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Akshay Kumar Leases Andheri Duplex for a Starting Monthly Rent of ₹1.44 Lakh

Mumbai’s premium rental market has witnessed an interesting transaction involving actor Akshay Kumar and a high-profile aviation professional. The deal stands out not just for the personalities involved, but for its unconventional lease structure.

Property Details and Transaction

Akshay Kumar has leased out a duplex apartment located in Andheri (West), within the upscale Oberoi Complex on New Link Road. The unit spans the 11th and 12th floors of the building Sky Pan and includes a private terrace—features that place it firmly in the premium residential category.

The agreement was registered on April 7, 2026. It indicates a starting monthly rent of ₹1.44 lakh, according to property registration documents reviewed by CRE Matrix.

Lease Terms: A Break from Convention

The lease has been structured for a period of 24 months, with both the lease tenure and rental payments commencing from March 1, 2026. What makes this transaction particularly noteworthy is its departure from typical Mumbai rental norms, as the agreement does not include any security deposit and also omits a rent escalation clause for the entire tenure.

In a market like Mumbai, where landlords typically demand substantial deposits along with periodic rent increases, this deal signals a shift toward more flexible and tenant-friendly agreements, at least in select high-value transactions.

Registration and Charges

According to official registration records, the party paid a total of ₹9,700 towards stamp duty and registration, including ₹8,700 in stamp duty and ₹1,000 in registration fees. They processed the payment through the State Bank of India and registered the agreement with the Inspector General of Registration office in Mumbai on April 7, 2026.

What This Means for Mumbai’s Rental Market

This transaction reflects a subtle but important trend in Mumbai’s evolving rental landscape. It points to increasing flexibility in lease structures, particularly in premium segments, while also highlighting how such agreements are becoming more negotiation-driven between high-profile landlords and tenants. At the same time, it highlights the rising demand for luxury rental homes among top professionals.

While such zero-deposit deals may not yet be the norm, they could gradually influence expectations in the high-end rental market, particularly in sought-after locations like Andheri West.

Recent Transactions

Recent celebrity real estate transactions in Mumbai highlight the city’s resilient luxury market, with high-value purchases and leases by stars. This indicates a strong demand, evolving preferences, and growing investor confidence in the premium neighborhoods of Mumbai.

In a recent transaction, Bollywood actor Sara Ali Khan leased an Andheri bungalow to Montessori School at ₹6.5 Lakh per Month. In another transaction, Sohail Salim Khan sold an office unit in Andheri West, Mumbai, for ₹5.9 crore.

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Shreya Ghoshal Buys ₹59.7 Crore Luxury Apartments in Worli

Shreya Ghoshal Buys ₹59.7 Crore Luxury Apartments in Worli (2)

Mumbai’s luxury real estate market continues to attract strong interest from celebrities and high-net-worth individuals. In recent years, premium sea-facing apartments have gained significant traction, especially in Worli. According to property registration documents accessed by CRE Matrix, playback singer Shreya Ghoshal has purchased two luxury apartments in Worli, Mumbai, for ₹60 crore. Therefore, this deal further highlights the growing demand for high-end residential assets in the city.

Deal Details of Shreya Ghoshal’s Worli Property

The singer has purchased two adjoining apartments in Godrej Trilogy, located in Seafront Tower B. The total transaction value stands at ₹59,70,45,600 (approximately ₹59.7 crore). The apartments include Flat No. 3301 and 3302, with a combined carpet area of 5,528.14 sq ft. The deal also includes six car parking spaces, with three allotted to each unit. The transaction was registered on April 1, 2026, with stamp duty amounting to ₹3,58,22,800.

Individually, Flat No. 3301 measures 2,777.84 sq ft and was acquired for ₹30,00,13,200, while Flat No. 3302 spans 2,750.3 sq ft and was purchased for ₹29,70,32,400.

Adjoining Apartments Purchase

The apartments have been purchased jointly by Shreya Ghoshal along with her parents, Sarmistha Ghoshal and Bishwajit Ghoshal. In many cases, buyers include family members as co-owners in such deals. Here, both units were acquired together under a single transaction. As a result, the layout allows more space and flexibility. In premium projects like Godrej Trilogy, buyers often choose adjoining homes for this reason. Such layouts are easier to manage for larger families. They also support comfortable day-to-day living.

Worli Real Estate Market Trends

Worli has emerged as a leading luxury real estate destination in Mumbai. Due to its central location and excellent connectivity, the area continues to attract developers and investors alike. Furthermore, the presence of premium sea-facing towers has significantly increased its appeal.

Currently, property prices in Worli range between ₹65,000 and ₹1,00,000+ per sq ft. Therefore, the micro-market is often compared to global prime locations in terms of pricing and exclusivity. In conclusion, strong demand from celebrities and high-net-worth individuals continues to drive growth in the Worli real estate market.

Recent Transactions

Recent real estate activity highlights that celebrities are actively participating in luxury residential property transactions. High-value deals involving premium assets reflect strong demand in key micro-markets. Buyers continue to invest in upscale locations across Mumbai.

In a recent transaction, Preity Zinta sold a Bandra apartment for ₹18.5 Crore. In another transaction, Bollywood actor Ishaan Khattar bought a ₹29.37 Cr luxury home in Mumbai’s Pali Hill.

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Sohail Salim Khan Sells Office Unit For ₹5.9 Crore

Sohail Salim Khan Sells Office Unit For ₹5.9 Crore

Sohail Salim Khan has sold an office unit in Andheri West, Mumbai, for ₹5.9 crore. The transaction was recorded as per the property registration data accessed by CRE Matrix.

The unit is located in Arc One on New Link Road. It sits on the 10th floor and offers a carpet area of 1,559 sq ft. The deal also includes three parking spaces.

Buyer Details and Registration

The buyer registered the transaction on March 27, 2026. The deal incurred a stamp duty of ₹35.4 lakh, reflecting the premium nature of the asset and location.

Background: Redevelopment and PAA Agreement

The office unit was originally allotted to Khan in 2023 as part of a redevelopment project. Under a Permanent Alternate Accommodation (PAA) agreement, the unit was provided in exchange for his earlier premises in the redeveloped “Chandra Gupta” building.

The redevelopment was undertaken by Chandra Gupta Estates Private Limited, a model commonly seen across Mumbai, where older structures are replaced with upgraded commercial spaces.

What This Means for the Market

This transaction highlights continued demand for premium office spaces in key micro-markets like Andheri West. It also reflects how redevelopment-led supply is contributing to modern inventory while enabling asset monetisation for stakeholders.

With platforms like CRE Matrix offering access to verified property data, such transactions bring greater transparency and actionable insights to the commercial real estate ecosystem.

Recent Transactions

Recent real estate activity highlights continued celebrity involvement in leasing premium assets across key micro-markets in Mumbai.

In a recent deal, Sara Ali Khan leased a bungalow in Andheri West to Prodigy Montessori India Private Limited at a starting monthly rent of ₹6.5 lakh under a five-year agreement.

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Sara Ali Khan Leases Andheri Bungalow to Montessori School at ₹6.5 Lakh per Month

Sara Ali Khan Leases Andheri Bungalow to Montessori School (2)

Bollywood actress Sara Ali Khan has leased out a premium bungalow in Mumbai’s Andheri West to an educational institution in a structured five-year agreement, according to property registration documents accessed by CRE Matrix. The transaction was registered on March 27, 2026, highlighting continued institutional interest in large-format residential assets across key city micro-markets.

The bungalow, located in Belscot Co-operative Housing Society in the Old Lokhandwala Complex, has been leased to Prodigy Montessori India Private Limited. The starting monthly rent is ₹6.5 lakh. The property spans around 4,500 sq ft, translating to a rental value of ₹144.44 per sq ft.

Deal Structure and Rental Escalation

The lease spans 60 months, with a lock-in period of 36 months starting May 1, 2026. The agreement follows a step-up rental structure. It starts at ₹6.5 lakh per month for the first two years and increases from the third year. Thereafter, the rent rises to ₹6.82 lakh in year three, ₹7.16 lakh in year four, and ₹7.52 lakh in year five. This structured escalation takes the total rental outgo over the tenure to approximately ₹4.14 crore. The tenant has also paid a security deposit of ₹20 lakh as part of the agreement.

Property Use: Exclusive School Operations

The agreement specifies that the tenant will use the property strictly for school-related activities. This clearly indicates a growing trend of residential-to-institutional conversions in Mumbai’s premium neighbourhoods. At the same time, the contract outlines clear operational conditions to maintain the residential character of the society. It restricts the entry of vehicles such as cars, buses, and vans within the premises. It also mandates that all student pick-up and drop-off activities take place outside the complex. The tenant must also comply fully with society rules and applicable municipal regulations.

Location Advantage: Andheri West

Andheri West remains one of Mumbai’s most sought-after micro-markets due to its strong connectivity and established ecosystem. The location offers easy access to Versova, JVPD, and Link Road. It also benefits from its proximity to production houses, corporate offices, and educational hubs. A diverse mix of bungalows, high-rise developments, and commercial spaces continues to support sustained demand across occupier segments.

Recent Transactions

Recent real estate activities highlight how celebrities are actively participating in commercial property transactions. High-value deals involving premium assets reflect strong demand from occupiers. Actors are increasingly monetising real estate through structured, long-term agreements across key urban micro-markets.

In a recent transaction, Hrithik Roshan’s parents, filmmaker Rakesh Roshan and Pramila Rakesh Roshan, leased a commercial property in Andheri, Mumbai, to Fabindia Limited for a monthly rent of ₹14.5 lakh. In another transaction, actor Bobby Deol and his wife, Tania Deol, acquired multiple office units worth over ₹15 crore in Andheri West.

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Kirloskar Realty Arm Secures ₹1,150 Cr Term Loan from ICICI Bank

Kirloskar Realty Arm Secures ₹1,150 Cr Term Loan from ICICI Bank (3)

In a significant boost to commercial real estate financing, Avante Spaces, the real estate arm of Kirloskar Industries, has secured a ₹1,150 crore term loan from ICICI Bank, according to documents accessed via CRE Matrix. The funding will support the development of a large Grade A commercial office project in Pune, specifically in the rapidly evolving Kothrud micro-market.

Project Details and Financing Structure

The loan is structured across two tranches of ₹1,050 crore and ₹100 crore. Additionally, it comes with a defined repayment timeline of 44 months and carries an interest rate of 8% per annum. As a result, the financing supports a planned 1.9 million sq. ft. office development, reinforcing the scale and ambition of the project.

Meanwhile, to secure the loan, Avante Spaces has created a mortgage over its land parcels and all present and future constructions. Furthermore, the collateral includes approximately 7.25 acres of land across multiple plots in Kothrud. This ensures strong asset backing for the lender.

Axis Trustee Services has been appointed as the security trustee for the transaction, with the security interest formally created earlier this year.

Lender Confidence in Grade A Office Assets

This transaction highlights a broader trend. Institutional lenders are selectively backing high-quality commercial real estate projects. In particular, developers with strong parentage and clear visibility into execution continue to attract capital. Moreover, projects in established and emerging urban hubs remain preferred.

At the same time, Grade A office spaces are highly attractive to lenders. They continue to draw strong demand from corporates, technology firms, and global capability centres (GCCs). In addition, such loans are well-structured with clear repayment schedules. As a result, backing by tangible assets helps reduce risk while ensuring stable returns.

Kothrud’s Emergence as a Commercial Hub

Traditionally known as a residential locality, Kothrud is steadily transforming into a viable office destination. Improved infrastructure, better connectivity, and a growing preference for decentralised workspaces are driving this shift.

As businesses look beyond traditional central business districts, micro-markets like Kothrud are gaining traction. These micro markets offer a mix of accessibility, talent catchment, and relatively competitive costs.

A Positive Signal for CRE Financing

The Avante Spaces deal indicates a calibrated revival in commercial real estate financing activity. With occupier demand stabilising and a steady pipeline of developments across key cities, lenders are showing renewed confidence—albeit with a selective and cautious approach.

Overall, this transaction signals continued momentum in India’s office market, where well-backed projects in strategic locations are increasingly able to secure institutional funding.

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South Mumbai Luxury Market Booms with ₹60+ Crore Deal in Lower Parel

South Mumbai Luxury Market Booms with ₹60+ Crore Deal in Lower Parel

South Mumbai’s luxury housing market continues to attract high-value transactions. A premium apartment in Lower Parel recently sold for over ₹60 crore, according to data accessed by CRE Matrix. This deal reflects sustained interest from high-net-worth buyers in prime micro-markets.

Premium Transaction at Kalpataru One

The transaction involves a luxury apartment at Kalpataru One in Lower Parel. A renowned diamond merchant purchased the apartment from Kalpataru Properties Limited.

The deal was registered on March 25, 2026. The total transaction value stands at ₹60.39 crore. Buyers paid ₹3.62 crore in stamp duty, indicating the scale of the investment.

The apartment offers a carpet area of 6,299 sq ft along with a 638 sq ft balcony. This makes it one of the larger configurations within the project. The deal also includes five dedicated car parking spaces, a key feature for ultra-luxury buyers.

Large-format homes continue to gain traction among affluent buyers. These homes offer more space, exclusivity, and lifestyle-driven amenities.

Lower Parel Emerges as a Luxury Hotspot

Lower Parel remains one of Mumbai’s most sought-after locations. It combines commercial hubs with premium residential developments, making it ideal for high-net-worth individuals.

The area offers strong connectivity, proximity to business districts, and access to high-end social infrastructure. These factors continue to drive demand despite limited inventory.

Strong Market Confidence in the Luxury Segment

This transaction highlights ongoing confidence in Mumbai’s luxury real estate market. Established micro-markets like Lower Parel continue to see resilient demand. Limited supply and consistent buyer interest are pushing up transaction values.

Market activity suggests that premium housing in South Mumbai will remain a key growth driver. High-value deals like this reinforce the shift toward larger, high-quality homes among elite buyers.

Recent Transactions

Mumbai’s luxury housing market continues to witness high-value transactions, driven by strong demand from affluent buyers. Recent deals highlight a clear preference for spacious homes in prime locations. This indicates confidence in the city’s premium real estate segment and its long-term growth potential.

In a recent transaction, promoters of K Raheja Corp, Ravi Raheja and his wife Sumati Raheja, sold a 6,772 sq ft apartment at Raheja Artesia in Worli for ₹121 crore. In another transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in the same locality for Rs 123.5 crore.

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India Housing Market: Premium Segment Driving Growth

India Housing Market: Premium Segment Driving Growth

The Indian housing market reflects a clear shift in momentum. In fact, value growth is outpacing volume. Although the number of homes sold has dipped slightly, overall sales value has reached record levels. This, in turn, is supported by strong demand for premium and luxury housing.

According to the India Housing Report 2026, by CRE Matrix & NAR-INDIA, the average ticket size has increased to around ₹1.47 crore. Buyers are continuing to move toward larger, better-located, and higher-quality homes as a result.

India Housing Market – Key Findings

  • ₹ 7.3 lakh Cr. – Value of primary housing units sold Pan India, up 8% YoY.
  • ~4,97,500 units – Primary units sold, a ~3% decline from CY’24.
  • ~5,42,900 units – New launches, down ~10% from ~6.2 lakh units in CY’23.

Despite a slight decline in volumes, India’s Tier-1 housing market continued to witness strong value growth in CY’25. Record sales were supported by premiumisation and higher ticket sizes, reflecting sustained demand across key cities. Overall, the market shows a clear trend of value-led expansion, driven by buyer preference for premium housing segments.

India Housing Market: City-wise Trends & Insights

CityGrowthMarket Trend &Totle unit saleAvg Ticket SizeKey Insight
NCR+14%Strong~50,000₹3.64 CrLuxury-driven market
Gurugram-2%Slowing~20,000₹5.21 CrUltra-luxury dominance
Noida+58%Rapid growth~19,000₹2.79 CrEmerging hotspot
Bengaluru+17%Stable~62,000 ₹1.71 CrStrong end-user demand
Hyderabad+3%Slight slowdown~53,000₹1.96 CrOversupply risk
MMR+9%Stable~1.52 lakh₹1.12 CrSteady premium demand
Mumbai+4%Limited supply~47,000₹2.31 CrHigh-value market
Thane+15%Growing~59,000₹0.70 CrMid-segment strength
Raigad+37%Fast expansion~26,000₹0.54 CrPeripheral growth
Palghar+12%Affordable-led~20,000₹0.34 CrEntry-level housing dominated
Pune-1%Weak demand~85,000₹0.78 CrMarket cooling
Chennai+28%Recovery~22,000₹1.14 CrDemand rebound
Ahmedabad-4%Soft~51,000₹1.05 CrDemand decline
Kolkata +2%Stable~9,500₹0.90 CrStable market

India Housing Market: Outlook

The Indian housing market in 2025 shows steady growth. Demand remains strong in key cities. Premium homes are driving value, while mid-segment housing continues to support overall sales. Cities like NCR and MMR lead in value. At the same time, Bengaluru and Chennai show stable demand from end-users.

Looking ahead, the market outlook is positive. Moreover, demand is expected to stay stable in the coming months. Developers will focus on better projects and planned launches. Buyers are also choosing quality and location over price. Therefore, this trend will shape the future of India’s housing market.

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Pan India Real Estate 2025: Trends, Sales Data & City Insights

Pan India Real Estate 2025: Trends, Sales Data & City Insights

Pan India Real Estate 2025 has crossed a historic milestone. Homes worth ₹7.30 Lakh Crore were sold across India’s Tier-1 cities in CY 2025. That is a 2.15x jump from CY 2021. The market is growing fast.

The Pan India Housing Market Insights CY’25 report, published in March 2026, covers eight major Indian cities. It tracks sales value, average ticket sizes, and evolving buyer trends across the country. The findings offer one of the most comprehensive and data-backed views of Indian residential real estate available today.

How India Invests Its Wealth

Indians love real estate. According to the RBI, Indian households own $11.1 trillion in total assets. Real estate takes up 51% of that. Debt follows at 28%, gold at 16%, and equity at just 5%.

This preference runs deep. Real estate gives Indians stability, returns, and social status. Therefore, the record sales seen in Pan India are no surprise. They reflect a preference built over generations.

India’s Real Estate Economy Is Growing Fast

The Pan India Real Estate 2025 market is worth ₹20 trillion today. It contributes 6% to India’s GDP. By 2030, the sector is expected to reach ₹45 trillion. At that point, it will contribute 8% to GDP.

Compare this globally. Real estate contributes 26% to China’s GDP. In the US, it contributes 18%. India still has a lot of room to grow. Rising incomes, more urban migration, and a larger middle class are driving this shift. Consequently, Real Estate in pan-India is just the beginning of a much bigger story.

Pan India Real Estate 2025: Year-by-Year Sales Growth

Sales have grown every single year since 2021. Here is how the total value of homes sold has risen across Tier-1 cities:

  • CY 2021: ₹3,43,358 Crore
  • CY 2022: ₹4,49,157 Crore
  • CY 2023: ₹6,00,598 Crore
  • CY 2024: ₹6,73,168 Crore
  • CY 2025: ~₹7,30,000 Crore

The growth is steady and real. This is not a bubble. Rather, it shows genuine demand from buyers who want better homes in better locations.

Which Cities Lead Pan-India Real Estate 2025?

NCR leads the market with a 25% value share. MMR follows closely at 23%. Together, they account for nearly half of all national housing sales. Hyderabad holds third place at 17%. Bengaluru contributes 14%. Pune, Ahmedabad, Chennai, and Kolkata share the rest.

NCR has overtaken MMR in value terms for the first time. This is a big deal. Price appreciation in Gurugram, Noida, and Delhi has been extraordinary. As a result, NCR now sits firmly at the premium end of Pan India.

Pan India Real Estate 2025: City-wise Growth

NCR – 400% Growth and India’s Fastest-Rising Market

NCR is the biggest growth story in Pan India. Sales jumped from ₹37,533 Crore in 2021 to ₹1.83 Lakh Crore in 2025. That is 400% growth in four years. The average ticket size also rose sharply. It went from ₹0.89 Crore to ₹3.64 Crore – a 307% jump. No other city comes close. Luxury demand in Gurugram and Noida’s rise as a premium market is the key driver.

MMR – Steady Growth in India’s Financial Capital

MMR delivered 50% growth in Pan India. Sales rose from ₹1,14,866 Crore to ₹1.71 Lakh Crore. The average ticket size grew 30%, from ₹0.87 Crore to ₹1.12 Crore. MMR’s growth may look modest in percentage terms. In absolute numbers, though, it remains one of India’s largest markets.

Bengaluru – 170% Growth Backed by Tech Demand

Bengaluru posted 170% growth in value terms. Sales rose from ₹39,591 Crore to ₹1.06 Lakh Crore. The average ticket size grew 87%, from ₹0.91 Crore to ₹1.71 Crore. Demand here is consistent and deep. A strong tech-sector employment base continues to drive Pan India Real Estate 2025 performance in this city.

Hyderabad – Strong Growth With a Brief Dip

Hyderabad peaked in CY 2023 at ₹1,17,936 Crore. After a brief dip in 2024, it recovered to ₹1.05 Lakh Crore in 2025. Overall, the city delivered 90% growth from 2021 levels. Additionally, the average ticket size rose 77% to ₹1.96 Crore. Hyderabad remains a strong and resilient market in India.

Pune – Affordable and Consistently Growing

Pune recorded 80% growth, reaching ₹66,000 Crore in CY 2025. Its average ticket size rose 45%, from ₹0.54 Crore to ₹0.78 Crore. Pune attracts young professionals and families. It offers an urban quality of life at prices that are still accessible

Ahmedabad, Chennai, and Kolkata

Ahmedabad saw a 54% rise in average ticket size. Chennai recorded 31% growth. Kolkata posted 38%. Their market shares are smaller. However, their consistent appreciation shows that premiumization is spreading well beyond India’s top four metros.

Noida vs. Gurugram in Pan-India Real Estate 2025

This rivalry is one of the most interesting stories in Pan India Real Estate 2025. In 2021, Noida sold roughly half the units Gurugram did. By 2025, the two cities are nearly equal. Gurugram sold 20,393 units. Noida sold 19,017 units. That is 75% unit volume growth for Noida in four years.

A value gap still exists, though. Gurugram generated ₹1.06 Lakh Crore. Noida generated ₹53,000 Crore. The reason is simple. In Gurugram, 64% of units sold were priced above ₹5 Crore. Noida is growing fast, but it still has ground to cover in value per unit.

Premiumization: The Biggest Trend in Pan-India Real Estate 2025

The most important trend in Pan India Real Estate 2025 is premiumization. Nationally, there is now a 50-50 split between homes priced below and above ₹2 Crore. That is a massive shift from just a few years ago.

Delhi and Gurugram lead the premium wave. A remarkable 98% of units sold in these cities were priced above ₹2 Crore. Ghaziabad follows at 90%. Then comes Noida at 84%, Bengaluru at 75%, Hyderabad at 73%, and Mumbai at 67%. In the ultra-luxury segment above ₹5 Crore, Gurugram leads at 64%. Mumbai follows at 38%, and Noida at 37%. Therefore, luxury housing is no longer a niche in Pan-India it is the mainstream.

Affordable Housing Is Moving to the Periphery

Affordable homes below ₹1 Crore are disappearing from prime city zones, especially in NCR and MMR. Peripheral markets now carry most of this supply — Palghar at 99%, Raigad at 88%, Thane at 81%, and Pune at 78%. For developers and investors, these zones offer a real opportunity. However, metro connectivity, roads, and social infrastructure must follow to sustain long-term buyer demand.

The Brokerage Boom in 2025

Pan India Real Estate 2025 is creating a massive brokerage opportunity. Brokerage value in CY 2025 stands at ₹18,000 Crore – exactly 2x the level in CY 2021. Rising ticket sizes mean higher earnings per deal across every major city. As buyers demand better service and greater transparency, organised and data-driven brokers are best placed to capture this growing opportunity.

Final Thoughts on Pan India Real Estate 2025

Pan India Real Estate 2025 tells a clear story. The market has grown 2.15x since 2021, NCR delivered 400% growth, and luxury is now mainstream. Three-BHK-plus is the dominant home type, and the brokerage market has doubled to ₹18,000 Crore.

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Quest Coworks Acquires Over 57,500 Sq Ft Office Space in Andheri East for ₹55.84 Crore

Quest Coworks Private Limited has strengthened its presence in Mumbai’s commercial real estate market by acquiring over 57,500 sq ft of office space in Andheri (East) for ₹55.84 crore. According to property registration documents accessed by CRE Matrix, the company purchased five office units from Capgemini Technology Services India Limited, marking a significant step in its expansion strategy.

Deal Details

The acquisition includes five office units at Akruti Softech Park, located in the MIDC Marol Industrial Area—one of Andheri East’s most active commercial corridors. The transaction was registered on March 16, 2026, with a stamp duty payment of ₹3.58 crore.

Each unit ranges between 10,500 sq ft and 11,885 sq ft. The individual deal values range from ₹10.18 crore to ₹11.52 crore.

In addition to the office units, the transaction also includes 51 car parking spaces. This enhances the overall value and usability of the asset for enterprise clients and flexible workspace operations.

Focus on Enterprise & Flex Demand

Prasad Shinde, Founder of Quest Coworks, emphasized that the acquisition aligns with the company’s long-term growth plans in Mumbai. He stated that the new asset will support both managed flexible workspace offerings and enterprise clients seeking large, dedicated office solutions in Andheri East.

Quest Coworks is increasingly focusing on owning premium commercial assets rather than relying solely on leased properties. This strategy allows the company to maintain better control over quality, operations, and long-term value creation.

Shinde noted that Andheri East continues to be one of Mumbai’s most sought-after business districts, making this an opportune time to deepen the company’s presence in the micro-market.

Capgemini Continues Strategic Real Estate Divestments

In a significant transaction in 2025, Capgemini Technology Limited sold Capgemini’s Knowledge Park in Airoli, Thane, near Mumbai, for ₹550 crore. The deal, recorded in September 2025, ranked among the largest commercial real estate transactions in the Mumbai Metropolitan Region that year.

The asset was acquired by Prime Lohegaon Infraspaces LLP, a subsidiary of Pune-based Panchshil Realty.

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Prabhu Deva Sells Two Luxury Apartments in Mahalaxmi for ₹14.8 Crore

Prabhu Deva Sells Two Luxury Apartments in Mahalaxmi for ₹14.8 Crore

Actor-choreographer Prabhu Deva has offloaded two premium apartments in one of central Mumbai’s most coveted residential towers. According to documents accessed by CRE Matrix, the properties in Mahalaxmi were sold for a combined value of ₹14.8 crore. Registered on March 13, 2026, the transactions underscore sustained demand in Mumbai’s high-end residential market.

Deal Details, Pricing, and Property Overview

According to the documents accessed, both apartments are located in the A1 Wing of Minerva Tower, off N.M. Joshi Marg. Each unit was sold for ₹7.4 crore, indicating uniform pricing for similar configurations within the project. The per-square-foot rate is approximately ₹57,000. This indicates strong buyer appetite for premium residences in central Mumbai.

Minerva Tower, part of the Lokhandwala Minerva development in Mahalaxmi, is among the prominent luxury residential projects in the area. The development offers high-rise living with premium amenities and enjoys proximity to key commercial hubs, making it a preferred choice for affluent homebuyers seeking convenience and connectivity within Mumbai.

Each of the two apartments has a carpet area of 1,295 sq ft, bringing the combined transacted area to 2,590 sq ft. The identical pricing and adjacent configuration of the units suggest a standardized valuation approach within the tower, which often appeals to investors and end-users looking for consistency in premium developments.

Appreciation and Market Trends

The documents indicate that the apartments were originally part of an agreement executed in 2012 and have since appreciated significantly. This growth mirrors the broader trend of capital appreciation across South and Central Mumbai’s luxury housing markets, where limited supply and sustained demand continue to support property values.

Market Implications

This transaction highlights the resilience of Mumbai’s luxury residential segment. Consistent pricing, strong resale values, and demand for completed projects continue to define the market. Prime micro-markets like Mahalaxmi remain attractive to both investors and end-users, reinforcing their position as key real estate hotspots in the city.

Recent Transactions

Recent real estate transactions involving Bollywood celebrities in Mumbai highlight steady demand for luxury homes across prime locations like Bandra, Juhu, and Worli, reflecting continued investor confidence and lifestyle-driven purchases in the city’s premium housing segment.

In a recent transaction, Bollywood actor Preity Zinta sold an apartment in Mumbai’s upscale Pali Hill area of Bandra for ₹18.5 crore. In another transaction, Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore.

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