New Launch - India Real Estate Report 2026.
Tata AIA Life Insurance Company Limited has leased 98,671 sq ft of office space at Centaurus in Hiranandani Estate on Ghodbunder Road, Thane, for a tenure of nine years and 11 months.
The transaction was registered on 31 July 2026 with Roma Builders Private Limited, an entity of the House of Hiranandani Group managed by Surendra Hiranandani, according to property registration documents accessed by CRE Matrix.
The leased space occupies the entire 15th floor of Centaurus, along with 100 car parking spaces.
Lease Terms in Detail
The lease commenced on 1 March 2026. An eight-month fit-out period runs until 31 October 2026, after which rent payments begin from 1 November 2026. Key financial terms:
- Monthly rent: ₹67.1 lakh at approximately ₹68 per sq ft per month (chargeable area)
- Annual rent escalation: 5%
- Total base rent over 119 months: approximately ₹100.23 crore with escalation applied
- CAM charges: ₹10 per sq ft per month approximately ₹9.87 lakh monthly
- Security deposit: ₹6.71 crore (approximately 10 months' initial rent)
- Parking: 100 car spaces included
Tata AIA Life Insurance Company Limited could not be reached for comment at the time of reporting.
Also Read: India Drives 70% of APAC Office Leasing in H1 2026
House of Hiranandani's Response
Harsh Hiranandani, Director of House of Hiranandani, said the group already hosts TCS as a marquee client at Centaurus and described adding Tata AIA to that list as a significant expansion of that association.
He said Centaurus was designed to meet the scale, efficiency and digital needs of modern businesses and described the group's vision as creating intelligent, future-ready and sustainable commercial spaces that shape the workplace of tomorrow.
Thane's Place in Mumbai's Commercial Map
Ghodbunder Road in Thane West has emerged as a preferred destination for large occupiers seeking Grade A office space within the Mumbai Metropolitan Region at meaningfully lower occupancy costs than South Mumbai or Bandra-Kurla Complex.
Hiranandani Estate, with its mixed-use township infrastructure, adds further appeal for tenants who want a self-contained address rather than a standalone office building.
The combination of large floor plates, integrated township amenities and proximity to both the Western and Eastern Express Highways continues to attract occupiers who need significant scale without a central Mumbai price tag.
Also Read: Infineon Leases 6.3 Lakh Sq Ft in Bengaluru for ₹752 Crore
India's Large Office Lease Market in H1 2026
The Tata AIA deal fits inside a broader national trend.
Large office transactions of 100,000 sq ft and above accounted for 28.2 million sq ft of leasing activity across eight leading Indian cities in H1 2026, representing 59% of total office leasing volume of 48.0 million sq ft, according to Knight Frank India.
Bengaluru and Hyderabad led on volume, driven by GCC demand.
For Mumbai's broader commercial market, transactions like the Tata AIA lease in Thane demonstrate that occupier appetite for large, long-term office commitments extends beyond the city's traditional business districts into emerging commercial hubs along the metropolitan fringe.
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