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DLF’s The Camellias Registers ₹270 Crore in Ultra-Luxury Property Transactions

Luxury Transactions in the Camellias

Gurugram’s ultra-luxury housing market continues to set new benchmarks. DLF’s flagship project, The Camellias, recorded four high-value property registrations worth a combined ₹270 crore in September 2025, according to data accessed by CRE Matrix.

The transactions included two primary sales of penthouses directly from DLF and two secondary-market deals. This brings out both investor confidence and end-user demand for India’s most coveted residential address.

A 14,830 sq ft penthouse, originally sold to Rahul Talwar and Ashna Vijay Chopra in 2015 for ₹59.64 crore, was recently registered with a stamp duty of ₹3.57 crore. The residence includes five parking spaces, as per CRE Matrix records dated September 15, 2025.

Another 13,035 sq ft penthouse, sold in 2021 to Chandrika Thatai for ₹51.17 crore, was registered on September 26, 2025. The deal carried a stamp duty of ₹2.55 crore and includes five parking spaces. Thatai, a fashion accessories entrepreneur and home textile exporter, is among the growing list of successful entrepreneurs investing in DLF’s marquee property.

In the secondary market, Rachna Sawhney sold a 7,361 sq ft apartment to Parmeet Singh Chadha and Gurminder Kaur Chadha for ₹65 crore. The deal, registered on September 24, 2025, attracted a stamp duty of ₹3.90 crore and came with four parking spaces. The apartment is reportedly valued at ₹85–90 crore, reflecting the property’s strong appreciation potential.

In another high-profile deal, Pioneer Urban Land and Infrastructure Limited acquired a 9,419 sq ft apartment from Anuradha Duggal for ₹95 crore. Registered on September 29, 2025, the deal carried a stamp duty of ₹6.65 crore and includes five parking slots. The transaction underscores continued institutional and corporate interest in luxury real estate as a long-term asset.

Located on Golf Course Road in Gurugram, DLF The Camellias represents the pinnacle of ultra-luxury living in India. With expansive layouts, private terraces, world-class amenities, and panoramic views of the Aravalli Hills, the project has become a magnet for India’s elite — from industrialists and business leaders to celebrities and investors.

The property consistently commands among the highest price points per square foot in the country, often exceeding ₹1 lakh per sq ft for prime units. This demand surge highlights a broader trend: the resilience and growth of India’s luxury housing segment, even amid broader market fluctuations.

The recent ₹270 crore worth of registrations at The Camellias are not just isolated high-value deals; they signify a deeper shift in India’s real estate market. Affluent buyers are increasingly prioritizing lifestyle, exclusivity, and asset value, while developers like DLF continue to raise the bar in design and luxury experience.

As India’s wealth base expands, ultra-luxury projects like The Camellias are expected to remain the preferred choice for both long-term investors and end-users seeking unmatched comfort, security, and prestige.

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Zomato Hyperpure Expands Supply Chain with 5.5 Lakh Sq Ft Lease in Bhiwandi

Zomato Leases Warehouse Space

Zomato Hyperpure, the business-to-business division of Eternal Ltd (formerly Zomato Ltd), has made a significant move to scale its supply chain infrastructure by leasing over 5.5 lakh sq ft of warehousing space in Bhiwandi near Mumbai. According to data from CRE Matrix, the company has paid a security deposit of ₹8.57 crore and stamp duty of ₹26.98 lakh for the lease registration.

The facility, located at Hiranandani Industrial Park, Mauje Pogaon, spans 553,249 sq ft and has been taken on a five-year lease with a 48-month lock-in period. The agreement starts with a monthly rent of ₹1.71 crore and includes a 150-day rent-free period to facilitate fit-out work and operational setup before rent payments commence in full.

This marks Hyperpure’s second major warehousing lease in Bhiwandi within two months. In September, the company took up another 250,000 sq ft facility in the same region. The consistent expansion reflects Zomato’s commitment to building a robust, tech-enabled logistics network to support its fast-growing B2B food supply business.

Bhiwandi has long been a preferred warehousing and logistics hub in the Mumbai Metropolitan Region (MMR). Its connectivity to Mumbai, Thane, and Navi Mumbai, and its proximity to the Mumbai–Nashik Highway and Jawaharlal Nehru Port (JNPT) make it ideal for large-scale occupiers such as e-commerce, retail, and food service companies.

It should be noted that large, structured leases like this underline sustained demand for Grade A warehousing in India. The country’s warehousing sector continues to see robust traction driven by rising consumption, e-commerce growth, and supply-chain consolidation.

As companies prioritize efficiency and scalability, the trend is shifting towards long-term leases in modern, tech-integrated industrial parks. Zomato Hyperpure’s latest move is a clear example of this transformation, where logistics infrastructure becomes a strategic growth enabler, not just a backend function.

With demand from sectors such as manufacturing, retail, and food services continuing to rise, industry watchers expect this momentum to sustain well into the next few years.

Recent Transactions

Mumbai’s warehousing market continues to attract major occupiers, with several large-scale lease deals recently signed across key logistics hubs like Bhiwandi and Panvel. Strong connectivity, rising consumption, and Grade A infrastructure are driving sustained demand from e-commerce, retail, and manufacturing players.

In a recent transaction, FM India Supply Chain Private Limited leased 1.31 lakh sq ft of industrial space at Lodha Industrial Park, located in Palava City, Thane district, near Mumbai.

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Amitabh Bachchan Sells Two Oberoi Exquisite Apartments in Goregaon for ₹6 Crore Each

Amitabh Bachchan sells Goregaon Apartment

Megastar Amitabh Bachchan has sold two adjoining luxury apartments situated on the 47th floor of Tower C, Oberoi Exquisite, in Oberoi Garden City, Goregaon East, Mumbai, for a total consideration of ₹12 crore, according to registration records accessed by CRE Matrix. Each apartment spans 169.08 sq. m. (approximately 1,820 sq. ft.) of super built-up area and was sold for ₹6 crore. Both units come with two car parking spaces each.

The buyers have been identified as Asha Ishwar Shukla (Flat 4701) and Mamta Surajdev Shukla (Flat 4702). The agreements were executed on October 29, 2025, and registered on October 31, 2025, with a stamp duty of ₹30 lakh and a registration fee of ₹30,000 paid for each apartment.

Located in the heart of Goregaon East, Oberoi Exquisite is a part of the premium integrated township Oberoi Garden City, developed by Oberoi Realty. The project is known for its luxurious residences, panoramic city views, and world-class amenities. Residents enjoy access to facilities such as landscaped gardens, a swimming pool, clubhouse, gymnasium, and ample open spaces, making it one of the most coveted addresses in Mumbai’s western suburbs.

The broader Oberoi Garden City ecosystem offers a self-sustained lifestyle with top-notch infrastructure, including the Oberoi Mall, The Westin Mumbai Garden City, Oberoi International School, and Oberoi Commerz business towers. The development’s seamless integration of residential, commercial, educational, and hospitality spaces continues to attract high-profile buyers and investors, reinforcing its reputation as a landmark destination in Mumbai’s real estate landscape.

Recent Transactions

In recent months, Mumbai’s luxury real estate market has seen a flurry of celebrity property deals, with prominent film stars, business leaders, and sports personalities investing in or selling premium apartments across upscale neighborhoods.

In a recent transaction, Bollywood actor John Abraham rented out his luxurious Bandra apartment to a publisher for ₹7.5 lakh per month. 

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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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