and ends on January 31, 2030.
What additional charges are included in the lease agreement?
The lease agreement includes monthly common area maintenance (CAM) charges of ₹21 per sq. ft. and 49 dedicated car parking slots at ₹10,000 per parking space.
What is the rent-free period mentioned in the lease?
The rent-free period is from February 1, 2025, to July 15, 2025.
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