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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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India’s Office Rents Are Rising Fast — Here’s What the Data Really Shows

India’s Office Rents Are Rising What the Data Shows in 2025

India’s Grade A office markets are entering a decisive upcycle. According to the IIM Bangalore–CRE Matrix Commercial Property Rental Index (CPRI Q2 2025), the latest commercial rental trends reveal not just rising rents, but a clear reshaping of where value, resilience, and pricing power truly lie across cities and micro-markets.

Drawing from recent industry reports and rental indices, here’s a consolidated view of how India’s top office markets performed — and what it means for occupiers, investors, and developers.

Mumbai: The Undisputed Anchor of India’s Office Market

Mumbai continues to lead India’s office rental landscape with unmatched consistency.

  • The city recorded the highest quarterly rental growth at 3.6% QoQ, topping all Indian cities.
  • Over a longer horizon, CBD Mumbai delivered an exceptional 9.6% CAGR over the past five years, underlining the enduring strength of the country’s financial core.
  • Navi Mumbai emerged as the most resilient post-COVID office market, posting the fastest 3-year CAGR of 9.0% nationwide — driven by improving infrastructure, affordability, and sustained occupier demand.

Together, these trends reaffirm Mumbai’s dual strength: premium pricing in established CBDs and accelerating momentum in peripheral growth corridors.

Delhi-NCR: Scarcity Drives Sharp Annual Growth

While Mumbai leads quarter-on-quarter, Delhi dominates the annual charts.

  • Office rents in Delhi surged 16.4% YoY, the highest annual increase among Indian cities.
  • This sharp rise reflects the scarcity of high-quality Grade A supply and strong demand for premium, well-located office assets.
  • Gurugram led NCR’s momentum, with rents rising 3.2% QoQ in Q2 CY 2025 and 8.1% YoY. Strong corporate leasing and limited new Grade A supply in prime sectors continue to tighten the market.

The data clearly shows that in NCR, quality and location are commanding a premium like never before.

Bengaluru & Chennai: Micro-Markets Take the Spotlight

Southern India’s office markets are seeing growth that is increasingly micro-market driven.

  • Whitefield, Bengaluru, grew by 8% QoQ, while continuing to dominate India with the highest rental index value of 243 — the strongest pricing benchmark of any macro-market nationwide.
  • In Chennai, the Northern Suburbs emerged as the breakout performer. They recorded a 9.8% QoQ surge, the highest quarterly growth across India in this period.

These trends highlight a shift where specific business districts, not entire cities, are setting the pace for rental appreciation.

What This Means for the Office Market

The latest rental data points to three clear themes shaping India’s office sector:

  1. Consistency beats volatility – Mumbai’s steady growth reinforces its role as the most reliable office market in the country.
  2. Scarcity fuels pricing power – Delhi’s YoY surge proves that limited Grade A supply translates directly into higher rents.
  3. Micro-markets are the new battleground – From Whitefield to Chennai’s Northern Suburbs, localized demand-supply dynamics are now driving outsized gains.

The Bottom Line

India’s office rental growth is no longer uniform — it’s precise, data-driven, and location-specific. Markets that combine infrastructure readiness, supply discipline, and sustained occupier demand are pulling ahead.

As the gap widens between prime and peripheral assets, granular rental intelligence is becoming critical for decision-makers navigating leasing, investment, and portfolio strategy in India’s evolving office market.

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IKEA Expands Pune Footprint with New City Store at Phoenix Marketcity

Ikea Expands 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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The Bandra Bay Report: Mumbai’s Next Ultra-Luxury Waterfront Destination

The Bandra Bay Report

Mumbai’s skyline is about to change as Bandra Bay emerges as the city’s most ambitious luxury residential and retail hub. According to the Bandra Bay Report by CRE Matrix and Lighthouse Luxury, nearly 8 million sq. ft. of premium residential and retail development is in the pipeline. As a result, Bandra Bay is set to become India’s “Marina Bay Moment.” Together, it brings lifestyle, infrastructure, and investment potential into one landmark destination.

Luxury Housing Demand Driven by BKC Expansion

By 2030, Bandra Kurla Complex (BKC) will see its office stock expand by 7 million sq. ft., creating employment for approximately 8,000 CXOs. This surge in high-earning professionals is expected to fuel robust demand for luxury homes in nearby Bandra Bay. Sea-facing properties in Mumbai already command a 15–20% premium, and with Bandra Bay’s proximity to BKC, it is surely going to attract the city’s top executives seeking premium residences. Current pricing trends indicate a 46% upside compared to Bandra West.

Scale of Development and Marquee Projects

The Bandra Bay catchment is witnessing large-scale investments from marquee developers. These include Adani Realty, Oberoi Realty, L&T Realty, Hiranandani Communities, and Godrej Properties. Together, nearly 8 million sq. ft. of integrated residential and retail projects are underway, cementing the area’s position as Mumbai’s most iconic luxury waterfront. Meanwhile, ultra-luxury homes priced above ₹10 crore now account for 44% of Mumbai’s luxury housing sales. This highlights the city’s growing appetite for high-end living.

Infrastructure Catalyzing Growth

Infrastructure investments totaling over ₹2.4 lakh crore are transforming Bandra Bay into one of India’s best-connected luxury hubs. Key projects include the Mumbai Coastal Road, the Mumbai–Ahmedabad Bullet Train, Metro Lines 2B and 3, and the Atal Setu Bridge, reducing travel times significantly. Bandra Bay is just 9 km from the Mumbai International Airport and 10 minutes from BKC. Therefore, it offers unparalleled connectivity for residents and investors.

Retail and Lifestyle Ecosystem

Bandra Bay sits next to Mumbai’s prime high streets and luxury malls, driving retail rentals upward. Also, premium retail corridors, including Jio World Plaza, Hill Road, and Linking Road, benefit from proximity to high-net-worth residents. These landmarks attract marquee brands and enhance the district’s luxury appeal. Grade A office rents in the Bandra–BKC corridor have risen 21% since 2019, signaling strong commercial synergy alongside residential growth.

A Once-in-a-Generation Opportunity

Positioned as Mumbai’s next ultra-luxury waterfront destination, Bandra Bay offers investors a unique combination of curated land supply, elite demand, and unmatched infrastructure. The district promises sustained capital appreciation, driven by scarcity and strategic location. As Mumbai’s luxury landscape evolves, Bandra Bay is redefining the city’s waterfront living. It blends the social magnetism of Bandra, the corporate heft of BKC, and the architectural ambition of global waterfronts.

Bandra Bay is India’s next marquee real estate opportunity. It offers a truly iconic lifestyle and unmatched investment potential in the country.

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

Amitabh Bachchan buys land parcels 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 - BLOG

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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