Tata Digital Secures Major Lease for 58,668 Sq. Ft. at One International Centre in Mumbai
Tata Digital has signed a significant commercial lease for 58,668 sq. ft. of office space at One International Centre in Lower Parel, Mumbai. This marks one of the largest Grade-A commercial leases in Mumbai’s central business district for 2025.
Mumbai Real EstateTata DigitalOne International CentreCommercial LeaseLower ParelReal Estate NewsMay 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, translating to ₹180 per sq. ft., with 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, with the rent becoming 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.
One International Centre, located in Lower Parel, is a prime Grade-A commercial property known for its modern amenities and strategic location in Mumbai’s central business district. The building offers state-of-the-art facilities, including high-speed elevators, 24/7 security, and advanced communication systems. This lease agreement underscores the confidence of major corporations like Tata Digital in the real estate market of Mumbai, particularly in the lower Parel area, which is rapidly evolving into a hub for technology and business services.
Frequently Asked Questions
What is the total area leased by Tata Digital at One International Centre?
Tata Digital has leased a total area of 58,668 sq. ft. at One International Centre.
How much is the monthly rent for the leased space?
The monthly rent for the leased space is ₹1,05,60,235, which translates to ₹180 per sq. ft.
What is the security deposit required for the lease?
The security deposit required for the lease is ₹7,07,53,572.
When does the rent-free period end for Tata Digital?
The rent-free period for Tata Digital ends on July 15, 2025.
How many dedicated car parking slots are included in the lease?
The lease includes 49 dedicated car parking slots, for which an additional ₹4.9 lakh per month will be charged.
Related News Articles
Maharashtra's Real Estate Market Sees Upsurge in Property Registrations
Maharashtra's real estate market experiences a boost in property registrations and revenue despite unchanged RR rates, indicating a shift towards high-value transactions.
Top Stock Picks for Short-Term Gains: Bajaj Finserv, HDFC Life, HDFC Bank, and LIC Housing Finance
Market tech analysts Soni Patnaik, Mitessh Thakkar, and F&O analyst Rajesh Palviya recommend these stocks for short-term gains.
3 Financial Stocks Show Promise, Real Estate Overhyped: Samir Arora
Samir Arora, Founder of Helios Capital, highlights the potential of some NBFCs and microfinance companies, while expressing concerns about the real estate sector being overdone. He believes that HDFC Bank, Kotak Bank, and Bajaj Finance, which have underpe
NBT Office Relocation and Pune Book Festival Expected to Draw 7.5 Lakh Visitors
The National Book Trust (NBT) is set to shift its office to the city, a move that coincides with the highly anticipated Pune Book Festival. The festival, expected to attract 7.5 lakh visitors, is a significant cultural event that showcases a wide array of
Metro Brands Promoters Acquire Five Luxury Apartments in Mumbai's Worli for ₹405 Crore
The promoters of footwear retailer Metro Brands have made a significant investment in Mumbai's luxury real estate market by purchasing five apartments in the Worli area for ₹405 crore. These apartments are located in one of the city's tallest buildings, P
Maharashtra Real Estate: Majority of Developers Update Project Details for MahaRERA Compliance
A significant number of real estate developers in Maharashtra have taken steps to improve their compliance with the Maharashtra Real Estate Regulatory Authority (MahaRERA) by updating their project details. This move reflects a growing commitment to trans