Tata Sons has leased a sea-facing bungalow in Colaba, Mumbai, for a five-year period at a total rental value of Rs 11.07 crore, according to property registration documents accessed by Zapkey. The property, known as “Cabins”, was designed by Ratan Tata and served as his residence in his later years.
As per the leave-and-licence agreement, the bungalow is owned by Ewart Investments, a wholly owned subsidiary of Tata Sons. The company has leased the property to Tata Sons Private Limited with a starting monthly rent of Rs 17.56 lakh.
The lease agreement covers the period from October 2024 to October 2029. Documents show that the transaction was registered on January 12, 2026, while the agreement itself was executed on February 6, 2026. The contract also includes a clause for a 10 percent rent escalation every three years.
Registration records indicate that a stamp duty of Rs 4.63 lakh and a registration fee of Rs 1,000 were paid for the transaction. The property spans around 13,200 square feet of built-up area and includes a basement, ground floor and three upper floors. An interest-free security deposit of Rs 10 crore has been provided as part of the agreement.
The bungalow, also known by the name “Bakhtawar,” has been leased along with several fixtures and furnishings. These include six air conditioners, a portable air conditioner, CCTV cameras, a kitchen chimney, wooden tables, beds, coffee tables, a sofa, cabinets, cupboards and a TV cabinet.
An email query has been sent to Ewart Investments and Tata Sons Private Limited for further clarification, and the report will be updated if a response is received.
“We track thousands of registrations every month, but few carry the symbolic weight of ‘The Cabins’ in Colaba. As the former home of Ratan Tata, this is arguably one of the most iconic residential properties in India. This deal, combined with the state-of-the-art security and infrastructure upgrades we see in the agreement, suggests the property is being prepared for a high-profile occupant, likely continuing its tradition as a residence for the Tata leadership,” said Sandeep Reddy, Co-Founder of Zapkey.
Ratan Tata, chairman emeritus of Tata Sons, passed away in November 2024. During his leadership, the group launched the Tata Nano and expanded Tata Consultancy Services into one of the world’s leading IT companies. He stepped down as chairman in 2012 but later served as chairman emeritus and briefly returned as interim chairman in 2016 during a leadership transition.
Source: Hindustan Times
