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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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Promoters Sell ₹121 Crore Apartment at Raheja Artesia in Worli

Promoters Sell ₹121 Crore Apartment at Raheja Artesia in Worli (2)

Promoters of K Raheja Corp have sold a super-luxury apartment in Mumbai’s premium residential market. Ravi Raheja, group president of the company, and his wife Sumati Raheja sold a 6,772 sq ft apartment at Raheja Artesia in Worli for ₹121 crore.

The buyers, Shree Dhootapapeshwar Ltd, manufacture and sell Ayurvedic medicines and health supplements. The transaction highlights the continued momentum in Mumbai’s ultra-luxury residential market. Property registration documents show that the transaction was officially registered on February 26, according to data accessed by CRE Matrix.

Property and Transaction Details

The apartment sits on the 44th floor of the tower and spans 6,772 sq ft of built-up area. It also includes an additional 367 sq ft balcony or open terrace space.

Including the outdoor area, the deal value translates to roughly ₹1.7 lakh per square foot. The residence also comes with six dedicated car parking spaces.

Promoters Monetising Premium Inventory

Developers and promoters often retain select inventory in luxury projects and sell these units later as property values rise. Recent transactions at the same project reflect this strategy.

Angel investor Radha Tanti, wife of Suzlon Energy executive vice chairman Girish Tanti, recently purchased another apartment in the same tower from Ravi and Sumati Raheja for ₹123.5 crore.

In another transaction, Chandru Raheja and Jyoti Raheja sold two residences in the building to Suresh Pareek and Veena Pareek, promoters of Ideal Cures Pharma, for a combined ₹190.1 crore. That deal was priced at approximately ₹1,35,970 per sq ft.

Worli’s Luxury Market Continues to Break Records

The latest sale adds to a growing list of high-value transactions in Worli, where several homes have sold for over ₹100 crore in 2024 and 2025.

Limited supply, sea-facing locations, and strong demand from ultra-high-net-worth individuals have strengthened the neighbourhood’s reputation as Mumbai’s “billionaire street.” Premium developments such as Naman Xana, Three Sixty West, and Lodha Sea Face have attracted prominent buyers in recent years.

According to Abhishek Kiran Gupta, CEO of CRE Matrix, such high-value transactions reflect the depth of Mumbai’s ultra-luxury housing segment. Wealthy buyers increasingly view prime homes in the city as both a lifestyle investment and a long-term wealth asset.

Recent transactions at Raheja Artesia highlight the strong demand for ultra-luxury homes in Worli. Several high-value deals involving prominent business families and investors underscore the growing appetite for prime residential assets in Mumbai’s most exclusive neighbourhoods.

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Bobby Deol and Tania Deol Invest Over ₹15 Crore in Commercial Offices in Andheri West

Bobby Deol and Tania Deol Invest Over ₹15 Crore in Commercial Offices in Andheri West (2)

Actor Bobby Deol and his wife, Tania Deol, have made a notable commercial real estate investment in Mumbai. The couple has acquired multiple office units worth over ₹15 crore in Andheri West. According to property registration documents accessed by CRE Matrix, the units are located at Yura Business Park – Phase 2 along the Andheri–Versova Link Road. The transactions highlight continued investor interest in commercial office assets in one of Mumbai’s key business micro-markets.

Deal Details

Bobby Deol purchased Unit C-201, a 71.44 sq. m. office, for ₹3.32 crore, paying ₹19.93 lakh in stamp duty. He also purchased Unit C-202, measuring 79.15 sq. m., for ₹3.68 crore, with stamp duty of ₹22.08 lakh.

Meanwhile, Tania Deol, through her company Greenstone Investments Private Limited, purchased three more units in the same project. These include Unit C-203 (50.63 sq. m., ₹2.35 crore, ₹14.12 lakh stamp duty), Unit C-204 (78.50 sq. m., ₹3.65 crore, ₹21.9 lakh stamp duty), and Unit C-205 (43.94 sq. m., ₹2.04 crore, ₹12.26 lakh stamp duty).

Strategic Investment by Bobby Deol

Bobby Deol and his wife, Tania Deol, have expanded their presence in Mumbai’s commercial real estate by purchasing multiple units. Tania Deol further acquired three additional spaces, bringing their combined investment to over ₹15 crore. Andheri West offers high rental yields, strong capital appreciation, and proximity to media houses, studios, and corporate offices, making it attractive for office tenants. This purchase reflects Bobby Deol’s smart strategy to diversify assets, earn stable rental income, and invest in a high-demand commercial market.

Why Andheri West is Attractive for Investors

Andheri West is one of Mumbai’s most sought-after commercial micro-markets. It offers excellent connectivity through the Andheri–Versova Link Road and is close to media houses, studios, and corporate offices. Office spaces here provide rental yields of 8–10%, often higher than luxury residential properties.

The area attracts not only businesses but also draws high-net-worth individuals and celebrities, looking for stable, income-generating assets. Strong infrastructure, modern commercial projects, and consistent demand make it a preferred choice for investors. With strong demand and limited supply, investing in Andheri West offices is seen as a smart long-term strategy.

Recent Transactions

Recent commercial transactions in Mumbai are increasingly seeing growing interest from celebrities investing in premium office and retail spaces. These buyers are entering the commercial property market, reflecting confidence in well-located assets across key micro-markets that offer stable rental income and long-term value growth.

In a recent transaction, the parents of Hrithik Roshan leased commercial space in Andheri West for ₹14.5 lakh/month, reflecting the strong leasing activity and continued interest in Mumbai’s prime commercial locations.

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Suryakumar Yadav’s Wife Devisha Shetty Buys ₹7.18 Crore Apartment in Chembur

Suryakumar Yadav’s Wife Devisha Shetty Buys ₹7.18 Crore Apartment in Chembur

Devisha Shetty, wife of Indian cricketer Suryakumar Yadav, has added a premium Mumbai property to her portfolio with the purchase of a luxury apartment in Chembur. Property registration documents reviewed by CRE Matrix show that she acquired the apartment for ₹7.18 crore. The transaction was officially registered on February 20, 2026.

Deal Details and Possession Timeline

The apartment is located in Godrej Sky Terraces, a premium residential project in Chembur. The project is developed by Godrej Properties Limited and offers modern amenities and upscale living. The unit spans 140.86 square metres and comes with two car parking spaces. The deal attracted a stamp duty payment of ₹35.90 lakh. As per the agreement for sale, possession of the apartment is scheduled for June 30, 2028.

Celebrity Interest in Mumbai Real Estate

Mumbai’s premium residential market continues to attract celebrities and high-net-worth buyers. Chembur is emerging as a key luxury micro-market, driven by improving connectivity and premium developments. Projects like Godrej Sky Terraces offer lifestyle upgrades along with long-term value, adding to the growing list of high-value residential transactions in the city.

Adding to celebrity real estate activity, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore. In a separate transaction, television actor Tejasswi Prakash purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore.

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Lodha Developers Limited Signs ₹364.81 Crore JDA for Parel–Sewri Land Parcels

Lodha Developers Limited Signs ₹364.81 Crore JDA for Parel–Sewri Land Parcels

Mumbai’s redevelopment story continues to gather pace. Lodha Developers Limited has signed a ₹364.81 Crore joint development agreement (JDA) for over 10 acres of land in the Parel–Sewri belt of central Mumbai.

Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd, both part of the Sahana Group, executed the agreement with Lodha Developers. The parties registered the transaction on February 11, 2026. Lodha Developers paid ₹37.2 crore in stamp duty, according to property registration documents accessed by CRE Matrix.

Project Details and Revenue Share

The total land parcel measures 41,526 square metres. The land parcels covered under the joint development are located on Thackeray Jivraj Cross Road in the Parel–Sewri belt. The project will be developed under the Lodha brand.

Under the terms of the JDA, revenue will be shared between the partners. Lodha Developers will hold a 67 per cent share, while the Sahana Group will receive 37 per cent. The construction timeline for the project is five years.

The deal structure reflects a capital-efficient expansion strategy. Instead of outright land acquisition, joint development allows developers to unlock value while sharing risk and returns with landowners.

Parel–Sewri: A Key Redevelopment Corridor

The Parel–Sewri micro-market has emerged as a major redevelopment hub in central Mumbai. Once dominated by industrial land and aging structures, the belt is now transforming into a mixed-use residential and commercial destination.

Improved connectivity, proximity to South Mumbai, and ongoing infrastructure upgrades have significantly increased the area’s appeal. As a result, demand has strengthened in this micro-market. Moreover, large land parcels are rare in Mumbai, making a 10-acre aggregation in this location a strong signal of long-term development potential.

At the same time, three key factors continue to drive redevelopment in central Mumbai: limited greenfield supply, strong end-user demand, and infrastructure-led value appreciation. Consequently, as landowners and developers replace older buildings and defunct industrial plots, they are actively launching premium housing projects and integrated lifestyle developments to meet evolving buyer expectations.

The Bigger Redevelopment Story

Mumbai’s growth is no longer about horizontal expansion. It is about vertical transformation. Central neighbourhoods like Parel and Sewri are being reimagined through structured redevelopment and planned projects.

Large JDAs such as this underline how developers are securing strategic land parcels without heavy upfront acquisition costs. At the same time, landowners participate in future upside.

As infrastructure upgrades advance and redevelopment accelerates, developers will continue to add sustained residential supply across central Mumbai. The key question will be absorption. If demand momentum holds, projects in well-connected micro-markets are likely to remain resilient.

This 10-acre deal adds another chapter to Mumbai’s evolving redevelopment landscape.

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Tejasswi Prakash Buys ₹7.63 Crore Luxury Apartment in Bandra West

Tejasswi Prakash Buys ₹7.63 Crore Luxury Apartment in Bandra West (2)

Television actor Tejasswi Prakash has purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore, according to property registration documents accessed by CRE Matrix.

The transaction adds to the steady stream of celebrity investments in Mumbai’s high-value residential market. Many of these investments focus on prime micro-markets known for exclusivity and long-term appreciation potential.

Property Details: Bay Heights, Bandra Reclamation

The apartment is located in Bay Heights on Krishna Chandra Marg in Bandra Reclamation. It is one of the most sought-after residential pockets in Mumbai. The project has been developed by Excel Enterprises India Private Limited.

The apartment measures 121.14 sq metres (approximately 1,304 sq ft) and comes with two dedicated car parking spaces. The transaction was officially registered on February 16, 2026.

The actor paid ₹38.15 lakh in stamp duty. As per the agreement, the developer will hand over possession on November 29, 2030.

Bandra West: A Celebrity Favourite

Bandra West continues to be a magnet for high-net-worth individuals, business leaders, and film and television personalities. Its appeal lies in a combination of strategic location and lifestyle advantages—proximity to key business districts, premium sea-facing developments, upscale retail, dining hubs, and established social infrastructure.

Over the years, Bandra has maintained strong capital values despite broader market fluctuations, making it a preferred destination for end-users and investors alike. The locality’s limited land availability and consistent demand have contributed to sustained price resilience.

A Look at Tejasswi Prakash’s Career

Tejasswi Prakash, also known as Tejasswi Prakash Wayangankar, is a prominent face in Hindi television and Marathi cinema. She is the recipient of prestigious industry honours, including the Indian Television Academy Award and the Indian Telly Award. Her growing popularity and consistent on-screen presence reflect her strong standing in the entertainment industry.

Recent Transactions

This acquisition reflects a larger trend in Mumbai’s luxury housing market, where buyers continue to invest in premium homes despite high property prices. Celebrity deals such as this draw significant attention, shape market sentiment, and strengthen confidence in prime micro-markets. With constrained supply and consistent demand, these neighbourhoods remain a preferred choice for celebrities and long-term investors.

In another notable deal, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore.

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Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for ₹85 Crore

Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for ₹85 Crore

In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for ₹85 crore, according to property registration documents accessed by CRE Matrix.

Deal Details

The company acquired three units with a combined carpet area of around 3,162 sq ft, including a primary apartment measuring approximately 2,004.8 sq ft and two additional units of about 578.67 sq ft each. India Best Buy Private Limited sold the properties. The deal was registered on February 10, 2026, and Reliance Industries Limited paid nearly ₹5.10 crore in stamp duty, according to official documents.

A Premium South Mumbai Address

One Altamount Road stands in the prestigious Altamount Road–Cumballa Hill belt. The location ranks among Mumbai’s most exclusive residential zones. It attracts industrialists, business families, and ultra-high-net-worth buyers seeking prime city addresses.

Corporate Demand Remains Strong

This acquisition highlights sustained corporate interest in South Mumbai’s luxury housing market. Large companies and high-net-worth individuals continue to invest in prime assets despite high property prices and significant transaction costs.

The deal reinforces confidence in Mumbai’s top-tier residential micro-markets, where demand remains resilient for trophy properties.

Recent Transactions

Mumbai’s luxury real estate market has witnessed a steady surge in high-value transactions, with corporates, industrialists, and high-net-worth individuals acquiring premium homes in prime locations. Despite elevated prices, demand for exclusive addresses in South Mumbai continues to remain resilient.

In a recent transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli for Rs 123.5 crore. In another transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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Bollywood Actor Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Mumbai’s luxury housing market has recorded another celebrity transaction. Bollywood actor Ishaan Khattar has purchased a premium apartment in Pali Hill, Bandra, for ₹29.37 crore. Property registration documents accessed by CRE Matrix confirm the deal. The transaction once again underlines Pali Hill’s position as one of Mumbai’s most sought-after luxury residential micro-markets.

Deal Snapshot: Key Details

Ishaan Khattar has acquired a luxury apartment at Navroz Apartments in Bandra’s prime Pali Hill neighbourhood, under the Navroze Premises Co-operative Society. Kapil M Mahtani sold the property, and the transaction was registered on February 5, 2026. The apartment measures 2,989.05 sq ft in carpet area and comes with four parking spaces. As per the documents, Khattar paid ₹1.76 crore as stamp duty for the transaction.

Why Pali Hill Attracts Bollywood Stars

Pali Hill remains one of Mumbai’s most prestigious residential addresses. The neighbourhood continues to attract celebrities, business leaders, and high-net-worth individuals seeking exclusivity and privacy. Luxury apartments in this micro-market command premium pricing, with rates ranging between ₹80,000 and ₹1.30 lakh per sq ft. Limited supply and sustained demand keep values firm across market cycles.

Bandra’s strategic location adds to its appeal for the film fraternity. Pali Hill offers convenient access to major film production hubs in Andheri, Versova, Juhu, and Goregaon Film City. This proximity reduces commute time for actors and production teams and enhances lifestyle convenience. The location advantage continues to make Bandra a preferred residential base for Bollywood professionals.

Pali Hill’s Star-Studded Resident List

For decades, Pali Hill has served as Bollywood’s most recognisable celebrity enclave. Several leading film personalities own homes in the area, reinforcing its premium brand value. Notable residents include Shah Rukh Khan, Aamir Khan, Ranbir Kapoor, Alia Bhatt, Dilip Kumar, Jackie Shroff, and Sanjay Dutt. The concentration of high-profile residents sustains the locality’s aspirational appeal.

Recent Transactions

Mumbai’s luxury housing segment continues to record high-value buying and selling activity. Recent transactions show sustained appetite for prime assets, even as some owners monetise long-held properties. Celebrity deals, in particular, reflect confidence in premium micro-markets and reinforce their pricing power.

In a recent transaction, Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore. In another transaction, popular comedian Bharti Singh has sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore.

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Suzlon Vice Chairman Girish Tanti’s Wife Buys Rs 123.5 Crore Luxury Home in Worli

Suzlon Vice Chairman Girish Tanti's Wife Buys Rs 123.5 Crore Luxury Home in Worli

Mumbai’s ultra-luxury home market continues to experience historic transactions, indicating strong demand at the upper end. Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, has purchased a premium apartment in Worli for Rs 123.5 crore, according to property documents accessed by CRE Matrix. The acquisition demonstrates the area’s popularity among business families and wealthy investors. It further strengthens Worli’s reputation as one of Mumbai’s most desirable premium residential areas.

Property Overview and Transaction Details

The Rs. 123.5 crore transaction includes a premium apartment on the 44th functional floor of Artesia, a super-luxury residential skyscraper near the Doordarshan Centre in Worli. The apartment has an RERA carpet area of roughly 6,772.28 sq ft. It also includes 367.05 sq ft of balcony or open terrace space, making it one of the biggest properties in the development. The seller of the property is K Raheja Corp’s Ravi Raheja and Sumati Raheja. A stamp duty of about Rs 6.18 crore was paid for registration.

Worli’s Growth as a Luxury Residential Hotspot

Worli continues to attract ultra-high-net-worth individuals because of its central location and improved connectivity, aided by infrastructure developments like the Bandra-Worli Sea Link and the coastal road, which improve access to key commercial hubs such as Lower Parel and BKC.

What This Deal Signals for Mumbai Luxury Housing

The luxury housing segment in Mumbai continues to show stable demand trends. Large-format homes in prime locations remain in limited supply. Buyers with strong balance sheets continue to prefer tangible assets. This combination supports steady demand at the top end of the market. Buyers remain selective, but premium homes in strategic locations continue to close high-value deals.

In a recent transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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