Tata Chemicals to occupy office space at Lodha Excelus
Lodha Group has announced its deal with Tata Chemicals that operates in the sectors of consumer products, industry chemicals, agri-solutions and nutraceuticals and will occupy 1 full floor at Lodha’s new Business complex – Lodha Excelus at New Cuffe Parade (NCP) in Wadala.
Tata Chemicals, which is a publicly listed company (on BSE and NSE) and is a part of the over US$ 100 billion Tata Group, becomes the third company to choose NCP and shift its base from Kala Ghoda. Earlier Tata’s retail firm Trent and GMM Pfaudler were the other companies who chose to shift their base to NCP from existing business districts, thus exhibiting an immense interest from leading corporates to opt for a new business location that fulfills all the requirements for a holistic office solution space.
The trend initiated by major corporates to shift their offices to the Eastern part of Mumbai reaffirms the positive outlook of this location in the days to come. Earlier, BKC and Lower Parel were preferred business districts but post the saturation in these areas, NCP is rising as a prominent location in the city with rapid development of transport infrastructure and housing.
Located in the heart of the island city, NCP is at a close proximity from Bandra Kurla Complex (BKC) and the Mumbai Airport. The location also enjoys good connectivity to other parts of the city due to presence of monorail, railway and robust road transport. Planned infrastructure developments in the days to come like Bandra Kurla Complex (BKC) connector which is expected to be operational by June 2019, extension of the Eastern Freeway, and extension of the monorail operations will further strengthen connectivity from this location.
Integrated developments that are rapidly coming up in this location are also becoming an attraction for new age dwellers as they promote walk to work culture.
Commenting on the deal, Mr. Shaishav Dharia, Regional CEO, Lodha Group said: “We are extremely pleased to have Tata Chemicals as our client at Lodha Excelus, New Cuffe Parade. This is our second deal with the Tata Group after Trent. The company will be operating from a world class office that shall provide the best working environment and amenities for its employees. With booming infrastructure development in the location, and with its proximity to Mumbai Airport and BKC, we are confident that NCP will prove to be one of the most successful business locations in Mumbai.”
Lodha Excelus at New Cuffe Parade, is part of a mixed-use development spread over 23 acres and encompassing 10 residential and 3 commercial towers. The Lodha Offices portfolio comprises three brands i.e. Lodha Excelus, front offices for large corporates, Lodha Supremus, boutique offices for growing businesses and iThink by Lodha for back office spaces with particular focus on IT/ITES sector.
Lodha Group offers world-class office spaces built with cutting-edge design to deliver exceptional levels of occupier well-being, environmental sustainability and collaborative work environments. Lodha Group has total of 2.5-3 million sq. ft. office space planned across three towers including the first completed tower.