Posted on

Asha Bhosle Sells Luxury Apartment in Pune’s Panchshil One North for ₹6.15 Crore

Asha Bhosle Sells Apartment

Legendary singer Asha Bhosle, along with her son Anand Bhosle, has sold their 3,401 sq ft luxury apartment in Pune for ₹6.15 crore. According to the documents accessed by CRE Matrix, the transaction was registered on July 14, 2025. This transaction reflects the consistent appreciation of high-end real estate in Pune’s eastern corridor.

According to the documents accessed, Bhosle originally purchased the apartment in February 2013 for ₹4.33 crore. With the recent sale, the iconic singer has earned a return on investment of approximately 42% over a 12-year holding period.

The apartment is located in Panchshil One North, a premium residential development near Magarpatta City, a thriving IT and commercial hub in Pune. The unit, situated on the 19th floor, includes a 182 sq ft terrace and was sold along with five dedicated parking spaces—a rare and valuable amenity in urban residential markets.

The property has been acquired by two Pune-based buyers, Prerna Gaikwad and Sangram Gaikwad. Public records reveal that over ₹43 lakh was paid in stamp duty, along with a ₹30,000 registration fee.

Strategically located, Panchshil One North offers seamless connectivity. It is approximately 9 km from Pune Airport, 6 km from Kharadi, an emerging IT and business district, and 25 km from Hinjewadi, Pune’s largest IT hub. The project, developed by Panchshil Realty, is known for its upscale residences, world-class amenities, and proximity to key business zones.

This transaction reaffirms the continued demand for luxury homes in well-connected and infrastructure-rich micro-markets, such as Magarpatta and Kharadi. With increasing interest from end-users and investors alike, Pune’s premium residential segment continues to show robust capital appreciation and investment potential.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Posted on

Ahmedabad’s Commercial Ascent: How BFSI Demand Is Transforming the Office Market

Ahmedabad’s Commercial Ascent: How BFSI Demand Is Transforming the Office Market

Ahmedabad, long known for its vibrant culture and business heritage, is rapidly emerging as one of India’s most promising commercial real estate hubs. Recent data shows a clear shift in the city’s office market dynamics — now trending firmly in favour of landlords.

CREDAI+Cre Matrix’s Ahmedabad Office Report – H1 CY’25 highlights that the city is fast emerging as a business hub. The market is transitioning into a landlord-favourable phase. Office rentals are being led by the BFSI sector. BFSI tenants are commanding a 25.5% premium over Grade A/A+ spaces in the first half of the year.

A Market on the Upswing

At the heart of this transformation is soaring demand from the Banking, Financial Services & Insurance (BFSI) sector. In the first half of 2025, this segment accounted for 56% of all office leasing activity in Ahmedabad. This was way outpacing other industries. Trailing behind were IT/ITES firms with a 30% share and industrial occupiers at around 8%.

This surge in demand is reflected in market rents. Grade A and A+ office space now commands about 25.5% more in market rent than earlier contracted rents. Therefore, this is a clear signal that landlords now have stronger pricing power. 

Healthy Supply and Strong Momentum

Ahmedabad’s office stock is roughly 30.5 million sq. ft. of Grade A space, with a vacancy rate of about 19.6%. This indicates solid uptake by businesses. Developers are optimistic, projecting nearly 9.7 million sq. ft. of new office space by 2030. 

Interestingly, the city maintained a balanced supply-demand ratio in H1 2025, with new space added matching the volume leased. This is a rare and healthy sign of commercial market stability. 

GIFT City: A Growth Engine

A major driver of this commercial boom is Gujarat International Finance Tec-City (GIFT City). In fact, it is India’s first operational smart city and International Financial Services Centre (IFSC). Around 35% of the upcoming office supply until 2027 is expected in GIFT City, underlining developers’ confidence in the area’s future. 

With major projects such as Shilp Centrica, Trogon Twin Towers, and The Goodwill Tower IT SEZ underway, GIFT City is quickly becoming a magnet for corporations and investors alike. 

What This Means for Ahmedabad

For landlords and investors, Ahmedabad’s office market presents exciting opportunities. Rising rents and strong leasing activity — especially from BFSI and tech firms — suggest a landlord-favourable environment that’s hard to ignore. 

From a broader economic perspective, Ahmedabad’s commercial evolution signals the city’s growing stature as a national business destination, attracting firms seeking alternatives to traditional metro markets — thanks to a mix of cost advantages, strategic location, and improved infrastructure. 

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions

Posted on

Golf Links Bungalow Sold for ₹100 Crore in Lutyens’ Delhi Luxury Deal

Golf Links Bungalow Sold for ₹100 Crore in Lutyens’ Delhi Luxury Deal

Yashwant Singh, a member of a Rajasthan royal family, has purchased a bungalow in Delhi’s upscale Golf Links area for a staggering ₹100 crore, according to property registration records accessed via CRE Matrix.

The transaction, registered on June 12, 2025, includes a land parcel of 588.97 sq. m with a built-up area of 867.33 sq. m. Singh has reportedly paid ₹7 crore in stamp duty and corporation tax. The seller of the property is Anu Jindal, currently residing in The Camellias, Gurugram. Singh’s address is listed as the prestigious APJ Abdul Kalam Road, New Delhi.

The bungalow, true to Lutyens’ charm, is a 2.5-storey structure that includes a basement, ground and first floors, a barsati (terrace room), and dedicated servant quarters.

Experts say that this deal reaffirms the sustained allure of the Lutyens Bungalow Zone (LBZ), where demand far exceeds supply. Golf Links, in particular, remains one of the most coveted addresses in the capital. With very few listings at any time, buyers often face stiff competition for a foothold in this elite enclave.

Lutyens Bungalow Zone is not just expensive; it’s also highly regulated. As a designated heritage zone, areas like Golf Links, Prithviraj Road, parts of Sunder Nagar, and Bengali Market fall under strict development norms. These include height restrictions, low floor-area ratios (FARs), and limitations on reconstruction.

While the zone is undeniably prestigious, it doesn’t always offer the spatial luxuries one might expect at this price point. In fact, few bungalows here exceed 10,000 sq. ft. of carpet area. But what it lacks in scale, it more than makes up for in legacy, location, and exclusivity.

This ₹100 crore deal is not just a headline-grabber. It’s a signal that Lutyens’ Delhi, and Golf Links in particular, remain untouched by market slowdowns or cyclical shifts. It represents a class of Indian real estate that is less about square footage and more about stature.

Recent Transactions

High-value transactions in Delhi’s luxury real estate market signal continued buyer interest in marquee addresses. In prime zones like Golf Links and across Lutyens’ Delhi, demand remains strong despite limited inventory and strict heritage development norms.

In a recent transaction, Delhi High Court senior advocate Arun Kathpalia purchased a 763 sq yard bungalow in the same Golf Links neighborhood for ₹69 crore. In another transaction, Sanjay Kukreja, a partner at ChrysCapital, and his wife, Shaveta Sharma, purchased a 1,250-square-yard bungalow for ₹155 crore.

Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!

Media Mentions