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John Abraham Leases His Bandra Apartment for ₹7.5 Lakh a Month

John Abraham leases Bandra Apartment

Bollywood actor John Abraham has rented out his luxurious Bandra apartment to a publisher for an impressive ₹7.5 lakh per month, according to property documents accessed by CRE Matrix.

The apartment, spread across 2,000 sq. ft. on the third floor of Green Acre, has been leased for a tenure of three years (36 months). The lease agreement was registered on October 30, with a stamp duty of ₹70,100 and a registration fee of ₹1,000. A security deposit of ₹24 lakh was also paid as part of the transaction.

While John Abraham has yet to comment on the lease, the deal highlights the continued demand for premium residential properties in Mumbai’s upscale suburbs.

Bandra remains one of Mumbai’s most coveted residential destinations, especially among Bollywood celebrities, cricketers, and high-net-worth individuals. The suburb is known for its blend of charm and luxury, dotted with sea-facing apartments, cafes, and art deco buildings.

Local real estate brokers note that the per-square-foot rate for premium Bandra properties now exceeds ₹1 lakh, reaffirming its status as a prime luxury hub in the city’s property market.

Recent Transactions

Mumbai’s luxury real estate market continues to draw attention with a string of high-profile celebrity transactions. From lavish residential leases to premium commercial deals, Bollywood stars and business icons are making notable property moves across the city’s most coveted locales.

In a similar transaction earlier this year, Bollywood star Manoj Bajpayee and his wife, Shabana Bajpayee, leased two commercial properties in Mumbai’s Andheri West for a monthly rent of ₹10.9 lakh for five years.

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FM India Supply Chain Leases 1.31 Lakh sq ft at Lodha Industrial Park near Mumbai for ₹33 Crore

FM India Leases Warehouse space

FM India Supply Chain Private Limited, a leading logistics and warehousing solutions provider, has leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park, located in Palava City, Thane district, near Mumbai. As per documents accessed by CRE Matrix, the transaction is valued at over ₹33 crore, reflecting the rising demand for Grade A industrial and logistics facilities across the Mumbai Metropolitan Region (MMR).

Palava Induslogic 4 Private Limited, a subsidiary of Lodha Developers, owns the leased premises. As per the property documents, the lease agreement was registered on October 28, 2025, with a five-year tenure.

The agreement specifies a starting monthly rent of ₹50.37 lakh and a security deposit of ₹2.65 crore, along with provisions for annual rental escalation. This translates to a rent of approximately ₹31.60 per sq ft per month. The tenant is also liable to pay common area maintenance (CAM) charges amounting to over ₹2.11 crore.

The company paid a stamp duty of ₹1.78 lakh at the time of registration.

Located strategically near major transport corridors and industrial hubs, Lodha Industrial Park in Palava City is emerging as a preferred logistics destination for occupiers seeking high-quality infrastructure, efficient connectivity, and operational scalability.

The transaction further reinforces the strong leasing momentum in the industrial and warehousing segment across MMR, driven by the expansion of e-commerce, 3PL, and manufacturing players.

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IKEA Expands Pune Footprint with New City Store at Phoenix Marketcity

Ikea leases store in Pune

Global furniture giant IKEA’s India arm has taken a strategic step in expanding its footprint in the city of Pune by leasing approximately 37,259 sq ft of retail space in the prominent mall Phoenix Marketcity Pune. The lease, signed for a span of four years and eleven months, commenced on 25 September 2025 and is slated to run until 24 August 2030, according to documents accessed by CRE Matrix.

Positioned on the ground floor of the mall in Viman Nagar Road, Lohegaon, this site will become a “city store” for IKEA India, signalling a move to deepen its omnichannel presence in the Pune market—beyond just online and major destination stores. The monthly starting rent set by IKEA is ₹38.12 lakh, the total agreement value at ₹3.06 crore, and the initial security deposit paid at ₹1.15 crore (from a required ₹2.3 crore), highlighting the seriousness of the commitment. 

According to IKEA India, Pune has long been a key market where strong customer demand has been evident—many of its shoppers have historically travelled to the Navi Mumbai store for inspiration and full-range home furnishing. The launch of online e-commerce services in Pune in January 2020 made it the second Indian city after Mumbai to access IKEA’s full range digitally—over 6,500 well-designed, affordable home furnishing products are now accessible online to local shoppers.

By choosing a city-store format in a high-traffic mall, IKEA appears to be bridging the gap between its digital channel strength and the classic store experience, thereby tapping into both convenience-oriented consumers and the traditional retail-experience seekers. In a city known for its expanding residential base, improved infrastructure, and rising urban lifestyle demands, this move aligns well with the growing appetite for modern home solutions among Pune’s middle- and upper-income segments.

IKEA India’s new lease in Pune is a clear signal of the brand’s intent to combine physical retail, digital access, and local market penetration—all aimed at delivering a richer “home furnishing” experience to a city that is increasingly important in its growth map.

Earlier in September 2025, IKEA signed a nine-year lease with Pacific Development Corporation for 14,471 sq. ft. at Pacific Mall, West Delhi, with a security deposit of ₹4.25 crore.

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Amitabh Bachchan Buys Three Land Parcels in Alibaug Worth ₹6.6 Crore

Amitabh Bachchan Buys land in Alibaug

Bollywood megastar Amitabh Bachchan has expanded his real estate portfolio with a new acquisition in the coastal haven of Alibaug. According to property registration data accessed by CRE Matrix, Bachchan has purchased three adjoining land parcels in The House of Abhinandan Lodha (HoABL), Alibag Phase 2, a premium gated development by HOABL Landbuild Pvt. Ltd. The deals were registered on October 7, 2025, for a total consideration of ₹6.6 crore. The three plots together span 9,557 sq. ft and carry a total stamp duty payment of ₹39.58 lakh.

The first plot, No. 97, has an agreement value of ₹2,78,96,841 with a stamp duty of ₹16,74,000 and covers an area of 4,047 sq. ft. The second, Plot No. 98, is valued at ₹1,92,06,587 with a stamp duty of ₹11,52,500 for an area of 2,776 sq. ft. The third plot, No. 99, carries an agreement value of ₹1,88,62,400 with a stamp duty of ₹11,32,000 and spans 2,734 sq. ft. Together, these land parcels form a sizable investment in one of the most sought-after luxury developments along the Konkan coast.

Industry experts note that Alibaug’s real estate market has witnessed a surge in demand in recent years, driven by improved connectivity through the Mumbai Trans Harbour Link (MTHL), proximity to South Mumbai, and the growing trend of weekend homes among affluent buyers. 

The House of Abhinandan Lodha’s Alibag Phase 2 project stands out for its exclusive gated infrastructure, scenic coastal views, and curated lifestyle offerings. The development is strategically located near Alibaug town, Mandwa Jetty, and the upcoming Navi Mumbai International Airport, further boosting its appeal as a premium investment destination.

The project features luxurious 4-Bed Serviced Châteaux priced from ₹4.9 crore plus taxes and charges, with built-up areas of over 2,000 sq. ft, designed for those seeking a blend of modern comfort and coastal serenity. With Amitabh Bachchan’s latest acquisition, Alibaug continues to cement its reputation as the “Hamptons of Mumbai” — a serene retreat and an emerging hotspot for celebrities, entrepreneurs, and high-net-worth individuals looking to invest in exclusive coastal living.

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Capgemini Sells Airoli Knowledge Park to Panchshil Realty Subsidiary in ₹550 Crore Deal

Capgemini sells land parcel to panchshil realty

In one of the largest commercial real estate transactions of 2025 in the Mumbai Metropolitan Region (MMR), Prime Lohegaon Infraspaces LLP,  a subsidiary of Pune-based Panchshil Realty, has acquired Capgemini’s Knowledge Park in Airoli, Thane, for ₹550 crore. The transaction was registered on September 17, 2025. It also attracted a stamp duty of ₹27.5 crore, according to property registration documents accessed by CRE Matrix.

Located in the Thane Creek Industrial Area at Dighe, Airoli, the acquisition includes multiple land parcels and buildings spread over 15.38 acres. The expansive campus comprises five commercial buildings, a training center, utility structures, a visitors’ plaza, three cafes, and a guest house, making it a significant commercial hub in the region.

The Knowledge Park has been a key IT hub, housing thousands of technology professionals over the years. Several prominent companies, including Here Technologies (Here Mumbai), GEP, Atos Global IT Solutions & Services Pvt Ltd, and Solcen Technologies Pvt Ltd, currently occupy office spaces within the campus.

This acquisition reflects Panchshil Realty’s growing interest in strategic commercial assets in prime urban micro-markets. Airoli, known for its robust infrastructure, excellent connectivity to Mumbai and Navi Mumbai, and an established IT ecosystem, has emerged as one of the most sought-after commercial destinations in the MMR.

For Panchshil Realty, a developer with a strong footprint in Pune’s commercial real estate segment, this deal signifies a strategic expansion into Mumbai’s thriving IT corridor. The asset’s scale, location advantages, and tenant profile make it a valuable addition to Panchshil’s growing commercial portfolio.

Recent Transactions

Mumbai and its neighboring city, Thane, have seen strong activity in the commercial real estate market. Increasing interest in office, retail, and mixed-use properties reflects the region’s status as a prime business hub for investors and developers. 

In a recent transaction, Lumina CloudInfra Pvt Ltd, backed by global investment giant Blackstone, acquired two prime land parcels in Chandivali, Andheri East, for a combined ₹475 crore. In another translation, the Reserve Bank of India (RBI) acquired a 4.61-acre land parcel at the prestigious Nariman Point in South Mumbai for ₹3,472 crore. 

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Lumina CloudInfra Acquires Prime Chandivali Land in ₹475 Crore Deal

Lumina Cloudinfra Acquires Chandivali Land

In one of the largest recent land transactions in Mumbai’s eastern suburbs, Lumina CloudInfra Pvt Ltd, backed by global investment giant Blackstone, has acquired two prime land parcels in Chandivali, Andheri East, for a combined ₹475 crore. According to documents accessed by CRE Matrix, the company purchased 2.04 acres from Prasoon Spaces LLP for ₹294 crore, with stamp duty of ₹17.64 crore, and 1.75 acres from Chawla Brothers LLP for ₹181 crore, with stamp duty of ₹10.86 crore. Both transactions were registered on September 19, 2025.

The combined 3.79-acre parcel is strategically located in Chandivali, a well-established residential-commercial hub near Powai, Saki Naka, and key arterial roads in Andheri East. The area has seen growing demand for residential townships, IT/ITES campuses, and data center developments, making it an attractive acquisition for infrastructure-focused investors.

Lumina CloudInfra, a data center platform owned and managed by Blackstone’s Real Estate and Tactical Opportunities funds, had announced in November 2023 plans to invest over $300 million (around ₹2,500 crore) to develop a hyperscale data center campus in Navi Mumbai’s Airoli locality. The Chandivali acquisition aligns with Blackstone’s India strategy of expanding its portfolio in high-demand, infrastructure-backed assets, particularly in residential, commercial, and tech-driven developments.

As Mumbai’s eastern corridor continues to evolve as a hub for IT, residential, and data infrastructure, this acquisition underscores the growing interest of global investors in strategically located land parcels with strong long-term growth potential.

Recent Transactions

Recent land transactions in Mumbai signal strong investor confidence, with major deals in key suburban hubs reflecting rising demand for strategically located parcels for commercial developments.

In a recent transaction, the Reserve Bank of India (RBI) acquired a 4.61-acre land parcel at the prestigious Nariman Point in South Mumbai for ₹3,472 crore. In another transaction, the Adani Group acquired a premium land parcel spanning more than 1.1 acres in South Mumbai’s Carmichael Road. 

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IKEA Signs 9-Year Lease for Retail Space in Pacific Mall, Delhi

Ikea leases retail space in Delhi

Global home furnishing giant IKEA has signed a nine-year lease agreement with Pacific Development Corporation for a prominent retail space in Pacific Mall, Najafgarh Road, West Delhi. The deal was registered on April 9, 2025, and covers a 14,471 sq. ft. area. It comes with a substantial security deposit of ₹4.25 crore, as per data shared by CRE Matrix.

The lease structure starts with a monthly rent of ₹30 lakh in the first year, with gradual escalations over the lease tenure. In the second year, the rent rises by 3.75% to ₹31.12 lakh. There will be a 2.41% hike in the third year, amounting to ₹31.87 lakh. A significant increase occurs in the fourth year, with the monthly rent jumping by over 20% to ₹38.49 lakh. This remains stable for the fifth and sixth years. In the seventh year, another sharp escalation of 18% pushes the rent to ₹45.42 lakh per month. However, this remains fixed through the eighth and ninth years. The agreement includes an 8-month lock-in period for the licensee.

This strategic expansion reflects IKEA’s increasing focus on penetrating high-footfall urban retail hubs. By securing a flagship global brand as a tenant, Pacific Mall strengthens its market positioning and is expected to see a further boost in customer traffic and overall brand mix.

The new store in West Delhi aligns with IKEA’s innovative ‘One Click, 30 Minutes Away’ model. Unlike large-format IKEA stores in Bengaluru, Hyderabad, and Navi Mumbai that offer the complete IKEA experience, the city store model caters to urban customers seeking curated solutions. The 15,000 sq. ft. store at Pacific Mall will stock around 800 smaller ‘cash-and-carry’ products available for immediate purchase. Altogether, there will be a display of a total of 2,000 items. Customers will also have the option to order products from IKEA’s full range, including kitchen solutions. The Customer Distribution Centre in Farrukhnagar will deliver them.

This move highlights IKEA’s continued strategy to expand its footprint in India. It reflects IKEA’s focus on blending physical and digital experiences for modern urban shoppers.

Recent Transactions

Delhi’s commercial real estate market remains active, witnessing several high-value lease transactions recently, driven by strong demand from global brands and retailers seeking prime urban retail and office spaces.

Reflecting this trend, in August 2025, Tesla India Motors and Energy Pvt Ltd recently entered into a nine-year lease agreement for an 8,200 sq ft showroom space located in Delhi’s Aerocity.

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RBI Acquires Prime 4.6-Acre Nariman Point Land from MMRCL for ₹3,472 Crore

RBI buys plot in Nariman Point

In one of the biggest real estate transactions this year, the Reserve Bank of India (RBI) has acquired a 4.61-acre land parcel at the prestigious Nariman Point in South Mumbai for a whopping ₹3,472 crore. The deal was officially registered on September 5, attracting a stamp duty of over ₹208 crore, as documented via CRE Matrix.

The newly acquired plot holds immense strategic importance, situated near key landmarks such as the Maharashtra state government’s secretariat, Mantralaya, the Bombay High Court, and several corporate headquarters. Nariman Point has long been one of India’s most sought-after commercial real estate hubs, maintaining its premium despite the rise of newer business districts like Bandra-Kurla Complex (BKC) and Lower Parel.

Originally, the Mumbai Metro Rail Corporation Ltd (MMRCL), responsible for executing Mumbai’s metro projects, had planned to auction the land through a global tender. This marked the first time a parcel at Nariman Point had been put on the market since the area was developed as a planned commercial zone in the early 1970s. However, in January, the RBI expressed its interest in acquiring the site to expand its headquarters, leading MMRCL to cancel the tender and proceed with the direct sale.

The land is currently a vacant and open tract in Mumbai’s central business district, one of the most expensive commercial real estate markets in India. The RBI is expected to develop the site for institutional purposes, further consolidating its footprint in the city.

For MMRCL, the sale aligns with a broader effort to optimise land use and generate revenue to support ongoing metro expansion projects in Mumbai. The organisation holds several prime land parcels across South and Central Mumbai, aiming to monetise these assets to aid in the city’s growing public transport infrastructure needs.

Abhishek Kiran Gupta, CEO & Co-Founder, CRE Matrix, said, “The RBI’s ₹3,470-crore acquisition of the 4.16-acre Nariman Point plot marks a watershed moment in India’s real estate landscape. With close to 1.6 million sq ft of buildable potential, including 1,13,500 sq ft allocated for rehabilitation, this government-to-government deal not only reinforces Nariman Point’s status as Mumbai’s commercial heart but also establishes a new benchmark for premium land consolidation. Such landmark transactions, rare even by global standards, highlight the strong institutional confidence in Mumbai’s enduring role as the country’s financial epicenter.”

As Mumbai continues to evolve as a financial powerhouse, this landmark transaction highlights the importance of strategic land management by the government and financial institutions. The RBI’s acquisition of the Nariman Point plot reflects a long-term vision to strengthen India’s institutional infrastructure in its economic capital.

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US-Based NRI Couple Buys Two Sea-Facing Luxury Apartments in Bandra for ₹56 Crore

US NRI couple buys apartments in Bandra 1

A US-based Non-Resident Indian (NRI) couple has made headlines by purchasing two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore. The transaction was registered on September 3, 2025, and is among the highest-value deals recorded in the area, according to property registration documents accessed by CRE Matrix.

The two apartments are part of the prestigious Satguru Kismet project, located in a prime neighborhood close to Sachin Tendulkar’s bungalow, the vibrant Carter Road promenade, and the upcoming Bandra-Versova Sea Link connector. Each apartment spans 2,189 sq ft, with an additional balcony deck area of around 120 sq ft, offering panoramic sea views and ample living space. 

The apartments were sold at a record price of ₹1.27 lakh per sq ft, which places them among the highest rates in Bandra West. Industry experts noted that while some apartments in Pali Hill, Bandra West, have been sold at rates exceeding ₹1.40 lakh per sq ft, such sea-facing properties continue to attract ultra-premium pricing due to their location and exclusivity.

The financial structure of the deal reveals that the NRI couple made a significant down payment of nearly ₹10 crore to the developer, with the remaining balance payable in phased installments. Additionally, the buyers paid a stamp duty of ₹1.68 crore and a registration fee of ₹30,000 for each apartment, in line with regulatory requirements.

Currently, Satguru Kismet is an under-construction project with a RERA deadline set for December 2027. Given its ultra-prime location, sea-facing view, and high-end specifications, the project continues to attract interest from NRIs and wealthy individuals seeking luxury homes in Mumbai.

Bandra West has long been a favorite among affluent homebuyers, offering a unique blend of scenic coastal views, strong connectivity, and access to Mumbai’s best lifestyle amenities. The area’s status as a residential and commercial hotspot remains unchallenged, further driven by infrastructure developments such as the upcoming Bandra-Versova Sea Link. This landmark deal highlights the continued demand for high-value properties in Mumbai and reflects the confidence of NRIs in the city’s real estate market as a strong investment opportunity.

Recent Transactions

Recent high-value property deals highlight Mumbai’s booming luxury real estate market, with NRIs and investors acquiring premium sea-facing apartments in Bandra and nearby localities. In a recent transaction, Pradeep Navratna Gupta, Co-Founder and Vice Chairman of Anand Rathi Wealth, purchased a sprawling apartment at Lodha Sea Face in Worli for a staggering ₹1,31.74 crore.

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PVR INOX Secures 15-Year Lease for 10-Screen Megaplex at Borivali’s Sky City Mall

PVR Inox Leases retail space in Borivali

PVR INOX Ltd has expanded its footprint in Mumbai with a major leasing deal at Borivali’s Sky City Mall. According to property registration documents accessed by CRE Matrix, the cinema giant has leased 43,534 sq. ft. of retail space from Oberoi Realty for a 15-year term.

The agreement, registered on July 9, 2025, outlines a monthly rental of ₹91.42 lakh or 20% revenue share (biannually), whichever is higher. Additionally, PVR INOX has paid a security deposit of ₹10.97 crore, with a clause that mandates a 15% escalation every 36 months. The transaction also includes a five-year lock-in period, ensuring long-term stability for both parties.

Although the fit-out access was granted in March 2024, the rent commencement has been scheduled for July 30, 2025.

Coinciding with the lease registration, PVR INOX announced on August 22, 2025, the launch of a 10-screen megaplex at Sky City Mall. Spread across 43,500 sq. ft., the multiplex is designed to deliver a premium cinematic experience.

The megaplex features foyers, lounges, and 10 uniquely designed auditoriums with a combined seating capacity of 1,372. This opening marks another milestone in PVR INOX’s strategy of strengthening its presence in Mumbai’s suburban markets, where demand for modern entertainment infrastructure continues to rise.

The Borivali megaplex aligns with PVR INOX’s ongoing expansion plans as it consolidates its leadership position in the Indian multiplex industry. By entering into a long-term agreement with Oberoi Realty, the company ensures a strong foothold in one of Mumbai’s busiest suburban retail hubs.

With Borivali emerging as a vibrant residential and commercial catchment, the Sky City Mall megaplex is expected to attract significant footfall. This has further boosted the area’s retail and entertainment ecosystem.

Recent Transactions

Mumbai’s commercial real estate market continues to witness high-value transactions, with leading developers, corporates, and retailers securing premium spaces across the city. From long-term office leases to retail expansions, these deals highlight strong demand and confidence in Mumbai’s growth potential. 

In a recent transaction, Global tech giant Apple leased 12,616 sq ft of premium retail space in Mumbai’s fast-growing suburb of Borivali. In another transaction, Tesla leased a 24,500 sq. ft space in Lodha Industrial and Logistics Park, Kurla West, to set up its first vehicle service center in India.

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