Microsoft, TCS, PVR, real estate firms drive ₹53,000 cr property shift
September 1, 2025
From Hrithik’s sea-facing lease to TCS & Microsoft megadeals, see Q1 FY26’s biggest real estate headlines, celeb move and ₹53,000 cr in sales.
1. Sonu Sood bags ₹3 cr profit after selling his Mumbai apartment for ₹8 cr
- Lokhandwala Minerva in Mahalaxmi is a premium residential tower known for high-end amenities and luxurious living
- Previously, Manoj Bajpayee and wife Shabana Raza, sold their Minerva Tower apartment in August 2024 for ₹9 cr
- The apartment in Lokhandwala Minerva in Mahalaxmi features a carpet area of 1,247 sq ft and includes two car parking spaces
- Sonu had originally purchased the apartment in 2012 for ₹5 cr
2. Microsoft leases 2.6 lakh sq ft of office space in Hyderabad for ₹5 cr monthly rent
- Microsoft India (R&D) has leased 2.64 lakh sq ft office space in Phoenix Centaurus at an effective monthly rent of ₹204 per sq ft
- Microsoft’s outgoing rent includes ₹67 base rent, ₹16 CAM, ₹39 operating expenses, ₹74 capital expenses & ₹7 mgmt fee per sq ft
- The leased space covers the 3rd & 4th floors and is being sub-leased from Tablespace Technologies, which leased it from Phoenix Tech Zone
- The lease is among Hyderabad’s biggest commercial real estate deals of the year
3. Anil Kapoor and son Harsh Varrdhan Kapoor buy an apartment in Mumbai for ₹5 cr
- The apartment purchased by the Kapoor duo is located on Pali Mala Road near Pali Hill in the Bandra West area of Mumbai
- Pali Hill is renowned for celbrities owning multiple apartments including Aamir Khan, Ranbir Kapoor, Kriti Sanon, Janhvi Kapoor etc
- The apartment is located in a building named The Smoky Hill CHS and has a built-up area of 1,165 sq ft
- The apartment was purchased from five people: Dilipraj Paidpati, Deepa Shahi, Jaytilka Paidpati, Raman Malhora, and Raman Gupta
4. Hrithik Roshan rents his sea facing Juhu apartment to girlfriend Saba Azad for ₹75,000
- Located in Mannat Apartments (Vartamaan) on Juhu-Versova Link Road, the apartment is rented at ₹75,000 per month
- The apartment spans 12,000 sq ft, offering expansive sea views and luxurious living space
- In May 2025, Hrithik and his father Rakesh Roshan sold three apartments in Andheri for a combined value of ₹6 cr
- He originally purchased 3 floors in same building in October 2020 including the 18th floor and a duplex on the 19th and 20th, for ₹97 cr
5. TCS expands Bengaluru footprint with ₹2,130 cr, 15‑year 1.4 million sq ft lease
- The lease includes 6.8 lakh sq ft in Tower 5A and 7 lakh sq ft in Tower 5B, with a total monthly rent of ₹9 crore at ₹66 per sq ft
- The office space is spread across Towers 5A and 5B in the city’s southern IT corridor of Electronic City at 360 Business Park
- The lease is with Labzone Electronics City Pvt Ltd with a 12% rent escalation every three years
- TCS has signed one of Bengaluru’s biggest office leases, taking 1 mn sq ft for over 15 years
6. India’s 28-listed realty firms sell properties worth ₹53k cr in Apr-Jun
- Prestige Estates Projects Ltd led the pack with highest pre-sales, totaling ₹12,126 cr, making it the top listed developer for the quarter
- The quarter highlighted a continuing surge in demand for residential housing, especially from organized and reputed players
- The top five listed real estate developers contributed a significant share of the total ₹53,000 cr sales
- Other top performers included DLF, Godrej Properties, and Lodha Developers, indicating the dominance of leading branded players
7. PVR INOX signs a 15-year lease for a 10-screen theatre at Sky City Mall in Mumbai’s Borivali
- The lease is based on a monthly rent of ₹91 lakh or 20% of revenue (biannually), whichever is higher
- PVR Inox has leased 43,534 sq ft of retail space from Oberoi Realty
- The lease includes a five-year lock-in period and a 15% rent escalation every 36 months for added stability
- The leased space will host a megaplex featuring 10 auditoriums, foyers, lounges, and a total seating capacity of 1,372
8. House of Abhinandan Lodha partners with Zepto for instant land buys within 10 minutes
- Buyers can pay a refundable token amount to reserve plots, with subsequent payments staggered for ease of purchase
- Users can type “land” in Zepto’s search bar to be redirected to a dedicated page showcasing HoABL’s available plotted developments
- With a few clicks, users can view land inventory, initiate inquiries, and connect with HoABL representatives for further assistance
- HoABL’s projects are located in Goa, Alibaug, Ayodhya, Dapoli, Vrindavan and the firm plans new developments in Amritsar & Shimla
9. Sri Lotus to Launch ₹2,000 Cr Luxury Project in Bandra by FY27
- Shah Rukh Khan is likely to receive a 2,800 sq ft 4 BHK apartment as part of the redevelopment
- The project is to be launched in Bandra’s Shree Amrit Society on Carter Road, where Shah Rukh Khan owns a sea-facing apartment
- The total saleable area will be 1.35 lakh sq ft, with a mix of 4 and 5 BHK units available for sale, priced at around ₹1.50 lakh per sq ft
- Existing society members will get 45% of the constructed carpet area as rehab, while 55% will be sold by the developer
10. US-based NRI’s Gurugram plot sold for ₹10 cr using fake gift deed
- The victim, Gaurav Narula, a New York-based NRI since 1997, inherited the 810 sq m Sushant Lok 1 plot from his father in 1991
- Another individual impersonated Gaurav Narula during the registration of the fake deed, Narula has not been to India since 2020
- The accused, Manish Kumar is a Punjab resident, posed as the property owner’s fictitious brother
- Fake Aadhaar & PAN documents were created in Gaurav Narula’s name, despite him not possessing an Aadhaar card, to forge ownership transfer
Conclusion
The April–June FY26 quarter kickstarted a dynamic year for Indian real estate. Celebrities like Hrithik Roshan, Sonu Sood, and Anil Kapoor made notable residential transactions. Microsoft and TCS signed major office leases in Hyderabad and Bengaluru. Prestige, DLF, and Godrej led ₹53,000 crore in property sales. Branded developers remained the top choice for homebuyers. HoABL partnered with Zepto to offer fast, digital land buying. Sri Lotus announced a high-value redevelopment project in Mumbai’s Bandra. The market now blends scale, innovation, and star power. A ₹10 crore NRI land scam revealed serious legal loopholes. FY26 is shaping up as a defining year for Indian real estate.
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