+
Tata AIA Leases 98,671 Sq Ft Office In Thane
ROADS & HIGHWAYS

Tata AIA Leases 98,671 Sq Ft Office In Thane

Tata AIA Life Insurance Company Limited has taken on lease an office of 98,671.09 sq ft on the 15th floor of Centaurus at Hiranandani Estate on Ghodbunder Road in Thane near Mumbai. The transaction was registered on July 31, 2026, with owner Roma Builders Private Limited, part of the House of Hiranandani Group managed by Surendra Hiranandani. The lease term is nine years and 11 months, commencing from 1 March 2026, and the registered total rent was Rs910 million (mn).

The company will pay a monthly rent of Rs6.71 mn, equivalent to about Rs68 per sq ft on the chargeable area, with rental payments beginning from 1 November 2026 after an eight-month fit-out period that runs from 1 March to 31 October 2026. The arrangement therefore allows the tenant time to prepare and customise the premises before rentals commence. The agreement includes 100 dedicated car parking spaces.

The lease provides for a five per cent annual escalation in rent. Based on the registered monthly rent and the stated escalation structure, the total base rent over the 119-month lease would be approximately Rs1.0023 billion (bn). In addition to rent, common area maintenance charges are set at Rs10 per sq ft per month, which translates to a monthly CAM outgo of roughly Rs0.987 mn based on the chargeable area. The agreement carries a security deposit of Rs67.1 mn, reported as about ten months of the initial monthly rent.

Harsh Hiranandani, director at the House of Hiranandani, said the developer was pleased to add Tata AIA to its roster of clients and that Centaurus had been designed to meet the scale, efficiency and digital needs of modern businesses, with a focus on intelligent and sustainable commercial spaces. Tata AIA did not respond to requests for comment. The deal underscores continued demand for large Grade A office assets in the Mumbai metropolitan region.

Tata AIA Life Insurance Company Limited has taken on lease an office of 98,671.09 sq ft on the 15th floor of Centaurus at Hiranandani Estate on Ghodbunder Road in Thane near Mumbai. The transaction was registered on July 31, 2026, with owner Roma Builders Private Limited, part of the House of Hiranandani Group managed by Surendra Hiranandani. The lease term is nine years and 11 months, commencing from 1 March 2026, and the registered total rent was Rs910 million (mn). The company will pay a monthly rent of Rs6.71 mn, equivalent to about Rs68 per sq ft on the chargeable area, with rental payments beginning from 1 November 2026 after an eight-month fit-out period that runs from 1 March to 31 October 2026. The arrangement therefore allows the tenant time to prepare and customise the premises before rentals commence. The agreement includes 100 dedicated car parking spaces. The lease provides for a five per cent annual escalation in rent. Based on the registered monthly rent and the stated escalation structure, the total base rent over the 119-month lease would be approximately Rs1.0023 billion (bn). In addition to rent, common area maintenance charges are set at Rs10 per sq ft per month, which translates to a monthly CAM outgo of roughly Rs0.987 mn based on the chargeable area. The agreement carries a security deposit of Rs67.1 mn, reported as about ten months of the initial monthly rent. Harsh Hiranandani, director at the House of Hiranandani, said the developer was pleased to add Tata AIA to its roster of clients and that Centaurus had been designed to meet the scale, efficiency and digital needs of modern businesses, with a focus on intelligent and sustainable commercial spaces. Tata AIA did not respond to requests for comment. The deal underscores continued demand for large Grade A office assets in the Mumbai metropolitan region.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Emiza Expands Bhiwandi Fulfilment Capacity by 2.32 Lakh Sq Ft

Emiza, a leading third-party logistics (3PL) provider, has expanded its Mumbai operations with the launch of two new fulfilment facilities in Bhiwandi, adding a combined capacity of 2.32 lakh sq ft to its network.The new facilities, spread across 75,000 sq ft and 1,57,000 sq ft, mark Emiza’s fifth and sixth warehouses in the Mumbai region. The expansion strengthens the company’s fulfilment infrastructure in Western India amid the rapid growth of India’s digital commerce ecosystem.With increasing online consumption, wider product categories and rising customer expectations for faster deli..

Next Story
Infrastructure Urban

Ingersoll Rand Showcases Air Solutions for Semiconductor Sector

Ingersoll Rand will showcase its advanced compressed air solutions for India’s growing semiconductor ecosystem at SEMICON India 2026, scheduled from September 17–19 at Yashobhoomi, New Delhi.The company will display its portfolio of oil-free compressors, centrifugal compression technologies and advanced air treatment systems at Stall No. 1156, Hall No. 1. The solutions are designed to address the stringent air quality, reliability and efficiency requirements of semiconductor manufacturing applications.With India accelerating investments across semiconductor manufacturing, packaging, equipm..

Next Story
Infrastructure Energy

RECPDCL Transfers Musalgaon Transmission SPV to MSETCL

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has handed over Musalgaon Power Transmission Limited, a project-specific Special Purpose Vehicle (SPV), to Maharashtra State Electricity Transmission Company Limited (MSETCL).MSETCL emerged as the successful bidder through the Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for developing Maharashtra’s intra-state transmission project on a Build, Own, Operate and Transfer (BOOT) basis.The SPV was handed over by Shri Ratnesh Kumar, General Manag..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code