Akshay Kumar sells, Asha Bhosle’s Pune deal & major moves

1. Akshay Kumar sells two apartments in Mumbai’s Borivali for ₹7 cr, earning over 90% ROI

• The two apartments are in a building called Oberoi Sky City, constructed by the listed real estate developer Oberoi Realty
• Akshay Kumar purchased the two apartments in 2017 for ₹3 cr
• 1,101 sq. ft apartment with 2 car parks sold for ₹5 cr; 252 sq. ft studio unit sold for ₹1 cr
• Bollywood actor Akshay Kumar has sold at least eight property units in the past seven months, totalling approximately ₹110 cr

2. Asha Bhosle’s son Anand, sell a luxury apartment for ₹6 cr in Pune

• The apartment is located in a building called Panchshil One North near Magarpatta City in Pune
• The apartment spanning 3,401 sq ft on the 19th floor was sold to two individuals based in Pune, named Prerna & Sangram Gaikwad
• The apartment was initially purchased in February 2013 for ₹4 cr, earning a return on investment of around 42%

3. Angel One founder’s son sells luxury apartment in Mumbai suburb for ₹52 cr

• Vinay Thakkar, son of Angel One founder Dinesh Thakkar had purchased the apartment on the 25th floor in March 2023 for ₹28 cr
• The transaction earned him an 86.7% return in just over two years, with the carpet area priced at approximately ₹1.4 lakh per sq ft
• The apartment located in Atlantis building in Andheri West sprawls a RERA carpet area of 3,891 sq ft, along with a 409 sq ft balcony & 4 car parking spaces

4. BlackRock in talks with developers for 1 mn sq ft office space in NCR

• The company is in talks with Bharti Real Estate and DLF for their upcoming projects ‘Worldmark’ and ‘Downtown’ respectively
• DLF, which has more than 11 million sq ft area in the upcoming ‘Downtown’ complex, has pre-leased majority of the area
• Bharti’s upcoming development at Delhi Aerocity has a total development potential of 17 mn sq ft with 5 mn sq ft of retail
• It will not be a built-to-suit property, but both developers are ready to dedicate the entire tower as per the requirement

5. Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder

• Yogayatan Group has emerged as the highest bidder for the debt-laden Lavasa, increasing its bid to ₹795 cr from ₹725 cr previosuly
• This surpasses Valor Estates’ previous offer of ₹771 cr, although Valor has expressed interest in upping its bid
• DB Realty, did not increase its bid in the latest round & the third bidder in the fray, Welspun Group increased its bid to ₹785 cr

6. Knowledge Realty Trust gets SEBI nod for ₹4,800 cr REIT IPO

• KRT will become India’s largest REIT by gross asset value, with ₹62,000 cr worth of 46 mn sq ft office assets across major citeS
• With 80% ownership retained by sponsors, KRT plans a brand-neutral strategy and future growth through third-party acquisitions
• KRT is backed by real estate major Sattva Group and global investment firm Blackstone
• Prior to the SEBI nod, KRT had already raised ₹1,400 cr from anchor investors

7. ATS Infrastructure repays ₹190 cr to SWAMIH fund post-completion of Gurugram housing project

• The company has repaid ₹133 crore investment made from the SWAMIH Investment Fund I for its residential project ’ATS Marigold’, located on the Dwarka Expressway in Gurugram
• The project had faced construction delays due to the NBFC crisis in 2018 and disruptions during the COVID-19 pandemic
• Following the success of the first fund, the government in this year’s Budget announced a fresh ₹15,000 cr ’SWAMIH Fund’ for completion of 1 lakh units in stalled housing projects across various cities

8. Lodha Developers to launch ₹17,000 cr worth more housing projects by March next year

• The target is of selling ₹21,000 cr worth of properties in the current fiscal year, a 19% increase from the preceding year
• The company has already launched ₹8,000 cr worth of housing projects in the first quarter
• At the beginning of FY2026, the estimated launch is of ₹18,000 cr worth projects but with an acquisition of 5 land parcels in Apr-June quarter, Lodha expects launches of ₹25,000 cr for the entire 2025-26

9. Incuspaze leases 3 lakh sq ft of Grade A office space in Jaipur

• Incuspaze has leased the office space in three locations in Jaipur as a part of its Tier 2 expansion plan
• The office spaces are located at The Edge on Tonk Road, Sitapura Campus in Sitapur, and GT Landmark in Malviya Nagar
• The move is aimed at capitalising on Jaipur’s growing appeal among Global Capability Centres (GCCs), startups, and corporates seeking agile, cost-effective workspaces outside India’s metros

10. MahaRERA lists 1,244 projects ‘under abeyance’ in Pune district

• MahaRERA has listed 4,904 real estate projects under abeyance across Maharashtra with Pune topping the list with 1,244 projects, followed by Thane (548), Raigad (473), Mumbai suburban (441)
• A project is kept under ‘under abeyance’ if they have not received completion certificates or applied for deadline extensions
• Once under abeyance, the project cannot entertain fresh bookings and sales and their project bank accounts are frozen

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