Tata Investment Corp Acquires Prime Office Space in Mumbai's Wadala for ₹148 Crore
The agreements were registered on January 10, 2025, marking a significant deal in Mumbai’s real estate sector, according to documents accessed by CRE Matrix - A Real Estate Data Analytics Firm.
Mumbai Real EstateCommercial PropertiesTata Investment CorpNew Cuffe ParadeWadalaReal Estate MaharashtraJan 23, 2025
This strategic move, registered on January 10, 2025, has been a notable transaction in the city’s real estate market, according to documents reviewed by CRE Matrix, a leading real estate data analytics firm.
The properties, both sold by NCP Commercial Pvt Ltd, include the entire 22nd floor and 17th floor of Lodha Excelus.
The total value of the transaction stands at a substantial ₹148 crore.
The 22nd floor, which spans a carpet area of 21,302 square feet, was acquired for ₹73.75 crore, with a stamp duty of ₹4.42 crore.
This property also includes 35 dedicated car parking spaces, making it an ideal choice for corporate needs.
Similarly, the 17th floor, covering a carpet area of 21,441 square feet, was purchased for ₹74.24 crore, with a stamp duty of ₹4.45 crore.
This floor comes with 28 car parking spaces, further enhancing its appeal.
This acquisition reflects the growing demand for premium office spaces in Mumbai, especially in high-end locations like New Cuffe Parade.
The transaction underscores the strategic investments being made by Tata Investment Corp Ltd to secure prime real estate assets in the city.
New Cuffe Parade, a rapidly developing commercial hub, is known for its premier office spaces and attractive amenities.
This area has seen significant development in recent years, making it a preferred location for businesses looking to establish a strong presence in Mumbai.
Tata Investment Corp Ltd, a subsidiary of the Tata Group, is a leading investment management company with a diverse portfolio of real estate, infrastructure, and other strategic assets.
The company’s focus on acquiring premium properties aligns with its goal of creating long-term value for its stakeholders.
With this acquisition, Tata Investment Corp Ltd further strengthens its position in Mumbai’s real estate market, signaling its confidence in the city’s growth potential and the demand for high-quality office spaces.
Frequently Asked Questions
What properties did Tata Investment Corp Ltd acquire in Wadala?
Tata Investment Corp Ltd acquired the 22nd and 17th floors of Lodha Excelus, located in New Cuffe Parade, Wadala, Mumbai.
What is the total value of the transaction?
The total value of the transaction is ₹148 crore.
What is the carpet area of the 22nd floor?
The 22nd floor spans a carpet area of 21,302 square feet.
How many car parking spaces does the 17th floor include?
The 17th floor includes 28 car parking spaces.
What is the significance of the New Cuffe Parade area in Mumbai?
New Cuffe Parade is a rapidly developing commercial hub in Mumbai, known for its premium office spaces and attractive amenities, making it a preferred location for businesses.
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