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by Admin
29/07/2025
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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.