Ratan Tata has personally signed on the dotted line (on behalf, it is believed, of a Tata trust) to purchase substantial office space at the Jehangir Wadia Building in South Mumbai.

Tata Sons, the holding company of the Tata group, has bought up a major property in South Mumbai in the second-largest property deal last month. The property, at Cuffe Parade, has been purchased for a sum of Rs 5.22 crore.

In addition, Tata Hydro-Electric, one of the Tata Electric triad of companies, has entered into the month's largest deal, at Rs 5.5 crore. Piem Hotels, which is a Tata group subsidiary of Indian Hotels, theTata group hotels flagship, has also made a purchase at Rs 3.13 crore.

The Tata trust has already bought one property at Jehangir Wadia building in Fort, in Mumbai and according to reliable sources the company in negotiations for a couple of office premises. According to HD Malleshwara, of the Tata Trust says `` the present office premises of the trust at Bombay House is too small so we are buying some additional space for the expansion purposes of the trust.''

MRF is planning to have a second office at Saki Naka. The company already has a corporate office at Poonam Chambers in Worli. They have now purchased additional premises of over 10,000 sq.ft. for new office premises from Columbia Electrical Stampings.

According to a source at MRF the company is planning to utilise the new premises as a sales office for the company.