Blackstone, DLF & Godrej lead key moves in realty & leasing

From Blackstone’s ₹3,250 Cr mall deal to DLF’s NRI-led ₹11,000 Cr sales, real estate saw major deals and leasing activity this month.

1. Blackstone Acquires South City Mall, Kolkata for ₹3,250 Cr

• American PE firm Blackstone acquired South City Mall, Kolkata for ₹3,250 Cr.
• Marks the largest real estate deal in the city and in the mall space in eastern India.
• Mall spans 1 million sq ft and generates ₹1,800 Cr annual turnover.
• Houses 150+ Indian and global brands including Zara, Shoppers Stop, Pantaloons, Puma, Skechers.

2. R. Madhavan Rents Luxury Apartment in BKC for ₹6.5 Lakh/Month

• Actor R. Madhavan & wife Sarita leased their luxury BKC apartment in Signia Pearl.
• Size: 4,182 sq ft; leased to BP Exploration for 2 years.
• Lock-in period: 16 months.
• Rent: ₹6.50 Lakh in 1st year, 5% escalation to ₹6.83 Lakh in 2nd year.

3. Omaxe Acquires 260 Acres in Amritsar, Punjab

• Omaxe purchased 260 acres on GT Road, ~12 minutes from Golden Temple.
• Phase 1 (127 acres): modern, self-sufficient ecosystem with residential plots of 300, 500 & 1000 sq. yards.
• Master plan includes commercial spaces, school, clubhouse & infrastructure.
• Omaxe shares jumped 13% post announcement.

4. Jaideep Ahlawat & Wife Buy 2nd Apartment in Andheri for ₹10 Cr

• Bollywood actor Jaideep Ahlawat and wife Jyoti Hooda purchased another Andheri apartment worth ₹10 Cr.
• 1,950 sq ft carpet area; built-up 217.47 sq m.
• In May 2025, he had already bought another ₹10 Cr apartment in the same building.

5. DLF Privana North Sees Strong NRI Demand (30% from US)

• Located in Sectors 76–77, Gurugram, Privana North spans 17.7 acres, 6 towers with 50 stories.
• Generated ₹11,000 Cr sales within a week.
• Strong NRI demand from US, UK, GCC, Singapore; also buyers from Canada & Indonesia.
• Demand from 22 Indian cities.

6. Relief for Homebuyers: Noida Approves Co-Developer for 4 Supertech Projects

• Nearly 4,000 homebuyers to benefit.
• Apex Group to complete 4 stalled projects of Supertech Ltd.
• Apex submitted resolution plan to revive 16 Supertech projects.
• Apex agreed to clear ₹678 Cr dues to 5 banks + ₹1,900 Cr dues to Noida, Greater Noida, Yamuna authorities.

7. MahaRERA Directs Godrej Properties to Refund Buyers in Chembur Project

• Godrej RKS, Chembur (Mumbai): MahaRERA ordered refund (without interest) to 6 buyers for 7 flats.
• Buyers cited financial difficulties post COVID-19.
• Refund to be processed, and agreements terminated thereafter.

8. Blackstone’s Knowledge Realty Trust Raises ₹1,400 Cr Pre-IPO

• KRT raised ₹1,400 Cr ahead of IPO, targeting ₹6,200 Cr total.
• Monetising 30 prime office assets across major Indian cities.
• KRT to become India’s largest REIT by NOI & Gross Asset Value (~₹60,000 Cr).
• India already has 4 listed REITs: Brookfield India, Embassy Office Parks, Mindspace, Nexus Select Trust.

9. Godrej Properties to Develop 16-Acre Premium Project in Upper Kharadi, Pune

• Will feature premium housing + high-street retail.
• Developable potential: 2.5 mn sq ft, revenue potential ₹3,100 Cr.
• Second land acquisition this month in Kharadi–Wagholi belt.
• Location well-connected with schools, malls, hospitals, hotels.

10. Mexican Man Rents House Near Bengaluru for ₹4 Lakh/Month

• Viral social media video shows a Mexican tenant paying ₹4 Lakh/month.
• Property near Nandi Hills Road, ~2 hrs from city center.
• Sparked debate on Bengaluru’s cost of living, affordability, and luxury gap.

11. Wipro Leases 3.87 Lakh Sq Ft in Navi Mumbai

• Leased Mindspace Business Parks, Airoli for ₹2.47 Cr monthly rent.
• Will occupy 8 floors (4th–11th) with 270,949 sq ft carpet area.
• Rent: ₹64/sq ft, 5% annual escalation.
• Paid ₹14.86 Cr security deposit.

12. Lodha Developers Acquires 945 Transit Camp Flats in Mumbai

• Bought 945 ready-to-move flats in Mankhurd from Arihant Construction for ₹567 Cr.
• Flats part of slum rehabilitation project, with 83,000 sq m free-sale component.
• Transit units serve displaced slum dwellers/tenants.
• Lodha to integrate FSI into its Vikhroli project.

13. Kalpataru Sets Price Band for ₹1,590 Cr IPO

• Price band: ₹387–₹414/share.
• At upper end, company valued at ₹8,500 Cr.
• IPO opens June 24.
• Land bank: 511.62 acres under development.

14. Innov8 Sells 3% Stake at ₹1,000 Cr Valuation

• OYO-owned co-working firm Innov8 sold 3% stake.
• Raymond Family Office acquired nearly 2%.
• Innov8 FY24 profit: ₹62 Cr (vs ₹2.5 Cr in FY23).
• Co-working operators expected to hold 100 mn sq ft office space by 2026.

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