Rising Mumbai Prices, Hrithik & Kriti’s Buys, and Much More This Week
August 19, 2025
From Kriti Sanon’s Bandra penthouse to Eaton’s Pune lease and CapitaLand’s ₹19,200 cr push, real estate is rewriting its playbook.
1. Kriti Sanon buys sea-facing luxury duplex penthouse in Mumbai’s Bandra west at ₹78 cr
- The duplex penthouse in Bandra West’s Supreme Prana is spread across the 14th and 15th floors
- The 6,636 sq.ft. home includes a 1,209 sq.ft. private terrace and six dedicated car parks
- At ₹1.18 lakh per sq.ft., it ranks among Bandra’s most expensive celebrity real estate deals this year
- The apartment offers uninterrupted floor-to-ceiling views of the Arabian Sea
2. IKEA India opens its first Delhi store at Pacific Mall
- Swedish retailer IKEA India on August 13 announced its first store in Delhi, at Pacific Mall, Tagore Garden
- Spanning 15,000 sq. ft., the outlet offers a selection of over 2,000 products on display, around 800 available for immediate purchase
- IKEA’s Delhi store follows the ‘One Click, 30 Minutes Away’ model, offering curated solutions like its other city stores in urban hubs
- The Delhi store launch follows IKEA’s NCR online debut in March, as part of its wider omnichannel expansion
3. Hrithik Roshan expands real estate portfolio with ₹31 cr office purchase in Mumbai’s Chandivali area
- HRX Digitech LLP, jointly held by Hrithik and Rakesh Roshan, acquired three office units in the Boomerang building, Chandivali
- These spaces collectively span 13,546 sq ft of carpet area
- The sellers for the recent purchase include Manish Krishangopal Bazari, Shalini Manish Bazari, and Bazspace Pvt. Ltd.
- The deal follows a prior acquisition in 2024, where HRX Digitech procured five office units in the same building for ₹37 cr
4. Keystone Realtors buys 3 Mumbai land parcels to build homes worth ₹7,700 cr
- The company achieved record pre-sales of ₹1,068 cr during April to June 2025, marking a 75% YoY increase
- CMD Boman Irani stated they’ve already surpassed their FY26 target of adding ₹6,000 cr worth of projects
- The company has bagged a ₹4,521 cr project for redevelopment of GTB Nagar Cluster at Sion in Mumbai.
- It secured a ₹2,956 cr project of Lokhandwala Cluster at Andheri (West) and a ₹251 cr redevelopment project at Goregaon (East)
5. Brookfield acquires Jet Airways office floor in Mumbai’s BKC for ₹370 cr
- In 2020, as part of the same insolvency proceedings, it had acquired two floors in the building for ₹490 crs
- Brookfield acquired Jet Airways office space in Godrej BKC by exercising its right of first refusal, under NCLT’s IBC process
- The deal expands Brookfield’s footprint to 250,000 sq ft across three contiguous floors in the 19-storey commerical building
- Those floors are fully leased to marquee tenants including the World Bank and PayPal
6. Eaton Tech leases 1.5 lakh sq. ft. office in Pune for ₹1 cr monthly rent
- The high-grade office space is at Aditya Shagun Infinity IT Park in Pune’s Baner area
- The premises include 150 parking slots each for four-wheelers and two-wheelers, providing ample space for employee vehicles
- Eaton plans to establish its Global Capability Center (GCC) at this location, marking a major strategic move for its India operations
- Over the 10-year term, the rental outlay is projected to exceed ₹250 crs, making it one of Pune’s largest IT park leasing deals in 2025
7. CapitaLand plans ₹19,200 cr push into Mumbai, Pune real estate markets by 2030
- So far, it has invested over ₹6,800 cr across 10 assets in the state
- CapitaLand’s investment (CLI) spans key commercial segments: business parks, data centres, logistics, and industrial parks
- CLI commenced operations in Maharashtra since 2013, beginning with International Tech Park Pune in Hinjawadi developed with MIDC
- Future investments will be routed through CLINT, private funds, and the Ascendas‑Firstspace platform
8. Dow Chemicals leases five floors in Navi Mumbai for ₹1 cr a month
- Dow Chemicals leased 1.79 lakh sq ft in Mindspace Business Park, Airoli, under a 10-year lease
- The leased area spans five floors and includes 225 car parking slots in the non-processing zone of the SEZ
- Mindspace SEZ, located in the Trans Thane Creek Industrial area, is a designated IT/ITes sector special economic zone built on leasehold land
- Fit-out rent for the space is set at ₹29.45 per sq ft per month
9. Maharashtra CM Fadnavis flags rising property prices in Mumbai despite major infra push
- CM highlighted the demand-supply imbalance & emphasizes the need for innovative construction technologies
- Highligting major infra projects like Mumbai Trans Harbour Link, Coastal Road & Navi Mumbai airport, the CM raised concerns on rising property prices in the city
- The CM also highlighted the government’s long-term growth strategy, including the plan to create a ‘Fourth Mumbai’ around the upcoming Vadhavan Port in Palghar district
10. NCLAT clears way for insolvency proceedings against Supertech Realtors
- The insolvency case was filed by Bank of Maharashtra over a ₹168 cr loan default
- Supernova project was being built on a land measuring 70,002 sq mtr at Sector 94, Noida and comprises residential apartments, offices, retail space, and a luxury hotel.
- The proceedings revolve around the ₹2,326 cr Supernova project in Noida, planned as an 80-floor mixed-use tower
Conclusion
This week’s developments highlight the breadth and momentum of India’s real estate market, from Kriti Sanon’s record-breaking Bandra penthouse and IKEA’s Delhi debut to large-scale investments by CapitaLand and major office leases by Eaton and Dow Chemicals. Even as infrastructure expands across cities like Mumbai, rising prices and insolvency proceedings like Supertech’s show that challenges remain amid the growth.
Visit Simplease for property management services.
Speak with our experts at +91‑84 48 802 803
Email us at info@simplease.in
Follow us for more insights on real estate –
– 
– 
– 
Akhil Wable’s ₹113 cr buy to Shruti Pai’s duplex & much more
News tracker: March 03, 2024
ExxonMobil’s lease, ₹100 Cr Delhi bungalow deal & many more
About The Author
