Neil Nitin Mukesh, Ranjan Pai, M3M lead big real estate moves

From Neil Nitin Mukesh’s ₹11 cr home to M3M’s ₹2,100 cr project — here are this week’s biggest real estate moves across India.

1. Neil Nitin Mukesh and Father Nitin Mukesh Buy ₹11 Cr Apartment in Mumbai’s Lower Parel

• The property is located in World One, one of Mumbai’s most iconic skyscrapers developed by Lodha Developers.
• The apartment spans 2,044 sq. ft. on the 31st floor and includes two car parking spaces.
• The property was purchased from the Shah family in the secondary market.
• Earlier this month, NSE CEO Ashishkumar Chauhan also bought a 1,900 sq. ft. apartment in the same tower for ₹10 crore.

2. Manipal Group Chairman Ranjan Pai Buys ₹165 Cr Property in Bengaluru

• The property was purchased from Australian national Mira Angeline Cummins.
• The deal price translates to ₹64,150 per sq. ft., highlighting the scarcity of premium land parcels in Bengaluru’s CBD.
• Located near UB City and Cubbon Park, Lavelle Road remains one of the most prestigious addresses in the city.
• The site includes two existing buildings measuring approximately 3,339 sq. ft. each.

3. Mahindra Logistics Leases ₹135 Cr Warehouse in West Bengal

• The lease deal is worth over ₹135 crore, with ANJY Properties LLP as the property owner.
• The company will pay a starting rent of ₹97.72 lakh per month, calculated at ₹20.6 per sq. ft., with 4% annual escalation.
• The facility will serve as a key logistics hub in Eastern India.
• Earlier in June 2025, Mahindra Logistics leased 2.97 lakh sq. ft. of space near Pune for ₹71 lakh/month.

4. Sonu Sood and Eshaan Sood Purchase Properties Worth Over ₹3 Cr in Mumbai Metropolitan Region

• The father-son duo bought a land parcel worth ₹1 crore in Shirdon, Panvel, measuring 777 sq. yards (0.065 hectares).
• In a separate deal, Eshaan Sood bought an apartment worth ₹2.6 crore in Andheri West.
• The apartment features a RERA carpet area of 900 sq. ft. and a built-up area of 1,080 sq. ft..
• Together, the transactions reflect over ₹3 crore in total real estate investments.

5. Godrej Properties Acquires 26-Acre Land Parcel Near Sarjapur Road, Bengaluru

• The developer plans to launch a premium residential project with ₹1,100 crore revenue potential.
• The land is located close to Whitefield, Outer Ring Road, and Electronic City.
• The area is known for strong housing demand and infrastructure growth.
• Godrej Properties already has projects nearby, including Godrej Park Retreat and Godrej Lakeside Orchards.

6. Prestige Group Launches ₹2,000 Cr Residential Project in Mira Road, Mumbai

• The project spans 5.2 acres with 1,324 residential units across 1 million sq. ft.
• Located on the Western Express Highway, it is a 2-minute walk from the upcoming Metro station.
• The development offers 1, 2, and 3 BHK apartments with premium amenities like clubhouse, gardens, pool, and fitness zones.
• It enjoys excellent connectivity to Metro Line 9 and key business hubs in the Western Suburbs.

7. M3M India to Invest ₹2,100 Cr in Jacob & Co.-Branded Residences, Noida

• Spread over six acres, the project will generate an estimated ₹3,500 crore in topline revenue.
• Offers 3BHK, 4BHK, and 5BHK branded homes, priced between ₹14 crore and ₹25 crore.
• The project will be completed in two phases — 150 branded residences in Phase I and 100 serviced units in Phase II.
• A buyer recently purchased three apartments, setting a record price of ₹35,000 per sq. ft. in Noida’s luxury market.

8. House of Hiranandani Acquires Land in Andheri East, Mumbai

• The company will invest over ₹500 crore to develop a Grade A commercial tower.
• The project will offer 4 lakh sq. ft. of leasable office space for corporate tenants.
• Construction is expected to begin within 3–6 months, pending approvals.
• The project will cater to the growing demand for premium office spaces in the western suburbs.

9. Global Capability Centres (GCCs) to Drive 40% of Office Space Demand by FY27

• GCCs will account for 38–40% of total leasing demand in six key cities — Bengaluru, Chennai, Delhi-NCR, Hyderabad, MMR, and Pune.
• The number of GCCs is projected to rise from 1,700 to over 2,500 by 2030.
• The segment will generate $100 billion+ in revenue and expand workforce capacity by 1.5–2x.
• Several states are introducing incentives and infrastructure support to attract more GCC investments.

10. MHADA to Sell Luxury Apartments Worth ₹7 Cr+ in South Mumbai

• Built by Shapoorji Pallonji Group, Crescent Tower is reserved for High-Income Group (HIG) buyers.
• The developer is selling the most expensive unit, a 3BHK on the 19th floor, for ₹7.58 crore, including staff quarters.
• After two failed lotteries, MHADA opted to sell the units directly instead of the traditional draw system.
• The initiative targets end-users seeking ready luxury housing in South Mumbai.

Conclusion

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