Protean eGov Technologies Expands Operations with 68,021 Sq Ft Office Lease in Lower Parel
Protean eGov Technologies has leased 68,021 sq ft of office space at One International Center in Mumbai’s Lower Parel. The office will accommodate over 600 employees. The transaction was facilitated by Colliers India and was finalized in February 2025. The company has not disclosed specific details about the rental terms or the lease duration. One International Center is part of the Nucleus Office Parks portfolio and is situated in Mumbai’s growing business district, making it a strategic choice for corporate expansion.
Protean eGov Technologies, a provider of Digital Public Infrastructure (DPI) services, is expanding its operations to enhance its capabilities in digital governance. The new office space is expected to serve as a hub for its employees, providing a structured environment that supports efficiency and collaboration. The company’s leadership has expressed confidence in the move, seeing it as an opportunity to create a workspace that aligns with their long-term goals. According to Dipali Sheth, Chief Human Resources Officer of Protean eGov Technologies Limited, the office will be instrumental in shaping a work culture that promotes innovation and enables employees to perform effectively.
Colliers India, which played a crucial role in facilitating the transaction, emphasized the importance of aligning corporate real estate needs with business objectives. Arpit Mehrotra, Managing Director of Office Services at Colliers India, highlighted the seamless collaboration involved in the deal and noted that the transaction reflects Colliers' ability to provide tailored real estate solutions. The new office space is positioned to support the company’s growth plans while ensuring a modern and functional work environment for employees.
Mumbai’s commercial real estate market has witnessed significant leasing activity in recent months, with multiple large-scale transactions taking place. The National Payments Corporation of India (NPCI) recently leased 80,732 sq ft of office space in Goregaon for a five-year term, with an annual rent exceeding ₹25 crore. The leased premises are located on the 27th and 28th floors of Oberoi Commerz III, a commercial property developed by Oberoi Realty. The agreement was signed on November 6, with a monthly rent of ₹2.15 crore.
Additionally, HDFC Bank finalized a lease agreement for 2.72 lakh sq ft of office space in Andheri. The lease, signed for a 10-year term, involves a commercial building named R Square, developed by Histyle Retail Pvt Ltd, a subsidiary of Runwal Realty. The bank will pay a monthly rent of ₹6.45 crore, amounting to an annual rent exceeding ₹77 crore. The leasing of large commercial spaces by established organizations indicates a strong demand for premium office locations in Mumbai.
The recent transactions reflect Mumbai’s status as a key business hub, attracting major companies looking to secure office space in well-connected commercial districts. Lower Parel, Goregaon, and Andheri continue to be preferred destinations for businesses seeking large office spaces with modern amenities. Companies in various sectors, including banking, financial services, and digital infrastructure, are making strategic investments in office expansion to support their growth plans.
With Protean eGov Technologies securing a significant office space in One International Center, the company is positioning itself for operational scalability. The lease aligns with its focus on digital public infrastructure and underscores its commitment to fostering an effective workspace for its employees. As Mumbai’s office market continues to attract large leasing deals, the trend of corporate expansion in prime locations is expected to persist in the coming years.
