Navi Mumbai’s commercial real estate market has recorded a significant corporate lease as HERE Solutions India Pvt Ltd, the Indian subsidiary of global location data and technology company HERE Technologies, acquired approximately 2.1 lakh sq. ft. of office space at Mindspace Airoli West (Gigaplex). The long-term agreement, spanning over a decade, highlights the continued demand for institutional-grade office infrastructure in strategic suburban nodes.
The leased area encompasses parts of the fourth, eighth, and ninth floors of the business park, amounting to around 1,45,983 sq. ft. of carpet space and 2,08,547 sq. ft. of chargeable area. Terms of the lease include structured monthly rentals linked to chargeable space, annual escalations, and a substantial security deposit. Dedicated parking and consolidated floor plates further enhance the operational convenience for the tenant, reflecting the planning and strategic intent behind large-scale corporate occupancy. Industry observers note that Navi Mumbai’s Grade A business parks, including Mindspace, continue to attract technology, data, and services companies seeking quality infrastructure with strong connectivity to the Mumbai Metropolitan Region. The Mindspace Airoli West complex is home to a diverse tenant mix across IT services, fintech, and tech platforms, positioning it as a preferred hub for national and multinational firms.
The HERE Solutions lease underscores broader trends in the regional office leasing market, where long-term commitments are increasingly valued by corporate occupiers seeking predictable occupancy costs and operational stability. Urban planners and real estate analysts highlight that suburban nodes like Airoli are benefiting from proximity to transport corridors, lower congestion compared with Mumbai’s island city, and access to a growing talent pool, factors that support sustainable corporate expansion. Market insiders also point out that large, consolidated leases have continued to dominate Navi Mumbai’s leasing activity in 2025, reflecting occupiers’ preference for scalable office layouts that can accommodate growth without fragmentation. This trend is aligned with the city’s wider strategy of decentralising commercial activity, easing pressure on central Mumbai, and promoting balanced urban development.
The agreement further reinforces Navi Mumbai’s emergence as a key office destination within the Mumbai Metropolitan Region. As demand for quality commercial space continues to rise, major business parks are expected to remain critical nodes for corporate growth, attracting further investments in sustainable, energy-efficient office infrastructure. HERE Solutions’ decision to expand in Mindspace Airoli West exemplifies the synergy between corporate strategy, regional connectivity, and urban development planning.
HERE Solutions Secures Large Office Space Navi Mumbai
