Tata Digital Leases 59,000 Sq Ft Office Space in Mumbai’s Lower Parel for ?1.18 Crore Monthly

Tata Digital Leases 59,000 Sq Ft Office Space in Mumbai’s Lower Parel for ?1.18 Crore Monthly

Tata Digital Leases 59,000 Sq Ft Office Space in Mumbai’s Lower Parel for ?1.18 Crore Monthly

Tata Digital, the digital business entity of the Tata Group, has secured a long-term lease for nearly 59,000 sq ft of office space across three floors in Mumbai’s Lower Parel. The office is in the One International Centre, a prominent commercial tower in one of Mumbai’s key business districts. The five-year lease agreement includes a monthly rental of 1.05 crore, with an additional 12.32 lakh for common area maintenance (CAM), resulting in a total monthly outgoing of approximately 1.18 crore.

The agreement also features an annual rental escalation clause of 5%. Tata Digital will enjoy a rent-free period from February 1 to July 15, 2025, with the license fee becoming payable from July 16, 2025.

The leased space includes units across the 15th, 16th, and 17th floors of the One International Centre. Tata Digital has also arranged for 49 car parking spaces with the lease, with additional parking slots available for 10,000 per month each. A security deposit of 7.07 crore has been paid by Tata Digital for the transaction. The deal marks a significant development in the office leasing market, which has shown resilience in 2025, driven by sustained demand from global capability centres (GCCs) and increasing demand for premium office spaces in top business districts.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/