The company has leased the space in commercial tower Cignus Powai, which is a project of K Raheja Corp's hospitality business Chalet Hotels, for a total term of five years. The Tata Son’s subsidiary will be paying rentals of nearly Rs 86 crores through the entire tenure of the lease. The commercial real estate market in India's major cities is transforming due to changing company needs, rapid infrastructural development, and evolving workplace norms, as recent lease deals signal the creation of new hotspots drawing firms and investors.
