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Pristine Landmark Acquires Strategic Land Parcel in Pune’s Vadgaon Sheri

Pristine Landmark Pune land deal

Pune’s land market is heating up once again, with developers stepping up land acquisitions in high-growth micro-markets. According to documents accessed by CRE Matrix, Pristine Landmark Spaces LLP has signed a deal to acquire a large 4.2-acre land parcel in Vadgaon Sheri for ₹250 crore. The transaction reflects growing developer confidence in locations backed by office demand, infrastructure connectivity, and steady residential absorption.

Key Deal Highlights

Pristine Landmark Spaces LLP has signed an agreement to acquire a 4.2-acre land parcel in Pune’s Vadgaon Sheri for ₹250 crore. The agreement was registered on February 4, with stamp duty of ₹17.5 crore paid on the transaction. Kumar City Co-operative Housing Society Ltd. is the seller in the deal.

Strategic Impact of the Acquisition

The land acquisition strengthens Pristine Landmark’s presence in Pune. It supports long-term development plans in the city. Vadgaon Sheri offers access to major employment hubs. The location also provides proximity to the airport and key business districts. Such areas continue to attract developer interest. The deal reflects a focused and future-ready growth strategy.

Why Vadgaon Sheri Remains a Key Micro Market

Vadgaon Sheri has evolved into a well-established residential zone in East Pune. It benefits from direct access to Nagar Road and nearby commercial districts. The area is close to major IT and business hubs. Social infrastructure has also improved over time. Schools, healthcare, and retail options are easily accessible. These factors continue to support steady residential demand. Developers see long-term value in this micro market.

Pune Real Estate Market Outlook

Pune continues to stand out as a stable and high-performing real estate market. Demand remains driven by strong employment growth. The city has a deep base of IT and manufacturing companies. Infrastructure upgrades are improving connectivity across key corridors. Homebuyers continue to show long-term confidence. Developers are actively securing land in prime locations. These trends point toward sustained and balanced growth for the city.

Recent Transactions

Recent land deals in Pune point to a clear shift in developer strategy. With demand holding firm and supply staying disciplined, builders are actively securing large parcels across key growth corridors, signalling confidence in the city’s long-term residential and mixed-use development prospects.

In a recent transaction, Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, purchased a 7.43-acre land parcel in Mahalunge near Pune’s thriving Hinjewadi IT hub.

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Bollywood Actor Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Ishaan Khattar Buys ₹29.37 Cr Luxury Apartment in Pali Hill

Mumbai’s luxury housing market has recorded another celebrity transaction. Bollywood actor Ishaan Khattar has purchased a premium apartment in Pali Hill, Bandra, for ₹29.37 crore. Property registration documents accessed by CRE Matrix confirm the deal. The transaction once again underlines Pali Hill’s position as one of Mumbai’s most sought-after luxury residential micro-markets.

Deal Snapshot: Key Details

Ishaan Khattar has acquired a luxury apartment at Navroz Apartments in Bandra’s prime Pali Hill neighbourhood, under the Navroze Premises Co-operative Society. Kapil M Mahtani sold the property, and the transaction was registered on February 5, 2026. The apartment measures 2,989.05 sq ft in carpet area and comes with four parking spaces. As per the documents, Khattar paid ₹1.76 crore as stamp duty for the transaction.

Why Pali Hill Attracts Bollywood Stars

Pali Hill remains one of Mumbai’s most prestigious residential addresses. The neighbourhood continues to attract celebrities, business leaders, and high-net-worth individuals seeking exclusivity and privacy. Luxury apartments in this micro-market command premium pricing, with rates ranging between ₹80,000 and ₹1.30 lakh per sq ft. Limited supply and sustained demand keep values firm across market cycles.

Bandra’s strategic location adds to its appeal for the film fraternity. Pali Hill offers convenient access to major film production hubs in Andheri, Versova, Juhu, and Goregaon Film City. This proximity reduces commute time for actors and production teams and enhances lifestyle convenience. The location advantage continues to make Bandra a preferred residential base for Bollywood professionals.

Pali Hill’s Star-Studded Resident List

For decades, Pali Hill has served as Bollywood’s most recognisable celebrity enclave. Several leading film personalities own homes in the area, reinforcing its premium brand value. Notable residents include Shah Rukh Khan, Aamir Khan, Ranbir Kapoor, Alia Bhatt, Dilip Kumar, Jackie Shroff, and Sanjay Dutt. The concentration of high-profile residents sustains the locality’s aspirational appeal.

Recent Transactions

Mumbai’s luxury housing segment continues to record high-value buying and selling activity. Recent transactions show sustained appetite for prime assets, even as some owners monetise long-held properties. Celebrity deals, in particular, reflect confidence in premium micro-markets and reinforce their pricing power.

In a recent transaction, Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore. In another transaction, popular comedian Bharti Singh has sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore.

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Suzlon Vice Chairman Girish Tanti’s Wife Buys Rs 123.5 Crore Luxury Home in Worli

Radha Tanti Buys Rs 123.5 Crore Luxury Apartment in Worli Mumbai

Mumbai’s ultra-luxury home market continues to experience historic transactions, indicating strong demand at the upper end. Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, has purchased a premium apartment in Worli for Rs 123.5 crore, according to property documents accessed by CRE Matrix. The acquisition demonstrates the area’s popularity among business families and wealthy investors. It further strengthens Worli’s reputation as one of Mumbai’s most desirable premium residential areas.

Property Overview and Transaction Details

The Rs. 123.5 crore transaction includes a premium apartment on the 44th functional floor of Artesia, a super-luxury residential skyscraper near the Doordarshan Centre in Worli. The apartment has an RERA carpet area of roughly 6,772.28 sq ft. It also includes 367.05 sq ft of balcony or open terrace space, making it one of the biggest properties in the development. The seller of the property is K Raheja Corp’s Ravi Raheja and Sumati Raheja. A stamp duty of about Rs 6.18 crore was paid for registration.

Worli’s Growth as a Luxury Residential Hotspot

Worli continues to attract ultra-high-net-worth individuals because of its central location and improved connectivity, aided by infrastructure developments like the Bandra-Worli Sea Link and the coastal road, which improve access to key commercial hubs such as Lower Parel and BKC.

What This Deal Signals for Mumbai Luxury Housing

The luxury housing segment in Mumbai continues to show stable demand trends. Large-format homes in prime locations remain in limited supply. Buyers with strong balance sheets continue to prefer tangible assets. This combination supports steady demand at the top end of the market. Buyers remain selective, but premium homes in strategic locations continue to close high-value deals.

In a recent transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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JP Morgan Leases 13 Lakh Sq Ft in Powai in Landmark Office Deal

JP Morgan office lease in Powai Mumbai

JP Morgan Services India Private Limited has leased over 13 lakh sq ft of built-to-suit commercial office space in Powai, Mumbai. This is one of the largest office leasing transactions recorded in India. The deal involves a total rental commitment of approximately ₹5,200 crore over a 20-year tenure, according to property registration documents accessed by CRE Matrix. The space will house the American investment bank’s global capability centre (GCC).

Lease Details: Rentals, Tenure, and Financial Commitments

The office space is located at One Forest Avenue, Powai. In this transaction, BSS Property Ventures Private Limited and Rajeshwar Property Ventures Private Limited have leased the property to JP Morgan Services India. Both entities operate through an SPV backed by Brookfield Properties, which holds a stake in the development.

Under the lease terms, the agreement starts at a monthly rent of ₹39 crore. This translates to a starting rental of ₹300 per sq ft for the approximately 13 lakh sq ft leased area. Additionally, the built-to-suit office will span 19 floors, including the ground floor, and offer around 1,300 parking spaces.

As part of the transaction, a security deposit of ₹468 crore has been paid. Further, the deal attracted a stamp duty of ₹125 crore, calculated on a 20-year tenure. It also includes a registration fee of ₹30,000. Meanwhile, while the initial lease term is 10 years, rentals will escalate by 4.5% annually.

Brookfield’s GCC Development Strengthens Powai’s Office Market

Brookfield Properties earlier announced a ₹9,000 crore investment to develop a 2 million sq ft global capability centre (GCC) in Powai. The campus is all set to become Asia’s largest GCC for a multinational bank.

The 6-acre development, slated for completion by 2030, will consolidate JP Morgan’s Mumbai operations into a single, state-of-the-art campus.

The transaction highlights India’s growing dominance as a global GCC hub and reinforces Powai’s status as a preferred office micro-market, driven by strong connectivity, a deep talent pool, and a mature mixed-use ecosystem.

JP Morgan’s Growing Office Footprint in India

JP Morgan is one of the world’s leading financial services firms, with a strong and expanding presence in India. Over the years, the firm has steadily scaled its office footprint in Mumbai. This reflects India’s importance as a strategic global capability and talent hub.

In another transaction, JP Morgan Services India Private Limited leased over 2.71 lakh sq ft of office space in the same location of Powai.

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Rakesh Roshan Sells 1.09-Hectare Land Parcel in Pune for ₹15 Crore

Rakesh Roshan Sells 1.09-Hectare Land Parcel in Pune for ₹15 Crore

Veteran filmmaker and Bollywood actor Rakesh Roshan has sold a 1.09-hectare land parcel in Pune district for ₹15 crore, according to property registration documents accessed by CRE Matrix.

Transaction Details

The Deed of Conveyance between Rakesh Roshan and CP Lands LLP was officially registered on December 26, 2025. As per the documents, a stamp duty of ₹1.05 crore was paid.

The land parcel is located in Lohegaon village, under Haveli taluka, Pune district. This area has been witnessing growing interest due to its proximity to key residential and commercial zones.

Lohegaon: An Emerging Micro-Market

Lohegaon has steadily gained traction as a developing real estate micro-market in Pune. This is supported by improved connectivity, infrastructure upgrades, and spillover demand from core city areas. The region’s strategic location near employment hubs and upcoming infrastructure projects has made it attractive for land aggregation and future development.

High-Value Land Transactions Signal Market Confidence

Large land deals such as this reflect sustained investor confidence in Pune’s real estate market, particularly in peripheral and growth corridors. Institutional buyers and LLPs continue to actively acquire land parcels, anticipating long-term appreciation and development potential.

Roshan Family Property Transactions 

The Roshan family’s real estate transactions reflect strategic asset management across key Indian markets. From land parcels to high-value properties, these deals highlight sustained confidence in long-term real estate value and evolving investment preferences.

In a recent transaction, Rakesh Roshan and Pramila Rakesh Roshan leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of ₹14.5 lakh.

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Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Celebrity couple Virat Kohli and Anushka Sharma have made a fresh real estate investment in Alibaug, acquiring over five acres of land for ₹37.86 crore, according to property registration documents accessed by CRE Matrix. This marks their second land purchase in the coastal town near Mumbai within the last four years.

Transaction Details

The latest transaction was registered on January 13, 2026. It involves two adjoining land parcels located in Zirad village, close to Awas Beach in Alibaug, Raigad district. One parcel measures 14,740 square metres, while the second plot is 6,270 square metres. The combined land area is 21,010 square meters, or approximately 5.2 acres. They purchased the two parcels for a cumulative value of ₹37.86 crore.

As per the registration documents, the couple paid a stamp duty of ₹2.27 crore to complete the transaction. The registration fee is ₹30,000. The seller in the deal is Sonali Amit Rajput, while Samira Land Assets Private Limited is the confirming party.

Earlier Investment in the Same Area

Kohli and Sharma are already familiar names in Alibaug’s real estate landscape. In fact, around four years ago, the couple had made headlines after purchasing an eight-acre land parcel for approximately ₹19 crore in the region. A luxury villa has since been constructed on that plot. It features amenities such as a temperature-controlled swimming pool, a bespoke kitchen, multiple bathrooms, a jacuzzi, landscaped gardens, covered parking, and staff quarters.

Alibaug Real Estate Market Snapshot

Alibaug has steadily evolved into a premium residential and second-home market, supported by better connectivity and strong lifestyle-driven demand. According to local brokers, apartment capital values in the area currently range between ₹15,000 and ₹17,000 per sq ft. Land prices vary depending on zoning, with agricultural plots priced at ₹3–5 crore per acre. Non-agricultural land, on the other hand, commands ₹8–10 crore per acre.

Growing Appeal Among High-Net-Worth Buyers

With limited land availability and a rising number of celebrity homeowners, Alibaug continues to draw long-term investors seeking exclusivity and capital appreciation. High-value transactions such as this further highlight the region’s transition from a weekend getaway to one of Maharashtra’s most closely tracked luxury real estate markets.

In a recent transaction, Bollywood megastar Amitabh Bachchan purchased three adjoining land parcels in The House of Abhinandan Lodha (HoABL), Alibag Phase 2, a premium gated development by HOABL Landbuild Pvt. Ltd.

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Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services commits to 1.6 lakh sq ft office lease in Hyderabad’s Gachibowli

Hartford Global Services has expanded its India operations with a large office lease in Hyderabad. The US-based insurer’s India arm has taken 1.59 lakh sq ft of office space in Gachibowli, one of the city’s key IT corridors. The deal comes with a monthly rent of ₹92.28 lakh, according to lease documents accessed by CRE Matrix.

The office is located in Kalyani Trident and spans the 21st and 22nd floors. Hartford will pay ₹44.48 lakh per month for 76,701 sq ft on the 21st floor. Additionally, it will pay ₹47.79 lakh per month for 82,406 sq ft on the 22nd floor.

Lease Structure, Rentals, and Key Terms

The rent works out to ₹58 per sq ft per month across both floors. Hartford has paid a security deposit of ₹5.53 crore as part of the agreement.

The lease runs for five years with a three-year lock-in period. Moreover, the agreement includes a 15% rent escalation every three years. The company also secured 213 car parking slots, each charged at ₹3,500 per car per month.

The lease was officially registered on December 9, 2025, and Hartford paid a stamp duty of ₹14 lakh.

Hartford will begin paying rent for the 21st-floor space from March 1, 2026. Meanwhile, rent payments for the 22nd-floor premises will start from September 1, 2026.

Gachibowli’s Growing Appeal

Gachibowli continues to attract global occupiers. The micro-market benefits from steady demand from global capability centres, IT firms, and financial services companies. It also offers Grade A office developments, strong road connectivity via the Outer Ring Road, upcoming metro links, and easy access to the international airport.

As a result, Gachibowli remains a preferred destination for large, long-term office leasing deals.

Recent Transactions

Recent office transactions in Hyderabad reflect steady occupier confidence across key IT corridors. Large leasing deals by global firms highlight sustained demand for Grade A spaces, flexible lease structures, and well-connected micro-markets such as Gachibowli and Hitec City.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, Facebook India leased 69,702 sq ft office space in Hyderabad’s Hitec City.

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BA Continuum Leases Over 1.11 Lakh Sq Ft in Powai at ₹1.43 Crore Monthly Rent

BA Continuum Leases Over 1.11 Lakh Sq Ft in Powai

BA Continuum India, the technology and operations arm of Bank of America, has signed a long-term lease for more than 1.11 lakh sq ft of Grade A office space in Powai, Mumbai. According to property registration documents accessed by CRE Matrix, the leased office space is at Cignus, Powai, a commercial development owned by Chalet Hotels Limited. The transaction involves Units 2201 and 2301 on the 22nd and 23rd floors of the building located at Plot No. 71A, Passpoli, Powai.

Lease Details

The lease covers a total leasable area of 1,11,023 sq ft, with a starting monthly rent of ₹1,43,21,967. This translates to an effective rate of ₹129 per sq ft per month. Additionally, the tenant will pay common area maintenance (CAM) charges of ₹20 per sq ft per month.

The agreement also includes 112 car parking spaces, reflecting the scale of the office requirement. A security deposit of ₹8.59 crore has been paid as part of the transaction. The lease tenure spans 10 years and 9 months, with a three-year lock-in period applicable to both parties. The lease agreement was registered on December 24, 2025, with both lease and rent commencement scheduled from January 1, 2026.

Why Powai Continues to Attract Large Occupiers

Powai has steadily evolved into one of Mumbai’s most preferred office micro-markets. This is mainly because of its strong connectivity to both the Eastern and Western suburbs and proximity to well-established residential catchments. Also, the area has attracted a steady mix of IT, BFSI, and Global Capability Centre (GCC) occupiers. Large-format office transactions in the micro-market highlight occupiers’ increasing preference for amenity-rich, campus-style office buildings that can support long-term operational and expansion needs.

Recent Transactions

Mumbai’s office market continues to see steady leasing activity, with large occupiers signing long-term deals across key business districts. Recent transactions highlight sustained demand for Grade A assets.

In a recent transaction, JP Morgan Services India Private Limited leased over 2.71 lakh sq ft of office space in Powai for approximately ₹612 crore. In another transaction, Kwality Wall’s (India) leased a fully fitted, dedicated workspace in Oberoi Commerz II, part of Oberoi Garden City in Goregaon East, Mumbai, for a starting monthly rent of ₹89.5 lakh.

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JP Morgan Leases 2.71 Lakh Sq Ft Office Space in Mumbai’s Powai for ₹612 Crore

JP Morgan Leases 2.71 Lakh Sq Ft Office Space in Mumbai’s Powai for ₹612 Crore

JP Morgan Services India Private Limited has expanded its Mumbai footprint by leasing over 2.71 lakh sq ft of office space in Powai. The transaction reinforces sustained demand for large, Grade A commercial assets in the city’s established business districts.

According to property registration documents accessed by CRE Matrix, the global financial services major has signed a five-year lease with a total rental outlay of approximately ₹612 crore.

Deal Overview

The leased office space is located at One Downtown Central, Powai—formerly known as CRISIL House and spans floors 3 to 9 of the building. The transaction involves Cowrks Pvt Ltd, which manages the workspace, JP Morgan Services India as the tenant, and Kairos Property Pvt Ltd (Brookfield Properties) as the landlord.

The lease tenure is 60 months, with a lock-in period of 30 months. The agreement commenced with a starting monthly rent of over ₹9.23 crore, and includes a security deposit exceeding ₹55 crore.

Lease Terms and Escalation

As per the registered documents dated December 29, 2025, the lease includes a 5% annual rent escalation, ensuring steady rental growth over the lease term. Additionally, the agreement provides an option to renew for another 60 months upon completion of the initial term.

The lease commencement date is April 1, 2026, while the transaction attracted a stamp duty payment of over ₹7 crore, along with a registration fee of ₹30,000.

The transaction also includes 312 car parking spaces, highlighting the scale of operations and the infrastructure requirements of large multinational occupiers. Powai’s strong connectivity, proximity to residential catchments, and access to social infrastructure continue to make it a preferred office destination for BFSI and technology-led enterprises.

Market Implications

This transaction highlights sustained occupier confidence in Mumbai’s commercial real estate market, particularly for managed and institutional-grade office assets. Large-format leases by global corporations such as JP Morgan signal a continued preference for long-term visibility, premium locations, and professionally managed workspaces amid evolving workplace strategies.

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Facebook India Leases 69,702 Sq Ft Office Space in Hyderabad’s Hitec City

Facebook India office lease in Hyderabad

Meta Platforms’ Indian arm, Facebook India Online Services Pvt Ltd, has further strengthened its footprint in Hyderabad with a fresh office lease in the city’s prime IT corridor, Hitec City. According to the documents accessed by CRE Matrix, the company has signed a five-year lease for nearly 69,702 sq ft of Grade A office space. This reaffirms Hyderabad’s position as one of India’s most resilient and attractive technology hubs.

Details of the Lease Transaction

Facebook India has leased the space in Skyview 20, part of The Skyview commercial complex, from Mahanga Commercial Properties Pvt Ltd. According to the lease documents, the agreement was signed on December 2, 2025, with rent commencement starting on December 18, 2025.

The monthly rental is close to ₹67 lakh, translating to rentals of around ₹96 per sq ft. The lease agreement also includes a 15% rental escalation after three years, reflecting both the quality of the asset and sustained occupier confidence in the micro-market.

Reinforcing Hyderabad’s Tech and GCC Ecosystem

This large-format transaction highlights Hyderabad’s continued appeal to global technology companies, particularly for Global Capability Centres (GCCs). Over the years, Hitec City has evolved into a deeply institutionalised office market, offering scale, modern infrastructure, and long-term flexibility—key requirements for multinational occupiers.

Commenting on the transaction, Abhishek Kiran Gupta, CEO and Co-founder of CRE Matrix, said the deal underscores Hyderabad’s strength as a strategic GCC and technology hub. He noted that occupiers are increasingly willing to pay a premium for Grade A office assets that offer operational efficiency, scalability, and future-ready infrastructure.

Such transactions, especially at near-70,000 sq ft scale, signal sustained demand from global tech players and reinforce Hitec City’s status as one of India’s most stable and sought-after office micro-markets.

Meta’s Longstanding Presence in Hyderabad

Meta’s association with Hyderabad dates back to 2010, when the company opened its first India office in the city. Since then, it has consistently expanded its presence, making Hyderabad a key centre for its India operations.

In fact, towards the end of 2024, Meta renewed leases for a significantly larger office footprint—around 367,000 sq ft—within the same Skyview property. These renewals were executed through two separate agreements for an additional five-year tenure, with a total rental commitment of approximately ₹170 crore. The latest lease further consolidates Meta’s long-term commitment to the location.

Office Market Momentum Across India

Technology companies and flexible workspace operators led absorption during the year, driven by GCC expansion, return-to-office strategies, and India’s growing role in global business operations.

Facebook India’s latest lease in Hitec City is more than just an expansion—it is a strong endorsement of Hyderabad’s office market fundamentals. As global technology firms continue to deepen their India presence, well-located, Grade A assets in established IT corridors are likely to remain in high demand, supporting stable rentals and long-term market confidence.

Recent Transactions

Hyderabad’s commercial real estate market continues to gather momentum, with several large-format office space transactions in key micro-markets driven by technology companies and global capability centres expanding operations in the city.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, WeWork India leased 1,75,953 sq ft at Skyview 20 in Hitech City.

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