DLF, Tesla, Apple & WeWork lead big moves in real estate

From Apple’s Borivali store to DLF’s ₹5,500 Cr Gurugram launch, real estate saw high-value deals and strategic investments this month.

1. Hrithik & Rakesh Roshan Sell Andheri Properties for ₹6.75 Cr

• Bollywood actor Hrithik Roshan and his father Rakesh Roshan sold 3 properties in Andheri West in May 2025.
• Rakesh Roshan sold a 1,025 sq ft unit in Veejays Niwas for ₹3.75 Cr (included 2 car parkings).
• Two units in Raheja Classique were sold for ₹2.20 Cr and ₹80 lakh.
• Hrithik Roshan also leased his office space in Mumbai for ₹5.6 lakh per month recently.

2. Apple to Open Second Store in Mumbai’s Borivali, Paying ₹17 Lakhs Rent/Month

• Apple’s upcoming store will be on the ground floor of Oberoi Realty’s Sky City Mall, Borivali.
• This will be Apple’s 2nd Mumbai store and 4th in India (after Mumbai, Delhi, Bengaluru).
• The lease covers 12,616 sq ft retail space, plus 5 reserved parking slots and 150 sq mts of storage space.
• Apple deposited over ₹1 Cr as security.

3. Gauri Khan Rents 2BHK in Mumbai for Staff at ₹1.35 Lakh/Month

• The flat is 100 metres from their rented Pali Hill home while Mannat is under renovation.
• The family has temporarily shifted to two luxury duplexes in Puja Casa for 3 years.
• The staff apartment is a 2 BHK unit in Pali Hill’s Pankaj Premises, measuring 725 sq ft.
• Lease terms: ₹4.05 lakh deposit with 5% annual rent escalation.

4. Tesla Leases Space in Lodha Logistics Park, Mumbai

• Tesla leased 24,565 sq ft of warehouse space at Lodha Logistics Park, Kurla.
• Includes two ground-floor units with a combined 18,000+ sq ft carpet area.
• Tesla now holds offices, showrooms & logistics spaces in multiple Indian cities.
• Lease terms: ₹37.5 lakh monthly rent, 5-year lock-in, total ₹24 Cr over the term.

5. Shaula Real Estates Buys Apartment in Naman Xana for ₹226 Cr

• Bought by Tanya Dubash (Godrej Industries) through Shaula Real Estates Pvt Ltd.
• Apartment spans 11,485 sq ft at ₹2.45 lakh/sq ft.
• Recently, Leena Gandhi Tiwari (USV Ltd) bought a 22,572 sq ft space in the same tower for ₹639 Cr.

6. Arkade Buys Land in Thane for ₹2,000 Cr Project

• Arkade acquired 6.28-acre land in Thane for ₹172 Cr.
• Planned project GDV: ₹2,000 Cr, saleable area of 9.26 lakh sq ft.
• Location: Kasarvadavali, Thane West; offerings: 2, 3, 4 BHK + retail & commercial.
• Recently, Arkade also bought Filmistan land, Goregaon (₹3,000 Cr GDV).

7. WeWork India Leases Over 2,00,000 Sq Ft in Pune & Chennai

• Chennai (WeWork Ramanujan Intellion Park): 1.5 lakh sq ft across 3 floors, capacity of 2,400 desks.
• Pune (Kharadi, Panchshil Realty): 60,000 sq ft across 2 floors, 1,000 desks.
• Both to open in H2 FY25.
• WeWork India now operational across 8 cities with 1 lakh+ desks.

8. Ashwin Sheth Group Acquires 50% Stake in One Marina Project, Mumbai

• Stake acquired from Sheth Creators promoters Vallabh Sheth & Jitendra Sheth, co-owners with YM Infra.
• Backed by ₹540 Cr funding from PAG Singapore.
• Project near Marine Drive; GDV: ₹2,300 Cr.

9. DLF to Invest ₹5,500 Cr in Privana North Project, Gurugram

• New project launched in Sector 76–77, Gurugram.
• Part of DLF’s 116-acre township (after Privana South & Privana West).
• In May 2024, Privana West (12.57 acres) sold 795 units for ₹5,590 Cr within 3 days.
• DLF’s FY24–25 sales bookings: ₹21,223 Cr.

10. Bank of Baroda Wins Jet Airways Office Auction at BKC

• Highest bidder for 83,000 sq ft office space in Godrej BKC tower (Jet Airways insolvency).
• Property = entire floor in 19-storey tower.
• Reserve price: ₹335.24 Cr.
• Brookfield Asset Management holds ROFR (Right of First Refusal).

11. Blackstone Gets CCI Nod to Acquire Stake in Kolte-Patil Developers

• Investment: ₹417.03 Cr infusion.
• Will acquire 25.7% post-issue equity via secondary purchase.
• Total deal value: ₹750 Cr.
• Blackstone to hold 40% equity in Kolte-Patil (excl. open offer).

12. JM Financial Gets 1.4 Lakh Sq Ft Office in Mumbai via CIRP Resolution

• Acquired 142,000 sq ft office space in Mulund high-rise (Ariisto Realty bankruptcy case).
• Market value: ₹150 Cr.
• Transfer formalised on April 4; possession expected Dec 2025.

13. IFC Invests ₹420 Cr in Birla Estates’ Pune & Thane Projects

• Investment routed via 2 SPVs.
• Pune Manjri project: ₹148 Cr, saleable area 3.13 mn sq ft.
• Thane project: ₹272 Cr, saleable area 6.43 mn sq ft.
• Birla Estates: 56% interest, IFC: remainder.

14. NCLT Grants 90-Day Extension in Lavasa Insolvency Resolution

• Lavasa Corp undergoing fresh CIRP (NCLT Sep 2024 restart).
• Liabilities: ₹6,642 Cr.
• Earlier bidder Darwin Platform Infrastructure had offered ₹1,814 Cr.
• Extension granted for value maximisation.

15. CBI Books Supertech Directors in ₹126 Cr Bank Fraud Case

• Raids at 5 premises, incl. company offices & directors’ residences.
• Recovery: incriminating documents & ₹28.5 lakh cash.
• FIR filed based on IDBI Bank complaint.
• Accused: Supertech Ltd, promoter Ram Kishor Arora, and whole-time directors.

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