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India’s Office Rental Market Is Surging in 2025 – What the CPRI Q4 Report Reveals

Rental Office India

India’s Office Rental Market in 2025 stays resilient as businesses expand in major cities. The Commercial Property Rental Index (CPRI) Q4 Report from IIMB-CRE Matrix offers data-driven insights into Grade A office rental changes across key areas.

For instance, the Q4 2025 study shows steady growth in India’s Office Rental Market in 2025. It highlights strong momentum in select cities and emerging micro-markets shaping commercial real estate.

The IIMB-CRE Matrix, from the Indian Institute of Management Bangalore and CRE Matrix, boosts transparency and data insights in India’s commercial real estate market.

India’s Office Rental Market Shows Steady Growth

The most recent research shows stable and consistent rental growth in India’s top office markets.

The key national indicators are:

  • 3.0% year-over-year rental growth
  • CAGR: 5.2% over three years
  • CAGR: 4.2% over five years
  • 4.4% ten-year CAGR

This steady performance shows strong demand. It comes from key sectors like technology, financial services, consulting, and global capability centers (GCCs).

How Do Major Indian Cities Perform in the Office Rental Market?

Mumbai
Mumbai leads office rental growth with a 10% three-year CAGR and 13.4% YoY rise, driven by strong demand and limited Grade A/A+ supply in prime business districts.

Gurugram
Gurugram’s office market shows strong momentum with 12.9% YoY growth and 8.7% three-year CAGR, supported by MNC leasing and growth along Sohna Road.

Bengaluru
Bengaluru records the highest CPRI score of 207, with tech firms and GCCs driving demand in Whitefield and Outer Ring Road office corridors.

Hyderabad
Hyderabad’s office rentals remain stable with 0.6% YoY growth and 3.9% three-year CAGR, led by demand in HITEC City and Gachibowli.

Pune
Pune’s Grade A/A+ office market grew 0.9% YoY with a 5.2% three-year CAGR, supported by strong IT demand in Hinjewadi.

Chennai
Chennai saw rentals drop 17.5% year on year. It also had a 3.2% fall over three years. However, quarterly growth in areas like the Northern Suburbs shows local demand bouncing back.

Noida
Noida’s rental index fell 4.4% year on year. But it kept a 4.1% growth rate over three years. Leasing along the Greater Noida Expressway still drives its commercial growth.

Navi Mumbai
Navi Mumbai shows mixed trends. Rentals dropped 3.4% year on year. Yet it gained 5.7% over three years. In fact, the city had the biggest rank jump among major markets.

Delhi
Delhi office rentals rose 11.2% YoY with a 6.8% three-year CAGR, driven by demand in established CBD locations.

Thane
Thane saw 9.1% YoY rental growth and 5.5% three-year CAGR, supported by infrastructure upgrades and competitive rents near Mumbai.

Mumbai Leads Office Rental Growth 

Among India’s major office markets, Mumbai has emerged as the fastest-growing city for office rentals. For instance, the report shows its highest 3-year CAGR of 10.0%. This highlights strong, consistent growth across its office corridors. Moreover, Mumbai led quarter-on-quarter growth in Q4 2025, with rents up 2.8%. As a result, this reflects robust occupier demand and steady leasing in prime locations.

Gurugram Continues to Show Strong Momentum 

For example, Gurugram ranks among India’s most dynamic office markets. This stems from multinational corporations, global capability centers, and a growing financial and consulting ecosystem. Moreover, the report shows 12.9% year-on-year rental growth. As such, it stands as one of the country’s top performers. In turn, this signals strong leasing demand across the city.

Bengaluru remains India’s largest office market

While Mumbai leads in rental growth, Bengaluru continues to dominate the total market. The city had the highest CPRI index rating of 207, indicating the size and depth of its office market.

Bengaluru’s leadership is bolstered by its status as India’s technological hub, with a high concentration of global capability centers, technology businesses, and startups that continue to fuel office demand.

Emerging High-Growth Office Micromarkets

The research stresses high-performing office micromarkets in India’s cities. They grow more important.

Among them, Whitefield in Bengaluru had the top rental rise. It grew 18.7% over three years. Tech companies and new business clusters drive strong demand.

Meanwhile, Chennai’s Northern Suburbs led macro-markets this quarter. Rentals jumped 9.7% quarter on quarter.

Thus, these corridors speed up. Reasons include better infrastructure, fresh developments, and growing corporate presence.

What Does This Mean for India’s Commercial Real Estate Market?

Q4 2025 CPRI data shows India’s office rentals stay stable and grow. Mumbai leads in growth. Meanwhile, Gurugram keeps a fast pace. Bengaluru remains the largest office hub.

At the same time, new micro-markets in big cities drive the future demand. As businesses expand in India, demand for top Grade A spaces in key areas will stay strong.

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Thane City Housing Market Trends: Demand, Supply & Price Growth Since 2022

Thane City Housing Market Trends

Thane’s housing market value has gradually expanded, driven by constant demand and growing prices in the mid and premium segments. According to the Thane Housing Report – Jan’26 by CRE Matrix and CREDAI-MCHI Thane, while affordable and mid-range residences dominated volume, higher-priced apartments accounted for a rising share of total sales value, indicating market appreciation and buyer upgrading.

Thane City Housing Overview Since 2022

Thane’s apartment housing market expanded significantly between 2022 and 2025, owing to increased demand from Mumbai and around the world, with purchasers looking for better value and lifestyle. Property prices have consistently climbed, with 2BHK apartments dominating new launches, appealing to end-users and middle-class families. Because of the scarcity of land, large townships, skyscrapers, and contemporary facilities became more popular. Thane has been one of the fastest-growing residential hubs in the MMR thanks to improved connectivity, metro developments, and social infrastructure.

Rising Demand, Limited Supply, and Market Value

Since 2022, demand in Thane has remained continuously strong, with quarterly sales stabilizing at approximately 3,250 units, indicating consistent end-user desire. Despite a 50% decline in new launches in CY ’25, sales remained consistent at roughly 3,250 units per quarter, demonstrating continuing buyer interest. The imbalance has resulted in an 8% drop in unsold inventories, reaching 55.6k units, indicating robust absorption. Overall, low supply combined with constant demand has helped protect prices and strengthen Thane’s position as a robust residential market within the MMR. The mismatch has led to a progressive decrease in unsold inventories (~8%), indicating an improved market balance. 

Thane City Housing in a Nutshell

Thane City’s apartment market value has steadily increased throughout the years, aided by consistent demand and constrained supply. Despite a significant reduction in new product introductions in recent years, sales velocity has remained consistent, resulting in a progressive decline in unsold inventories. This demand-supply imbalance has helped sustain and push market values upward, cementing Thane’s position as a robust and appealing residential choice in the MMR.

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Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Celebrity couple Virat Kohli and Anushka Sharma have made a fresh real estate investment in Alibaug, acquiring over five acres of land for ₹37.86 crore, according to property registration documents accessed by CRE Matrix. This marks their second land purchase in the coastal town near Mumbai within the last four years.

Transaction Details

The latest transaction was registered on January 13, 2026. It involves two adjoining land parcels located in Zirad village, close to Awas Beach in Alibaug, Raigad district. One parcel measures 14,740 square metres, while the second plot is 6,270 square metres. The combined land area is 21,010 square meters, or approximately 5.2 acres. They purchased the two parcels for a cumulative value of ₹37.86 crore.

As per the registration documents, the couple paid a stamp duty of ₹2.27 crore to complete the transaction. The registration fee is ₹30,000. The seller in the deal is Sonali Amit Rajput, while Samira Land Assets Private Limited is the confirming party.

Earlier Investment in the Same Area

Kohli and Sharma are already familiar names in Alibaug’s real estate landscape. In fact, around four years ago, the couple had made headlines after purchasing an eight-acre land parcel for approximately ₹19 crore in the region. A luxury villa has since been constructed on that plot. It features amenities such as a temperature-controlled swimming pool, a bespoke kitchen, multiple bathrooms, a jacuzzi, landscaped gardens, covered parking, and staff quarters.

Alibaug Real Estate Market Snapshot

Alibaug has steadily evolved into a premium residential and second-home market, supported by better connectivity and strong lifestyle-driven demand. According to local brokers, apartment capital values in the area currently range between ₹15,000 and ₹17,000 per sq ft. Land prices vary depending on zoning, with agricultural plots priced at ₹3–5 crore per acre. Non-agricultural land, on the other hand, commands ₹8–10 crore per acre.

Growing Appeal Among High-Net-Worth Buyers

With limited land availability and a rising number of celebrity homeowners, Alibaug continues to draw long-term investors seeking exclusivity and capital appreciation. High-value transactions such as this further highlight the region’s transition from a weekend getaway to one of Maharashtra’s most closely tracked luxury real estate markets.

In a recent transaction, Bollywood megastar Amitabh Bachchan purchased three adjoining land parcels in The House of Abhinandan Lodha (HoABL), Alibag Phase 2, a premium gated development by HOABL Landbuild Pvt. Ltd.

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Facebook India Leases 69,702 Sq Ft Office Space in Hyderabad’s Hitec City

Facebook India office lease in Hyderabad

Meta Platforms’ Indian arm, Facebook India Online Services Pvt Ltd, has further strengthened its footprint in Hyderabad with a fresh office lease in the city’s prime IT corridor, Hitec City. According to the documents accessed by CRE Matrix, the company has signed a five-year lease for nearly 69,702 sq ft of Grade A office space. This reaffirms Hyderabad’s position as one of India’s most resilient and attractive technology hubs.

Details of the Lease Transaction

Facebook India has leased the space in Skyview 20, part of The Skyview commercial complex, from Mahanga Commercial Properties Pvt Ltd. According to the lease documents, the agreement was signed on December 2, 2025, with rent commencement starting on December 18, 2025.

The monthly rental is close to ₹67 lakh, translating to rentals of around ₹96 per sq ft. The lease agreement also includes a 15% rental escalation after three years, reflecting both the quality of the asset and sustained occupier confidence in the micro-market.

Reinforcing Hyderabad’s Tech and GCC Ecosystem

This large-format transaction highlights Hyderabad’s continued appeal to global technology companies, particularly for Global Capability Centres (GCCs). Over the years, Hitec City has evolved into a deeply institutionalised office market, offering scale, modern infrastructure, and long-term flexibility—key requirements for multinational occupiers.

Commenting on the transaction, Abhishek Kiran Gupta, CEO and Co-founder of CRE Matrix, said the deal underscores Hyderabad’s strength as a strategic GCC and technology hub. He noted that occupiers are increasingly willing to pay a premium for Grade A office assets that offer operational efficiency, scalability, and future-ready infrastructure.

Such transactions, especially at near-70,000 sq ft scale, signal sustained demand from global tech players and reinforce Hitec City’s status as one of India’s most stable and sought-after office micro-markets.

Meta’s Longstanding Presence in Hyderabad

Meta’s association with Hyderabad dates back to 2010, when the company opened its first India office in the city. Since then, it has consistently expanded its presence, making Hyderabad a key centre for its India operations.

In fact, towards the end of 2024, Meta renewed leases for a significantly larger office footprint—around 367,000 sq ft—within the same Skyview property. These renewals were executed through two separate agreements for an additional five-year tenure, with a total rental commitment of approximately ₹170 crore. The latest lease further consolidates Meta’s long-term commitment to the location.

Office Market Momentum Across India

Technology companies and flexible workspace operators led absorption during the year, driven by GCC expansion, return-to-office strategies, and India’s growing role in global business operations.

Facebook India’s latest lease in Hitec City is more than just an expansion—it is a strong endorsement of Hyderabad’s office market fundamentals. As global technology firms continue to deepen their India presence, well-located, Grade A assets in established IT corridors are likely to remain in high demand, supporting stable rentals and long-term market confidence.

Recent Transactions

Hyderabad’s commercial real estate market continues to gather momentum, with several large-format office space transactions in key micro-markets driven by technology companies and global capability centres expanding operations in the city.

In a recent transaction, Global real estate consultancy Jones Lang LaSalle Property Consultants India (JLL) leased 1.21 lakh sq ft of office space at Prestige Skytech – Sky One in Poppalguda, Gandipet mandal, Hyderabad. In another transaction, WeWork India leased 1,75,953 sq ft at Skyview 20 in Hitech City.

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Housing Market Outlook 2026: Developers Expect Prices to Rise as End-User Demand Stays Strong

Developer Sentiment Survey 2026 India Housing Market

India’s housing market is heading into 2026 with strong momentum. The 2026 Developer Sentiment Survey by CREDAI and CRE Matrix cites sustained end-user demand and controlled supply as key drivers.

The survey, conducted in November and December and based on responses from 647 real estate developers across the country, reveals growing confidence in price appreciation and long-term market stability—driven largely by genuine end-user demand rather than speculative activity.

The outlook also reflects a sharper alignment between developer strategies and evolving buyer preferences, with many players refining their product mix, pricing bands, and go-to-market approaches for the coming year.

Nearly 70% Developers Expect Over 5% Price Growth

As per the findings, 68% of developers expect housing prices to rise by more than 5% in calendar year 2026:

  • 46% anticipate price growth in the 5–10% range
  • 18% expect prices to increase between 10–15%
  • 3% foresee a sharper appreciation of 15–25%
  • 1% believe prices could rise by over 25%

On the other hand, 25% of developers expect price growth to remain below 5%, while only 8% anticipate a decline in housing prices, indicating limited downside risk in the market.

Regionally, West India and the NCR are seen leading in stronger price growth expectations, reflecting tighter supply conditions and sustained end-user traction in key micro-markets.

The survey report was released during the CREDAI Conclave held in New Delhi on December 19–20, underscoring the industry’s collective outlook for the coming year.

Demand Outlook Remains Broadly Positive

Beyond pricing, developer sentiment around housing demand remains upbeat. Nearly two-thirds of respondents expect residential demand to grow by more than 5% in 2026, reflecting sustained interest from end-users.

This trend suggests that recent housing demand is being driven by genuine needs—such as home upgrades, urbanisation, and lifestyle changes—rather than short-term investment speculation.

In terms of product strategy, developers are sharpening their focus on formats and price points aligned with current buyer preferences:

  • 43% are focusing on 3BHK homes as the primary launch typology, signalling sustained demand for larger homes
  • 38% are allocating new launches to the ₹1–3 crore segment, highlighting strong traction in the mid-to-premium bracket
  • 38% plan to expand into the senior living segment, reflecting rising interest in age-specific housing and long-term lifestyle communities

Digital channels are also playing a decisive role in demand generation, with 58% of developers attributing a significant share of home sales to online platforms and digital marketing, underlining the growing importance of tech-led sales strategies.

Calibrated Supply and Focus on Efficiency

Industry voices noted that housing market growth is increasingly being driven by genuine end-user demand rather than speculative activity. Developers are adopting a more calibrated approach to new supply, with greater emphasis on:

  • Cost efficiency through technology adoption
  • Better alignment between project offerings and evolving homebuyer preferences
  • Sustainable and timely project execution

Faster project approvals and greater regulatory clarity are also seen as critical to sustaining momentum. Streamlined clearances can help unlock new housing supply, improve delivery timelines, and support more balanced urban growth across markets.

Long-Term Value Creation in Focus

Abhishek Kiran Gupta, CEO and Co-founder of CRE Matrix and IndexTap, stated that the survey reflects steady demand expectations, disciplined supply additions, and a sharper focus on long-term value creation within the residential real estate sector.

Rather than aggressive expansion, developers appear to be prioritising sustainability, execution certainty, and market alignment—factors that are likely to define the next phase of housing growth in India.

Outlook: Stable Growth with Limited Volatility

Overall, the survey points to a residential market that is structurally stronger, demand-led, and less speculative than in previous cycles. With most developers expecting moderate-to-healthy price appreciation and demand growth, the housing sector appears well-positioned for steady expansion in 2026. The growing focus on 3BHK homes, the ₹1–3 crore segment, senior living formats, and digital-first sales channels, combined with a stronger price outlook in West India and NCR, indicates a more strategic and demand-aligned growth phase—provided regulatory processes continue to improve, and macroeconomic stability holds.

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Madhuri Dixit and Dr. Shriram Nene Sell Juhu Apartment for ₹3.9 Crore

Madhuri Dixit and Dr. Shriram Nene Sell Juhu Apartment for ₹3.9 Crore

Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, have sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore, according to property registration documents accessed by CRE Matrix. The transaction was registered on December 15, 2025, marking another high-profile residential deal in Mumbai’s western suburbs.

The apartment is located at Flat No. 41 on the fourth floor of Iris Park, Deep Varsha Co-operative Housing Society, situated on Military Road in Juhu (400049). Notably, the property has a carpet area of 780.13 sq ft. It is located within one of Mumbai’s most sought-after residential micro-markets, known for its celebrity ownership.

Transaction Details

The total consideration recorded in the sale deed stands at ₹3.90 crore. In addition to the sale value, a security deposit of ₹19.5 lakh formed part of the transaction. The buyer of the apartment is Mrs Darshana Ghatlia. As reflected in the stamp duty calculation sheet within the registered documents, the buyer also availed a 1% stamp duty concession under the Maharashtra government’s women homebuyer benefit scheme.

Nearly 100% Appreciation Since 2012

Madhuri Dixit and Dr. Nene had originally purchased the Juhu apartment in June 2012 for ₹1.96 crore. The latest transaction reflects a capital appreciation of nearly 100% over a period of 13 years. The strong price growth indicates Juhu’s enduring appeal as a premium residential destination, where demand remains resilient despite market cycles.

Juhu continues to command consistent buyer interest due to its strategic location, proximity to the coastline, established social infrastructure, and concentration of celebrity residences. Limited availability of premium homes in the area has supported steady capital appreciation, with celebrity-owned properties often attracting additional valuation premiums.

Recent Transactions

Celebrity real estate transactions in Mumbai remain closely tracked indicators of market strength. As a result, recent high-value deals in established western suburbs stand out. Moreover, they highlight resilient demand. At the same time, limited supply continues to support steady capital appreciation in prime residential pockets.

In a recent transaction, popular comedian Bharti Singh sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore. In another transaction, Preity Zinta sold her premium apartment in Mumbai’s upscale Bandra locality for ₹14.08 crore. 

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Mahindra Logistics Locks 3.28 Lakh Sq Ft Lease in Telangana

Mahindra Logistics Locks 3.28 Lakh Sq Ft Lease in Telangana

Mahindra Logistics Ltd (MLL) continues to accelerate its nationwide growth strategy in 2025, with a clear focus on strengthening its presence beyond traditional metro markets. According to documents accessed by CRE Matrix, MLL has leased 3.28 lakh sq ft of warehousing space in Siddipet, Telangana. The move reflects a calculated push toward emerging industrial corridors and fast-growing Tier-II and Tier-III locations.

The warehousing facility has been leased from Sri Aditya Industrial Logistics Park Private Limited and is located at Baswapuram, Kothur (Mulugu Mandal), Siddipet district. According to lease documents, the agreement spans 60 months, with Mahindra Logistics committing to a monthly rental of ₹6.89 crore. 

This transaction reinforces MLL’s ambition to build a pan-India logistics network that goes beyond established metro hubs. With manufacturing and consumption dispersing into smaller cities, Siddipet’s strategic location offers proximity to growing industrial clusters and improved regional connectivity across Telangana.

Part of a Larger Expansion Playbook

The Siddipet lease is not an isolated transaction but part of an aggressive expansion cycle by Mahindra Logistics throughout 2025. In January, the company leased 4.75 lakh sq ft of warehouse space near Khed, Pune, under a five-year agreement valued at nearly ₹73 crore. Shortly after, MLL added almost 4 lakh sq ft of warehousing capacity in the Northeast, covering key markets such as Guwahati and Agartala.

In another major move, April 2025 saw the logistics major secure a long-term lease for 4.75 lakh sq ft near Kolkata’s Howrah district, one of the largest logistics leasing transactions in eastern India this year. Collectively, these deals reflect a deliberate effort to diversify MLL’s warehousing and distribution footprint across multiple regions — Telangana in the south, Maharashtra in the west, Assam and Tripura in the northeast, and West Bengal in the east.

Riding the I&L Real Estate Upswing

Mahindra Logistics’ expansion comes at a time when India’s industrial and logistics (I&L) real estate sector is witnessing record demand. According to CBRE South Asia, leasing activity across the top eight Indian cities touched 37 million sq ft during January–September 2025, marking a 28% year-on-year growth.

The momentum has been powerful in the first half of 2025, with leasing volumes reaching an all-time high of 27.1 million sq ft. Demand continues to be driven by third-party logistics (3PL) players, e-commerce firms, manufacturing companies, and consumer goods enterprises scaling up their supply-chain infrastructure.

While established hubs such as Delhi-NCR, Bengaluru, and Hyderabad still dominate leasing volumes, Tier-II and Tier-III markets are rapidly gaining traction. This structural shift toward geographically diversified warehousing is reshaping India’s logistics landscape — a trend that Mahindra Logistics appears keen to capitalize on.

The Bigger Picture

The Siddipet warehouse lease underscores Mahindra Logistics’ long-term confidence in India’s evolving supply-chain ecosystem. By aligning its growth strategy with emerging consumption centers and industrial belts, the company is positioning itself to serve clients more efficiently while future-proofing its logistics network in a decentralizing economy.

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

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

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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Capgemini Sells Airoli Knowledge Park to Panchshil Realty Subsidiary in ₹550 Crore Deal

Capgemini Sells Airoli Knowledge Park to Panchshil Realty Subsidiary

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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Anand Rathi Wealth’s Co-Founder Buys ₹132 Cr Flat at Lodha Sea Face, Worli

Anand Rathi Group family buys 10,000-sq-ft flat in Lodha's Worli project

Mumbai’s luxury real estate market continues to make headlines, with yet another record-breaking transaction in Worli. Pradeep Navratna Gupta, Co-Founder and Vice Chairman of Anand Rathi Wealth, along with his wife Preeti Pradeep Gupta, has purchased a sprawling apartment at Lodha Sea Face for a staggering ₹1,31.74 crore.

The deal, executed on August 20, 2025, was registered with Lodha Developers Ltd as the seller, according to documents accessed via CRE Matrix. The couple paid ₹7.90 crore in stamp duty for the property.

The sprawling apartment is located on the 40th floor of the project, identified as Apartment No. 4001 in Wing A. With a carpet area of 10,538 sq. ft. and seven dedicated car parkings, the residence offers both scale and exclusivity. 

What makes this deal stand out even more is the project’s positioning in Mumbai’s high-end market. With prices crossing ₹1.25 lakh per sq. ft., Lodha Sea Face sits at the top of the city’s most desirable addresses.

Highlighting the significance of the transaction, Abhishek Kiran Gupta, CEO and Co-Founder of CRE Matrix, remarked that this ₹130+ crore deal is yet another validation of Mumbai’s unmatched position in India’s luxury housing market. He noted that Worli continues to attract top business leaders and wealth creators, reaffirming the city as the ultimate destination for luxury real estate investment.

These transactions highlight a growing trend where HNIs and business leaders are increasingly investing in luxury real estate. More than just an upgrade in lifestyle, it represents a reliable long-term investment.

Developed by the Lodha Group, Lodha Sea Face is one of the most exclusive residential towers in Mumbai. It combines expansive layouts with bespoke amenities and unmatched sea views, making it a top choice for India’s elite.

As Worli cements its status as a luxury residential hub, deals like these reaffirm Mumbai’s reputation as the undisputed capital of India’s luxury housing market.

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