Tata Sons Pvt Ltd leased a bungalow named 'Cabins' in Colaba, Mumbai, which is owned by Ewart Investments, as per the leave-and-licence agreement. The sea-facing bungalow of 13,200 sq ft has been leased for a period of five years at a total rent of ₹11.07 crore, according to the property registration documents. Registered on January 12 and finalized on February 6, the five-year lease term is effective from October 2024 to October 2029.

'Cabins', designed by Ratan Tata, is owned by Ewart Investments, a subsidiary of Tata Sons. The property is leased for a starting rent of ₹17.56 lakh per month with a rent escalation of 10% every 3 years. As per the documents, the company paid ₹4.63 lakh for stamp duty and ₹1,000 for the registration of the transaction. The company paid an interest-free security deposit of ₹10 crore.

The built-up area of the property is 13,200 sq ft, covering a ground plus three floors and a basement. The property is leased with multiple fixtures and fittings such as CCTV cameras, wooden tables, six air conditioners, one portable air conditioner, sofa, beds, coffee tables, a kitchen chimney, cabinets, a TV cabinet, cupboards, to name a few.

1. Laxmi Nivas Bungalow

In February 2025, the bungalow named 'Laxmi Nivas', which is located on the Nepean Sea Road, was sold for ₹276 crore. The property's built-up area is approximately 19,891.87 sq ft, including a ground floor plus two floors above, and the rear side of the horizontal floor along with an upper floor. The property owned by Kapadia family was sold to Vageshwari Properties Private Limited.

2. Dwarka Bungalow

The Dwarka bungalow located on Linking Road, Santacruz West was bought by ZYJ Builders and Developers' subsidiary for ₹164 crore. The property spans across 13,629 sq ft, including a ground floor plus a floor above, a garage and auxiliary sheds.

The five-year, ₹11.07 crore lease of the 'Cabins' bungalow by Tata Sons from subsidiary Ewart Investments secures a historic, Ratan Tata-designed property in Colaba, highlighting the high value of premium real estate in Mumbai. This transaction, coupled with recent, significant deals for the Laxmi Nivas and Dwarka bungalows, underscores the enduring demand for heritage properties in elite neighborhoods.