Tiger Shroff sells and Amazon lease boost real estate sector

From celebrity home sales to RBI land deals & Amazon’s Chennai expansion, here are the top trends in India’s real estate market.

1. Tiger Shroff Sells Mumbai Apartment for ₹15 Crore in Khar

• Actor Tiger Shroff sold his luxury apartment at Rustomjee Paramount, Khar for ₹15 crore.

• The 22nd-floor apartment spans 1,989 sq ft carpet area, 2,189 sq ft built-up.

• Comes with three car parking spaces and was purchased by Sandeep Saraf, already a resident.

• Shroff made a 31% profit on his 2018 purchase of ₹11 crore.

2. Former HDFC Bank Executive Buys ₹52 Crore Luxury Apartment in Worli

• Paresh Sukthankar, ex-deputy MD of HDFC Bank, bought a luxury home in Prestige Nautilus, Worli.

• The apartment has a RERA carpet area of 4,378 sq ft and four parking spaces.

• Purchased at a rate of ₹1.19 lakh per sq ft, totaling ₹52 crore.

• Prestige Nautilus launched in Q4 FY25, recording ₹2,385.7 crore in sales within a month.

3. RBI Acquires Nariman Point Land for ₹3,472 Crore

• The Reserve Bank of India (RBI) purchased a 4.2-acre land parcel from MMRCL in Nariman Point.

• The land spans 16,832 sq m with a buildable area of 16 lakh sq ft.

• MMRCL will use proceeds to fund Mumbai Metro Line 3 and repay loans, including JICA.

• Plot is among the last large developable parcels in Nariman Point; Blackstone, Oberoi, RMZ, Tata showed interest.

4. Amazon Leases 220,000 Sq Ft Office Space in Chennai

• Amazon Development Centre India leased 220,000 sq ft office space in Chennai from WeWork.

• Lease spans 40 months, accommodating 3,500+ work units, Amazon’s largest Chennai lease in 2025.

• Monthly outflow is approx. ₹4 crore, with rents between ₹90-106 per sq ft.

• Amazon earlier leased 473,176 sq ft at Ramanujan IT City (Infinity Tower) between 2017–2019.

5. Two Luxury Penthouses Sold for ₹16 Crore at Lodha Palava City

• Two 35th-floor penthouses of 4,754 sq ft each sold for nearly ₹16 crore.

• Recorded as the highest per sq ft rate in the area at ₹16,400.

• Buyers are Ali Asgar Khargunwala and Fatema Anguthiwala.

• Lodha Palava City expected to generate ₹8,000+ crore annually from its diverse developments.

6. Hyderabad Duo Buys ₹148 Crore Bungalow in Delhi’s Lutyens Zone

• Sasidhar & Lakshmi Priyadarshini Chinta of Vishwa Samudra Group bought a bungalow in Jor Bagh, Delhi.

• The bungalow spans 883 sq m, located in the Lutyens’ Bungalow Zone (LBZ).

• LBZ covers 28 sq km, housing around 3,000 bungalows (mostly govt. officials).

• About 600 privately-owned properties belong to India’s wealthiest individuals.

7. Embassy Group’s “Paradiso” Luxury Project in Bengaluru Sells Out

• Embassy Group’s Paradiso project in Embassy Springs township, North Bengaluru, sold out quickly.

• Spread across 6.4 acres, part of the 288-acre township near Kempegowda Airport.

• Offered premium plots of 4,300–4,800 sq ft priced above ₹4 crore.

• Project clocked ₹204 crore pre-sales, reflecting demand for plotted living.

8. Indian Railways to Monetise 25 Acres in Mumbai for ₹8,000 Crore

• RLDA to lease land parcels in Bandra West, Bandra East, Mahalaxmi, and Parel.

• Parel land (5.69 acres) earmarked for residential; expected revenue ₹1,700+ crore.

• Mahalaxmi land (2.66 acres) near station to raise ₹1,000 crore via 99-year lease.

• Bandra East plot (11.20 acres) planned for commercial use, expected to raise ₹5,300+ crore.

9. MahaRERA Resolves 5,267 Homebuyer Complaints in 10 Months

• Between Oct 2024 – Jul 2025, MahaRERA resolved 5,267 complaints on delays, poor quality, missing amenities.

• Since May 2017, it has received 30,833 complaints and resolved 23,726.

• During this period, 3,743 new complaints were filed.

• About 79% of complaints relate to pre-RERA projects, 21% to post-RERA launches.

10. Mumbai Redevelopment to Unlock 44,000+ Homes Worth ₹1.3 Lakh Crore by 2030

• Since 2020, 910 societies signed redevelopment deals, unlocking 327 acres under FSI norms.

• Western Suburbs (Bandra–Borivali) to add 32,354 units, ~73% of new housing stock.

• Redevelopment projected to generate ₹6,500 crore in sales and ₹6,525 crore in GST in 5 years.

• Central & South Mumbai lag behind; South Mumbai to add only 416 units.

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