Apple, SEBI, BlackRock & Sanjay Mishra lead real estate headlines

SEBI leases flat, Sanjay Mishra buys home, Apple expands office, Smartworks, Hero Realty, BNP Paribas, BlackRock and more real estate deals.

1. SEBI leases a 5 BHK apartment for chairman Tuhin Kanta Pandey

• SEBI leased a 5 BHK in Rustomjee Crown, Mumbai, for three years at ~₹2 crore total rent.

• Starting monthly rent is ₹7 lakh with 5% escalation yearly; security deposit paid to owner Vijay Shrishrimal.

• Apartment includes four parking spaces, located ~30 minutes from SEBI’s office.

• Pandey assumed charge as chairman on March 1, 2025, succeeding Madhabi Puri Buch.

2. Actor Sanjay Mishra buys ₹4 cr sea-view flat in Madh Island

• Mishra purchased a sea-view apartment in Raheja Exotica Cyprus, Mumbai, for ₹4 crore.

• The apartment, on the 15th floor, has 1,701 sq ft RERA carpet plus 201 sq ft deck.

• Jubin Nautiyal owns a 34th-floor 4BHK in the same building, bought in Dec 2024.

• Actors Vikrant Massey, Pankaj Tripathi, and Archana Puran Singh also own homes there.

3. Smartworks leases 5.57 lakh sq ft office space in Navi Mumbai

• Smartworks leased a 5.57 lakh sq ft campus at Tata Realty’s Intellion Park, Navi Mumbai.

• This is Smartworks’ largest flexible managed office campus in Mumbai.

• With this lease, Smartworks’ Mumbai portfolio surpassed 1 million sq ft in Q1 FY26.

• The company has ~12 million sq ft portfolio across 14 cities in India and Singapore.

4. Former Lodha Developers director Rajendra Lodha arrested in ₹85 cr fraud

• Mumbai Police arrested Rajendra Lodha on Sep 17 for alleged multi-crore fraud.

• FIR claims Lodha, his son Sahil, and associates siphoned funds from 2013–2025.

• Allegations include bogus land deals, undervalued transactions, and siphoning of ₹85+ crore.

• Lodha allegedly threatened CEO Abhishek Lodha; he was remanded to police custody till Sep 23.

5. Hero Realty expands Mohali portfolio with ₹260 cr land deal

• Hero Realty bought 8.71 acres in Sector 99, Mohali, via GMADA auction for ₹262.75 crore.

• Land acquired through Vikas Parks Pvt. Ltd. for a luxury residential project under Hero Homes.

• HRPL is developing 5.2 mn sq ft across NCR and Punjab, with ongoing projects.

• Location offers connectivity to Chandigarh, top institutions, and upcoming expressways.

6. Apple expands and renews office lease in Bandra Kurla Complex

• Apple renewed and expanded Mumbai lease from 6,526 sq ft to 31,023 sq ft.

• Rent rose from ₹50 lakh to ₹2 crore per month, ~₹660 per sq ft.

• Lease covers multiple floors at Maker Maxity 4, including the 10th floor and terrace.

• Expansion coincides with iPhone 17 launch, which created massive retail demand.

7. BNP Paribas India Solutions expands footprint with Thane lease

• BNP Paribas India Solutions leased 1.45 lakh sq ft in Hiranandani Centaurus, Thane West.

• The lease spans five years, with ₹94.95 lakh monthly rent and 4.75% annual escalation.

• Covers 11th and 12th floors, with carpet area 99,831 sq ft and chargeable 145,384 sq ft.

• Deal includes up to 145 parking slots and ₹8.5 crore security deposit.

8. Raheja Universal buys back office building in Mumbai for ₹211 cr

• Raheja Universal reacquired Raheja Centre Point in Kalina, Mumbai, for ₹211 crore.

• The asset includes basements, ground, first to fifth floors, and terrace space.

• Built-up area totals 49,359 sq ft on a 2,464 sq m land parcel.

• The building was earlier sold to HDFC in 2019–2020 for ₹167 crore.

9. Flexible office space in India to cross 100 mn sq ft by 2026

• India’s flex stock stood at 79.7 mn sq ft in Q2 2025, APAC’s largest.

• Expected to reach 85 mn sq ft by end of 2025 and 100 mn sq ft by 2026.

• Bengaluru leads with 21.1 mn sq ft, followed by Delhi-NCR, Pune, and Hyderabad.

• India scored 100 on Cushman & Wakefield’s maturity index, ahead of UK, France, and US.

10. BlackRock Services India leases 1.43 lakh sq ft in Bengaluru

• BlackRock signed a ₹410 crore lease for 1.43 lakh sq ft in KNG Tower 1, MG Road.

• The lease spans 10 years, covering ground plus five upper floors.

• BlackRock pays ₹2.72 crore monthly rent at ₹190 per sq ft.

• Deal includes a ₹21.75 crore security deposit with IndiQube Space Ltd.

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