₹100 Cr luxury buy, Apple’s mega lease, CRE legal battle heat up
August 25, 2025
From ₹100-cr luxury homes to Apple’s ₹1,010-cr lease, India’s real estate sees big moves, billionaire buyers & global recognition.
1. British businessman buys 11,000 sq ft first-floor apartment in DLF’s Camellias for ₹100 cr
- The unit is a bare-shell, first-floor corner simplex, notable for fetching a premium price usually associated with higher floors
- The Camellias spans 17.5 acres houses India’s elite industrialists, CXOs, and startup founders
- Founder of Euro Car Parts and currently leads Dominvs Group, UK-based firm with his interests in real estate, hospitality & asset mgmt
- Ahluwalia opted for this gated condominium instead of a farmhouse, citing preference for living in Gurugram over central Delhi
2. Aatman Innovation’s Heena Lalwani buys ₹113 cr luxury apartment in Mumbai’s Juhu
- The 9,862 sq ft apartment, located on the 10th floor of Avalon Tower being developed by Lodha Developers
- Financial consulting company Sahastraa Advisors Pvt Ltd bought a luxury apartment in the same building for ₹106 cr in January 2025
- The apartment was bought at ₹1.15 lakh per sq ft and includes five car parking spaces
- Among the notable residents in Juhu area are Amitabh Bachchan, Varun Dhawan, Ajay Devgn, Shahid Kapoor and Kartik Aaryan
3. PropEquity sues CRE Matrix for alleged data theft, Delhi HC issues summons
- PropEquity accused CRE Matrix of using its proprietary primary residential data, citing strikingly similar figures
- The disputed data covers the years 2021–2024, during which PropEquity claims CRE Matrix wasn’t active in that domain
- PropEquity alleged CRE Matrix poached former employees who violated non-compete clauses and leaked confidential data
- The plaintiff has demanded a permanent injunction and ₹8 cr in damages for the alleged data theft
4. Bengaluru surpasses Mumbai, ranks 4th globally among 46 cities in premium property price growth
- While average global prime price growth slowed to 2.3% in Q2 (down from 3.5% in Q1 2025), Indian cities remained resilient
- Seoul topped the global rankings with a staggering 25.2% growth, followed by Tokyo (16.3%) and Dubai (15.8%)
- Mumbai secured the 6th position, seeing an 8.7% rise in prime property values
- Delhi came in at 15th, with prime housing prices growing 3.9% annually
5. Apple expands India footprint, leases 2.7 lakh sq ft office space in Bengaluru for 10 years at ₹1,010 cr
- The lease includes 362 dedicated car parking spaces for Apple India employees
- The lease spans nine floors (5th-13th), with a carpet area of about 196,179 sq ft, and a total chargeable area of 268,737 sq ft
- Apple will pay a monthly rent of ₹6 cr, which translates to an effective rate of ₹235 per sq ft per month
- Apple holds an option to expand further by leasing an additional 121,203 sq ft across the ground to fourth floors
6. PM Modi inaugurates UER-II, Dwarka Expressway
- Prime Minister Narendra Modi inaugurated the Delhi stretch of the Dwarka Expressway and the Urban Extension Road-II (UER-II) projects worth ₹11,000 crore in Rohini
- Mr. Modi highlighted that millions of tonnes of waste have been reused in constructing UER-II
- The projects are expected to cut travel time from the Singhu Border to the airport to just 40 minutes
- The Dwarka Expressway will improve links between Gurgaon & Delhi, while UER-II will decongest Delhi’s Inner & Outer Ring Roads
7. Runwal Enterprises secures SEBI approval for ₹1,000 cr IPO
- As of Sep 30, 2024, the company’s portfolio included 15 completed projects, 25 ongoing projects, and 32 upcoming developments
- Subodh Runwal-promoted Runwal Enterprises, a Mumbai-based real estate developer, has received SEBI nod for a ₹1,000 cr IPO
- Funds raised will support expansion in Mumbai’s real estate market and strengthen the balance sheet
- Between January 2019 and September 2024, Runwal Enterprises ranked second in Mumbai in terms of both new residential launches and sales, with market shares of 5.69% and 5.25%, respectively
8. RBI invites bids to sell three Lonavala bungalows near Mumbai for ₹6 cr
- Located near the scenic Lonavala Lake, the ground-plus-one structures were earlier used by the RBI as holiday homes for its staff
- The three bungalows are on a freehold land on a plot measuring over 3,800 sq meters
- The RBI has kept the reserve price for the three bungalows at ₹6 cr and EMD for submission along with the bids at ₹10 lakh
- RBI wants to sell the bungalow to liquidate its assets
9. Co-founder of Anand Rathi Wealth and his wife buy luxury apartment in Mumbai’s Worli for ₹131 cr
- The 10,538-square-foot apartment is on the 40th floor of the sea-facing building developed by Lodha Developers
- Apartment has been purchased by Pradeep Guha and his wife along with his wife Preeti Gupta in a building named Lodha Sea Face
- The apartmentpurchased at ₹1.25 lakh per square foot comes along with seven car parks
- In March, another luxury apartment at Lodha Sea Face was purchased for ₹187 cr by SR Menon Properties LLP
10. Table Space leases 5 lakh sq ft at Gurugram’s Intellion Park for ₹3 cr a month
- The lease agreement has been signed for six years starting from August 1, 2024 with a starting rate of ₹65/ sq ft
- The lease deed is also subject to a lock-in period of three years & Table Space will have 11 months for carrying out fit-outs
- The space is proposed to be leased to tech giant Google
- The agreement provides for 15% escalation in lease rent after every three years
Conclusion
India’s real estate market is clearly in a growth phase, with luxury properties setting record prices and commercial spaces attracting global corporations. Cities like Bengaluru and Mumbai are not just competing locally but gaining global prominence in terms of price growth and investor interest. Whether driven by infrastructure upgrades, HNI investments, or corporate expansions, the momentum reflects a strong and resilient property landscape poised for further expansion. As legal battles and IPOs also enter the spotlight, the sector is gearing up for an eventful and transformative era.
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