Akhil Wable’s ₹113 cr buy to Shruti Pai’s duplex & much more
August 11, 2025
India’s real estate shines with luxe buys by Akhil Wable, Shruti Pai, DLF’s Mumbai sell-out & IPO buzz driving fresh market momentum.
1. DataforIndia’s co-founder Akhil Wable buys ₹113 cr property
- Akhil Wable buys a 1280 sq yards plot in South Delhi’s Vasant Vihar
- The property was bought from Eleannt Enterprises months after they had purchased it for ₹95 cr
- The deal was done at ₹9 lakh/square yard which is in line with average price in Vasant Vihar at ₹9-11 lakh/square yard
- In April, Vineet Kapur, founder of skincare brand O3 Plus, & his wife Sonia Kapur had purchased a bungalow in Vasant Vihar for ₹72 crs
2. Mumbai’s luxury real estate market hits ₹14,750 cr sales
- This is an 11% increase in luxury housing sales during H1 2025 compared to ₹12,300 cr in H1 2024
- During this period, Mumbai recorded sales worth ₹14,750 crs across primary & secondary transactions of homes priced above ₹10 crore
- Worli retained its lead as the most preferred luxury destination, contributing 22% of primary sales value
- Other thriving micro-markets included Bandra West with an impressive 192% growth & Tardeo with a massive 254% growth
3. Manipal Group promoter’s wife, Shruti Pai, buys ₹64 cr luxury duplex in Bengaluru
- The apartment spans 12,800 sq ft of super built-up area, with a carpet area of 9,929 sq ft, including balconies and a lift lobby
- Shruti Pai, wife of Ranjan Pai, chairman of the Manipal Education and Medical Group, has purchased a luxury duplex apartment in Bengaluru upscale Jayamahal Extension’s Savyasachi Sarayu
- The property was sold at ₹64,457 per sq ft on the carpet area and ₹50,000 sq ft on the super built-up area, making it among the highest per-square-feet rates recorded in the locality
4. DLF sells all 416 luxury apartments worth ₹2,300 cr in its debut Mumbai project
- Project ‘The WestPark’ in Andheri was launched on July 17, 2025
- DLF announced on July 25 that it has sold out all four towers launched under Phase 1 of its debut luxury project in Mumbai
- DLF & Trident Realty to invest ₹900 cr to develop this luxury project
- The entire project is spread across 10 acres & will feature a mix of 3 BHK & larger apartments ranging from 1,125 sq ft to 2,500 sq ft
5. ED arrests two Ramprastha Group promoters in ₹1,100 cr alleged fraud case
- The agency earlier conducted searches at three locations in Delhi and Gurugram linked to the accused
- It is alleged that RPDPL collected about ₹1,100 crore from more than 2,000 homebuyers for various housing schemes like Project Edge, Project Skyz, Project Rise and Ramprastha City
- ED has arrested Sandeep Yadav & Arvind Walia in connection with an alleged money-laundering case linked to a builder-buyer “scam”
- The possession of the flats is yet to be given even after 15-20 years
6. 7,000 sq ft penthouse in Indirapuram sells for ₹10 cr
- The penthouse is located on the 39th & 40th floors of Saya Gold Avenue in Indirapuram — one of NCR’s tallest residential towers
- The duplex penthouse, which spans the top two floors, features panoramic city views and includes a private terrace garden
- Saya Gold Avenue offers a total of 12 penthouses ranging from ~5,500 sq ft to ~7,000 sq ft, with half already sold
- The per sq ft price works out to be close to ₹14,000 per sq ft
7. Godrej Properties COO and Mumbai Region zonal CEO resign
- Zonal CEO-MMR, Priyansh Kapoor, will be joining as CEO at Arvind SmartSpaces
- The company’s COO Vikas Singhal will step down on July 31 & will be replaced by Sandeep Navlakhe
- The details regarding the cessation and appointment of the senior management personnel were made under the SEBI Master Circular
8. Signature Global to launch homes worth ₹6,000 cr in Gurugram in Jul-Sep: Chairman
- This move aims to capitalize on the robust demand from both end-users and investors in the region’s dynamic real estate market
- The company is set to launch 3.5- 4 mn sq ft in the current quarter and is confident of achieving its target to sell ₹12,500 crs worth of homes this fiscal
- In the 2024-25 financial year, Signature Global emerged as the fifth-largest listed real estate firm clocking pre-sales of ₹10,290 crs
9. Hubtown & DLF resolve dispute over ₹ 10,000 cr South Mumbai project
- The redevelopment project, located on a 17-acre land parcel next to the Willingdon Club in Tardeo, had been stalled for years due to legal and regulatory challenges
- DLF has formally exited the project and withdrawn all ongoing legal proceedings against Hubtown, Twenty-Five Downtown Realty (formerly Joyous Housing), PNB Housing Finance, and other associated parties
- The agreement includes an ₹8 bn payout from Hubtown to DLF
10. Mumbai’s real estate firm, Lotus Developers, to launch ₹792 cr IPO next week
- The developer will focus on prime city locations, redeveloping old buildings into luxury apartments priced at ₹10–50 cr
- Sri Lotus Developers and Realty Ltd is backed by Shah Rukh Khan’s trust, Amitabh Bachchan, Hrithik Roshan & investor Ashish Kacholia
- The company has 4 completed, 5 ongoing, and 11 upcoming projects in Andheri, Juhu, Bandra, and South Mumbai
- The issue will open on July 30 & is commanding a grey market premium of ₹32/share
Conclusion
From Akhil Wable’s ₹113 cr buy and Shruti Pai’s luxe duplex to DLF’s Mumbai sell-out and Lotus Developers’ celeb-backed IPO, India’s real estate market is booming with high-value moves and big-ticket launches. The momentum shows no signs of slowing.
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