Overview

• The five-year agreement covers 58,668 sq ft across five units on the 15th, 16th and 17th floors of One International Centre’s Tower 1.
• Annual rent tops ₹12 crore, with a starting monthly rate of about ₹1.05 crore and a 5% yearly escalation clause.
• A rent-free period runs through July 15, 2025, after which chargeable rent begins on July 16.
• The deal carries a security deposit exceeding ₹7 crore, fixed common area maintenance charges of ₹21 per sq ft per month and 49 parking slots at ₹10,000 each monthly.
• Tata Digital will vacate its South Mumbai headquarters and complete the move to Lower Parel by the end of July.