Amitabh’s Alibaug deal, NMIA & Metro line inaugurated by PM modi

Amitabh Bachchan buys Alibaug plots; PM Modi inaugurates NMIA and Metro 3; major corporate leases from CRISIL, BMW, and Blue Dart.

1. Amitabh Bachchan Buys Three Plots Worth ₹6 Cr in Alibaug

  • Amitabh Bachchan purchased three adjoining plots (Nos. 96, 97 & 98) in ‘A Alibaug’ Phase-2 by House of Abhinandan Lodha (HoABL).

  • The plots collectively measure 9,557 sq. ft. and are valued at ₹6 crore.

  • Earlier, in January 2024, he bought land from HoABL in Ayodhya’s ‘The Sarayu’ 7-star enclave.

  • Alibaug continues to attract Bollywood names like Suhana Khan, Kriti Sanon, and Kartik Aaryan as a second-home hotspot.

2. PM Modi Inaugurates Navi Mumbai International Airport (NMIA)

  • Prime Minister Narendra Modi inaugurated the ₹19,650 crore NMIA on October 8, 2025, after 28 years of planning.

  • Developed by Adani Airport Holdings Ltd and CIDCO, NMIA will decongest Mumbai’s existing airport.

  • Phase 1 includes one terminal and one runway, with capacity for 2 crore passengers annually.

  • The first flight is scheduled to take off in December 2025.

3. CRISIL Leases ₹600 Cr Office Space in Mumbai’s Powai

  • CRISIL Ltd signed a 15-year lease for 2.5 lakh sq. ft. at Hiranandani Lightbridge, Saki Vihar, Powai.

  • The monthly rent is ₹2.35 crore (₹94 per sq. ft.) with a 4.77% annual escalation.

  • The lease spans floors 10–15 and includes 250 car and 75 two-wheeler parking slots.

  • The deal is with Nathan Properties and Gamma Construction, both from the Hiranandani Group.

4. PM Modi Inaugurates Final Phase of Mumbai Metro 3

  • The Metro Line-3 Phase 2B connects Acharya Atre Chowk to Cuffe Parade, completing the 33.5-km underground corridor.

  • The full line from Cuffe Parade to Aarey JVLR cost ₹37,270 crore.

  • The final 11.2-km stretch, worth ₹12,200 crore, links Kalbadevi, Girgaum, Worli, and both airports.

  • It connects six business hubs — Nariman Point, Fort, Lower Parel, BKC, SEEPZ, and MIDC.

5. Dharma Productions Leases ₹7 Cr Office in Andheri West

  • Dharma Productions, founded by Karan Johar, leased a 5,500 sq. ft. office in Signature by Lotus Developers, Andheri West.

  • The monthly rent starts at ₹15 lakh with a 5% annual hike, totaling ₹7.75 crore over four years.

  • The deal includes a ₹1 crore security deposit and ₹2.04 lakh stamp duty.

  • In 2024, Johar sold 50% of Dharma to Adar Poonawalla’s Serene Productions for ₹1,000 crore.

6. NSE CEO Ashishkumar Chauhan Buys ₹10 Cr Flat in Worli

  • Ashishkumar Chauhan, CEO of NSE, bought a ₹10 crore apartment at Lodha World Towers, Worli.

  • The unit spans 1,989 sq. ft. on the 11th floor, with three parking spaces.

  • The property was purchased from Lodha Developers Ltd.

  • Chauhan’s gross annual remuneration is ₹12 crore; net income ₹6 crore, as per NSE’s annual report.

7. SBI to Purchase 200 Apartments for ₹294 Cr for Staff Housing

  • SBI will buy 200 two-BHK apartments across Mumbai for ₹294 crore.

  • The bank plans 50 units per cluster, sourced via bids floated on October 7.

  • Allocations: ₹84 crore (Central Suburbs), ₹108 crore (Western), ₹54 crore (Thane–Kalyan), ₹48 crore (Kharghar–Panvel).

  • Each apartment must have a MahaRERA carpet area of 600 sq. ft. and be under five years old.

8. BMW Techworks Leases Office Space in Bengaluru’s Whitefield

  • BMW Techworks leased 58,900 sq. ft. in Whitefield, Bengaluru, for ₹1 crore/month.

  • The lease includes a 5% annual rent escalation and 54-month lock-in period.

  • Signed with Simpliwork Offices Pvt. Ltd., spanning five years.

  • The office spans six floors with 59 parking slots and future expansion options.

9. Blue Dart Leases 6 Lakh sq. ft. Warehouse in Gurugram

  • Blue Dart Express Ltd leased a 6 lakh sq. ft. warehouse on Pataudi Road, Gurugram, for ₹1 crore/month.

  • The nine-year lease, owned by ASD Hotels & Resorts LLP, began on June 15, 2025.

  • Includes 5.83 lakh sq. ft. chargeable area and 1.18 lakh sq. ft. parking.

  • Follows CCI Group’s ₹227 crore investment in Grade-A warehousing nearby.

10. Mahindra Lifespace Acquires 13.46-Acre Land Near Pune (₹3,500 Cr GDV)

  • Mahindra Lifespace Developers acquired 13.46 acres in Nande–Mahalunge, Pune, with a ₹3,500 crore GDV.

  • The site is strategically located between Baner-Balewadi and Hinjewadi IT corridor.

  • Ideal for IT & BFSI professionals, with excellent connectivity to major hubs.

  • The company will also redevelop four housing societies in Malad (West), Mumbai.

Conclusion

From Amitabh Bachchan’s premium Alibaug acquisitions to Mahindra Lifespace’s Pune land deal, the week’s developments highlight growing confidence across both residential and commercial segments. The inauguration of the Navi Mumbai International Airport and Mumbai Metro Line 3 further reinforces the momentum, promising enhanced connectivity and long-term value creation across the Mumbai Metropolitan Region and beyond.

As institutional investors, developers, and homebuyers align with this wave of growth, the outlook for India’s property market in 2025 remains resilient, optimistic, and opportunity-driven.


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