Tata Investment Corporation Acquires Two Office Spaces in Mumbai’s Wadala for ₹148 Crore
Tata Investment Corporation has made a significant move in the Mumbai real estate market by purchasing two office spaces in the prestigious Lodha Excelus building.
Mumbai Real EstateTata Investment CorporationLodha ExcelusWadalaCommercial PropertyReal Estate MumbaiJan 23, 2025
The transaction, valued at ₹148 crore, includes office spaces totaling 42,743 sq ft.
According to property registration documents accessed by CRE Matrix, the purchase was registered on January 10, 2025, with a stamp duty of ₹8.88 crore paid.
The two office spaces are situated on the 17th and 22nd floors of the Lodha Excelus building.
The 17th floor office space measures 21,441 sq ft and comes with 28 car parking spaces.
It was acquired for ₹74.24 crore.
The 22nd floor office space, measuring 21,302 sq ft, has 35 car parking spaces and was purchased for ₹73.75 crore.
Together, the spaces offer a total of 63 car parking spaces.
The office building, Lodha Excelus, is part of the larger Lodha New Cuffe Parade township project developed by Macrotech Developers, also known as Lodha Group.
Wadala is a strategic location with excellent connectivity to key areas such as the Bandra Kurla Complex (BKC), South Mumbai, and the western and eastern suburbs.
It also offers convenient access to highways and the Atal Setu, facilitating travel to Ulwe, Panvel, Navi Mumbai, and beyond.
The acquisition by Tata Investment Corporation underscores the growing interest in Wadala as a potential second business district in Mumbai.
The Mumbai Metropolitan Region Development Authority (MMRDA), which is the Special Planning Authority (SPA) of BKC, has been working on plans to transform the Wadala Truck Terminal (WTT) into the city’s third central business district (CBD).
Despite the significant transaction, Tata Investment Corporation did not respond to an email query regarding the purchase.
Similarly, NCP Commercial Pvt Ltd, the seller, could not be reached for comment.
This move by Tata Investment Corporation is expected to further enhance the吸引力 of Wadala as a prime business location in Mumbai.
Information on Tata Investment Corporation
Tata Investment Corporation is a leading investment management firm part of the Tata Group, one of India's largest and most respected business conglomerates.
The firm focuses on strategic investments across various sectors, including real estate, to drive economic growth and development.
With this acquisition, Tata Investment Corporation continues to solidify its presence in the Mumbai real estate market, positioning itself for long-term success in a rapidly evolving urban landscape.
Information on Macrotech Developers (Lodha Group)
Macrotech Developers, commonly known as Lodha Group, is a leading real estate developer in India.
Founded in 1985, the group has a strong presence in major cities across the country, with a focus on premium residential and commercial projects.
The Lodha New Cuffe Parade project is one of their flagship developments, aimed at creating a modern, sustainable, and integrated township in the heart of Mumbai.
Frequently Asked Questions
What is the total area of the office spaces acquired by Tata Investment Corporation in Wadala?
The total area of the office spaces acquired by Tata Investment Corporation in Wadala is 42,743 sq ft.
How much did Tata Investment Corporation pay for the office spaces in Lodha Excelus?
Tata Investment Corporation paid ₹148 crore for the office spaces in Lodha Excelus.
What is the name of the building where the office spaces were purchased?
The office spaces were purchased in the Lodha Excelus building, part of the Lodha New Cuffe Parade township project.
Who is the developer of the Lodha Excelus building?
The Lodha Excelus building is developed by Macrotech Developers, also known as Lodha Group.
What is the strategic significance of the Wadala area in Mumbai's real estate market?
Wadala is strategically significant due to its excellent connectivity to key areas such as the Bandra Kurla Complex (BKC), South Mumbai, and the western and eastern suburbs. It is also being considered for development as the city’s third central business district (CBD).
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