Tata Sons Leases Ratan Tata’s Former Home for Rs 17.6 Lakh Monthly Rent

The Tata Group holding company, Tata Sons Ltd, has leased the luxury residential property known as 'The Cabins' or 'Halekai' from its subsidiary Ewart Investments for a starting monthly rent of Rs 17.60 lakh, according to registration documents accessed by Zapkey. The 13,200 square feet property, located in Mumbai's upscale Colaba neighborhood, was the former residence of the late Ratan Tata.

The property, also previously known as 'Bakhtawar,' has been historically associated with the Tata family. Ratan Tata took up full-time residence at the property after stepping away from the chairman's role at Tata Sons in 2012. The property includes a basement, ground, and three upper floors, along with an extensive range of luxury amenities and fixtures.

While the registration date for the agreement was February 6, 2026, the lease was effective from October 10, 2024, and is valid for a five-year period. The rent is set to increase by 10 percent from April 1, 2027. The agreement also includes an interest-free security deposit of Rs 10 crore, as well as a stamp duty of around Rs 4.63 lakh.

Ewart Investments, the Tata Sons subsidiary that owns the property, holds minor stakes in several listed and unlisted Tata Group companies, including Tata Motors, Indian Hotels Company Ltd (Taj Group), Tata Consumer Products, Trent, Tata Investment Corporation, and others. The property is valued at over Rs 150 crore, according to leading market observers.

The building was declared dangerously dilapidated by a unit of the Maharashtra Housing and Area Development Authority (MHADA) in 2004 and was subsequently rebuilt after a plan for the property's reconstruction was approved in 2008.

According to sources familiar with the Tata Group's developments, Ratan Tata was allotted the property on a discretionary basis by the group due to his position as the chairman of Tata Trusts, a role he held until his death in October 2024. Tata redesigned the property with the help of renowned architect Ratan Batliboi.

After his retirement from Tata Sons in 2012, Ratan Tata managed his family office, RNT Associates, through which he invested in numerous startups across sectors such as consumer goods, fashion, and technology. He also returned as interim chairman of Tata Sons after the ouster of Cyrus Mistry in October 2016.

Recent media reports suggest that Noel Tata, the current chairman of Tata Trusts and Ratan Tata's half-brother, may take up residence at 'The Cabins' or 'Halekai.'

'Moneycontrol' has reached out to Tata Sons for confirmation on the deal, its intended use, and the story will be updated once a response is received.

'At Zapkey, we track thousands of registrations every month, but few carry the symbolic weight of 'The Cabins' in Colaba. As the former home of Ratan Tata, this is arguably one of the most iconic pieces of residential real estate in India. This deal, combined with the state-of-the-art security and infrastructure upgrades we see in the agreement, suggests the property is being prepared for a high-profile occupant, likely continuing its tradition as a residence for the Tata leadership,' said Sandeep Reddy, co-founder of Zapkey.

Noel Tata, the chairman of Tata Trusts, currently resides at the Windmere luxury development in the tony Cuffe Parade neighborhood. The units at the property are around 6,000 square feet and were owned by Noel Tata's father-in-law, former Shapoorji Pallonji Group chairman Pallonji Mistry. Pallonji bequeathed the properties at Windmere to his daughters Aloo, who is married to Noel, and to Laila Jehangir, who is based overseas.