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Tesla Expands India Presence with 33,000 Sq Ft Lease in Gurugram for Service and Delivery Operations

Tesla Leases Space for Service center in Gurugram (2)

In a major step towards strengthening its operations in India, global electric vehicle (EV) giant Tesla has leased over 33,000 square feet at Orchid Business Park on Gurugram’s Sohna Road, according to documents accessed by real estate analytics platform CRE Matrix. This marks Tesla’s continued commitment to establishing a robust EV ecosystem in the country.

The lease agreement, signed on July 28 under the name Tesla India Motors and Energy Pvt. Ltd., is valid for nine years with a three-year lock-in period. The facility will serve as a multi-functional centre—housing a service centre, delivery hub, and retail outlet for Tesla’s growing customer base in the Delhi-NCR region.

As part of the deal, Tesla has taken over the entire ground floor of the Orchid Business Park, covering 33,475 sq ft. The monthly rent is set at Rs 40.17 lakh, calculated at Rs 120 per sq ft, with an annual escalation of 4.75%. The automaker has also paid a stamp duty of Rs 20.69 lakh and deposited Rs 2.41 crore as a security deposit. Additionally, Tesla has secured 51 dedicated car parking slots as part of the transaction.

This new Gurugram facility adds to Tesla’s rapidly growing footprint in India. The company is also set to unveil its second showroom in the country on August 11, located at Worldmark 3 in Aerocity, New Delhi, near the IGI Airport. This follows the successful launch of Tesla’s first Indian showroom—a 4,000 sq ft space at Maker Maxity Mall in Mumbai’s Bandra Kurla Complex (BKC).

Earlier in May 2025, Tesla leased over 24,000 sq ft of warehousing space from Lodha Logistics Park in Kurla (West), Mumbai, at a monthly rent starting from Rs 37.5 lakh. That move underlined Tesla’s focus on building a strong backend supply chain to support vehicle delivery and after-sales service in India.

With these strategic leases, Tesla appears to be laying the groundwork for a full-fledged India launch, potentially ahead of local production or larger import volumes. As the country ramps up infrastructure and incentives for EV adoption, Tesla’s moves indicate long-term confidence in the Indian market.

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K Raheja Corp Subsidiary Acquires 7.43 Acres in Mahalunge, Pune for ₹195 Crore

K raheja Acquires land parcel in Pune

In a major land acquisition move, Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, has purchased a 7.43-acre land parcel in Mahalunge near Pune’s thriving Hinjewadi IT hub. According to property registration data accessed by CRE Matrix, the transaction was valued at ₹195 crore and was officially registered on July 21, 2025.

The land has been acquired from Pune-based Mahalunge Real Estate Developers Pvt Ltd and is reportedly earmarked for a large-scale township development. With growing interest in integrated township models in Pune’s rapidly expanding western corridor, this acquisition signals K Raheja Corp’s continued focus on high-potential micro-markets.

The deal also involved a stamp duty payment of ₹13.67 crore, reflecting the premium nature of the parcel and the location’s rising importance as a real estate hotspot.

Mahalunge, located adjacent to Hinjewadi and Baner, is part of the Pune Metropolitan Region Development Authority’s (PMRDA) smart city development initiatives. With a blend of connectivity, infrastructure upgrades, and residential demand, the area has emerged as a magnet for large-scale real estate investments.

K Raheja Corp’s entry reinforces the trend of top-tier developers staking claim in Mahalunge’s future. With this acquisition, the company is poised to contribute to the next phase of Pune’s urban transformation.

Pune’s real estate landscape is witnessing momentum, with several notable land deals shaping its growth trajectory. In a similar transaction, in November 2024, The Lodha Group purchased a 2.82-acre land plot in Pune’s Hinjewadi for approximately Rs 111 crore. 

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Mirzapur Actor Shweta Tripathi Buys ₹3 Cr Apartment in Chembur’s Supreme Boulevard

Shweta Tripathi Buys Chembur Apartment

According to documents accessed by CRE Matrix, acclaimed actor Shweta Tripathi, best known for her role in the hit series Mirzapur, has purchased a 3 BHK apartment in Chembur, Mumbai, for ₹3 crore. The property is located in Supreme Boulevard, a residential project developed by Mumbai-based real estate firm Supreme Universal.

The apartment spans 938 sq ft of usable area and is situated on the 9th floor of the building. Registered on July 2, 2025, the transaction involved a stamp duty of ₹15 lakh and registration charges of ₹30,000. Notably, Shweta Tripathi availed a stamp duty concession under the Maharashtra government’s policy that offers financial relief to women homebuyers.

The per square foot rate for the apartment stands at ₹32,000, and the deal includes two car parking spaces—an increasingly valued asset in the city’s competitive housing market.

Chembur, a suburb in eastern Mumbai, has experienced a surge in popularity in recent years, partly due to its improved connectivity and the influx of prominent developers. The area gained significant spotlight following two major acquisitions by Godrej Properties – the purchase of the iconic Raj Kapoor Studio and the Raj Kapoor bungalow. The current building under development on that land is part of Godrej’s broader strategy to redefine Chembur’s residential landscape.

With well-established social infrastructure and proximity to major business districts, Chembur continues to attract both end-users and investors alike. Shweta Tripathi’s recent investment further highlights the area’s growing appeal among Mumbai’s high-profile residents.

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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.

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

Golf Links Bungalow sold for Rs 100 crore

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.

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Lodha Developers Acquires 945 Apartments in Mankhurd for ₹567 Crore

lodha buys apartments for redevelopment

In a landmark deal that reflects shifting dynamics in Mumbai’s redevelopment landscape, Lodha Developers has acquired over 945 apartments as Permanent Transit Camp (PTC) units in the eastern suburb of Mankhurd. The transaction, valued at ₹567 crore, marks one of the largest SRA-linked asset transfers in the city to date. According to documents accessed via real estate intelligence platform CRE Matrix, the registration took place on June 3, with Lodha paying a stamp duty of ₹34.02 crore.

A Permanent Transit Camp(PTC) refers to ready-built housing that temporarily or permanently houses project-affected persons, typically slum dwellers or tenants, under SRA (Slum Rehabilitation Authority) schemes. These units help developers fulfill their rehabilitation commitments for ongoing redevelopment projects.

Lodha’s bulk acquisition spans a built-up area of 3.39 lakh sq ft and is part of a compliance-driven strategy. One of its key redevelopment projects in the Vikhroli suburb requires the company to hand over more than 50,000 sq meters of constructed area to the SRA for PTC purposes.

However, with limited land availability in Vikhroli and the long timelines associated with in situ construction, Lodha has opted for off-site fulfilment through this strategic Mankhurd purchase. The seller, in turn, monetizes part of its free sale inventory, reportedly holding over 83,000 square meters of it in the locality. This makes the deal mutually beneficial.

This move highlights the increasing relevance of Mumbai’s eastern suburbs, like Mankhurd, in large-scale urban renewal projects. It also points to a growing trend among developers to explore off-site, asset-backed solutions to meet regulatory obligations swiftly, especially as redevelopment projects face tighter timelines and heightened compliance scrutiny.

As Mumbai’s real estate market continues to evolve, transactions like these are likely to become more common, reshaping how rehabilitation components are addressed in the city’s ever-expanding redevelopment story.

Recent Redevelopment Transactions in Mumbai

Mumbai’s redevelopment landscape is witnessing a surge in high-value transactions as developers race to meet growing housing demand. From bulk SRA unit acquisitions to large-scale society redevelopments, recent deals highlight the city’s shift toward faster, compliance-driven real estate strategies.

In a recent transaction, Kalpataru signed redevelopment contracts for two housing society projects in Chembur and Goregaon, Mumbai, spanning over 1.5 million sq ft with a potential revenue of ₹2,000 crore.

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Apple Leases Prime Retail Space in Mumbai’s Borivali for Second Store in City

Apple Leases Prime Space in Borivali Mumbai

Global tech giant Apple is expanding its retail footprint in India, securing 12,616 sq ft of premium retail space in Mumbai’s fast-growing suburb of Borivali. This marks Apple’s fourth store in the country, following locations in Mumbai, Delhi, and Bengaluru.

The new Apple store will be housed in a prominent mall situated just off the Western Express Highway, a key arterial road connecting Mumbai’s suburbs. The India arm of Apple has signed a long-term lease agreement spanning 10 years and 10 months, with monthly rent starting at Rs 17.35 lakh, which works out to approximately Rs 138 per sq ft.

According to documents accessed by CRE Matrix, the lease registration finalized on May 28 reveals that Apple negotiated a 10-month rent-free period. Rent payments will begin after this initial phase, with a lock-in period of the entire lease term for the licensor and 6 years and 6 months for Apple. The agreement also incorporates structured rent escalations of 15% every 36 months to keep pace with market trends.

Additionally, Apple has agreed to a revenue-sharing model with the mall owners. The lease includes a quarterly revenue share of 2% for the first 42 months, increasing to 2.5% thereafter. Common area maintenance (CAM) charges are fixed at Rs 75 per sq ft. Apple has paid a security deposit of Rs 1.04 crore as part of the agreement.

This move follows Apple’s recent leasing of an 8,000 sq ft retail space in Bengaluru to establish its third store in India, as well as an office lease of 6,526 sq ft in Mumbai’s Bandra-Kurla Complex (BKC), one of the city’s key commercial hubs. The BKC lease commanded a monthly rental of Rs 738 per sq ft. This indicates Apple’s strategic investment in prime real estate to support both retail and office operations.

With this new retail location in Borivali, Apple is tapping into Mumbai’s rapidly developing suburban markets, catering to the growing tech-savvy population outside the city’s traditional commercial zones. The Western Express Highway area offers excellent connectivity and footfall potential, making it an attractive choice for luxury and tech brands aiming to strengthen their presence in India’s largest metropolis.

As Apple continues to expand its physical store network in India, the company is set to bring its premium retail experience closer to more consumers, supporting the growing demand for Apple products in the country.

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Shikhar Dhawan Buys Ultra-Luxury Apartment in DLF’s The Dahlias, Gurugram for ₹69 Crore

Shikhar Dhawan Buys Apartment in the Dahlias (2)

Former Indian cricketer Shikhar Dhawan has purchased a luxury apartment in The Dahlias, a premium project by DLF in Gurugram’s Sector 54. The property was bought for ₹69 crore and is one of the most expensive real estate deals recently.

The property, part of DLF’s most exclusive residential enclave, The Dahlias, is one of the costliest real estate transactions in the country. According to documents accessed by CRE Matrix, the apartment spans an impressive 6,040 sq. ft. and comes with five dedicated parking slots. The registration took place in early February 2025, shortly after Dhawan announced his retirement from all forms of cricket in August 2024.

The base cost of the apartment stands at ₹65.61 crore, while the total transaction value, including a stamp duty of ₹3.28 crore, rounds off at ₹68.89 crore. The rate per square foot comes out to ₹1,14,068.61 on carpet area and ₹1,08,631 on the super area—placing it among the highest price-per-square-foot deals in India’s residential real estate market.

DLF’s The Dahlias is popular for its super-luxury offerings, world-class amenities, privacy, and exclusivity, attracting top-tier buyers, including industrialists, corporate honchos, and now, a cricketing icon.

This move not only underlines Dhawan’s transition into his post-cricket life but also reflects the continued demand for luxury real estate in Gurugram’s Golf Course Road micro-market.

As Dhawan turns the page on his illustrious cricketing career, he seems to be setting new benchmarks in luxury living, continuing to stay in the spotlight, albeit off the field.

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O3plus MD, Wife Buy Delhi Bungalow for Rs 72 Crore

o3plus md buys bungalow

Vineet Kapur, founder and managing director of the skincare brand O3plus, along with his wife Sonia Kapur, has purchased a premium bungalow in Delhi’s posh Vasant Vihar area for a whopping Rs 72 crore. The property, built on a 663 sq m plot, is one of the latest additions to the capital’s booming luxury real estate segment.

According to data accessed via CRE Matrix, the transaction was registered in the first week of April, with Kapur paying a stamp duty of Rs 1.8 crore.

This high-profile acquisition comes shortly after Eleannt Enterprises secured a 1,280-sq yd plot in the same neighbourhood for Rs 95 crore, highlighting Vasant Vihar’s continued appeal among HNIs and business leaders. CBRE acted as the exclusive advisor for Kapur’s deal.

South Delhi, particularly areas like Vasant Vihar, has emerged as a hotspot for luxury homebuyers. Industry estimates peg the real estate potential of this upscale region at an astounding Rs 5.65 lakh crore across 42 colonies regulated by the Municipal Corporation of Delhi (MCD). These colonies, largely classified under Categories A and B, are home to a significant number of high-value residential plots, both occupied and vacant.

As per recent data, there are about 18,446 plots available across these colonies, with plot sizes ranging from 125 sq yd to 1,750 sq yd. Prices currently range between Rs 6 lakh to Rs 15 lakh per sq yd, depending on location, connectivity, and property status.

Over the past couple of years, Delhi-NCR has witnessed a surge in luxury housing sales. This is driven by increasing affluence, generational wealth transfers, and a desire for bespoke, premium living environments. Experts anticipate sustained momentum in this segment as demand continues to rise across both established and emerging luxury micro-markets.

Recent Transactions 

Delhi’s upscale neighborhoods are witnessing a surge in high-value property transactions. From Vasant Vihar to other elite South Delhi colonies, luxury bungalows are being snapped up. This reflects strong demand from HNIs and business leaders seeking premium residences in the capital.

In a recent transaction, Delhi High Court senior advocate Arun Kathpalia purchased a 763 sq yard bungalow in Delhi’s posh Golf Links neighborhood for a whopping  Rs 69 crore. In another transaction, Sanjay Kukreja, a partner at ChrysCapital, purchased a 1,250-square-yard bungalow in the same neighborhood for Rs 155 crore. 

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4 steps to follow to score a great commercial real estate deal

Investing in commercial real estate can prove to be more beneficial when compared to residential properties. Commercial property owners enjoy the extra cash flow, the valuable economies of scale, the comparatively open playing field, the abundant market for good, reasonably-priced property managers, and the chance for a possibly larger payoff from commercial real estate.

Commercial Deal

But how do you assess the best properties? And how do the great deals differ from the duds?

Understand What the Insiders Know

To be a participant in commercial real estate, learn to think like a professional. For instance, understand that commercial property is estimated differently when compared to residential property. Income generated on commercial real estate is directly linked to its usable square footage. That’s not the case when it comes to individual houses. When it comes to real estate investment, commercial properties offer a bigger cash flow. Moreover, commercial property leases are longer when compared to single-family residences. This generally paves the way for larger cash flow.

Learn to Detect a Good Deal 

The leading real estate experts recognize a great deal when they see one. How do they do that? First, they come up with an exit strategy. The finest deals are the ones you know you can move away from. It helps to have the eye of the landowner – always be on the lookout for damage that needs repairs, understand how to evaluate risk and make sure you get the calculator out to guarantee that the property meets your financial objectives.

Chart a plan of Action 

One of the primary parameters of real estate investment of commercial properties is to ask yourself how much can you afford to pay and then shop around for mortgages to get an idea of how much you will pay over the life of the mortgage. Using tools such as mortgage calculators can assist you in coming up with great estimates of the sum cost of your home.

Seek Motivated Sellers

Just like any business, customers are majorly responsible for the growth of real estate. Your job is to seek them, specifically those, who are ready and willing to sell below the market value. The fact is nothing happens until you get a deal, which is generally accompanied by a motivated seller. This is someone with a strong reason to sell below the market value. If your seller isn’t motivated enough, they won’t be ready to negotiate.

Use a Three-Pronged Method to Asses Properties 

You need to be adaptable when looking for good deals for real estate investment. Scour on the internet, read the classified ads, and hire experts to seek the best properties. Agents can assist you in seeking lucrative real estate investment in exchange for a referral fee.In a nutshell, these are some of the steps to follow to score a great real estate investment. Head over to CRE Matrix to look for great deals in the commercial real estate sector in India.