DLF, Lodha, Nadiadwala headline India’s top property deals

From record-breaking luxury home deals to corporate office leases and key corporate moves by DLF, Lodha, Starlink, Qualcomm and more.

1. Delhi-NCR Industrialist Buys Four Ultra-Luxury Apartments for ₹380 Crore in DLF’s The Dahlias Project

• The combined area of the four apartments is nearly 35,000 sq ft, making it one of India’s most expensive residential deals.
• The units are located in adjoining towers and will be interconnected to form a single expansive residence spanning multiple floors.
• The under-construction apartments on Gurugram’s Golf Course Road were acquired by Kshitij Jain, founder of Rizin Advisory Pvt Ltd.
• Earlier this year, DLF sold 173 apartments at The Dahlias for ₹11,816 crore in just nine weeks, driven by strong demand from UHNIs, CEOs, and NRIs.

2. Nadiadwala Grandson Entertainment Buys Two Apartments for ₹36 Crore in Mumbai

• The first apartment, located on the 23rd floor, measures 2,390 sq ft plus 208 sq ft of additional area and was bought for ₹18 crore.
• The second apartment, on the 26th floor of the same building, spans 2,382 sq ft with an additional 138 sq ft and was purchased for ₹18 crore.
• The apartments are located in Hubtown 25 North, Prabhadevi, Mumbai, and include two car parking spaces each.
• The production house had earlier leased two flats in Lokhandwala Complex, Mumbai, for a monthly rent of ₹1.8 lakh in July 2024.

3. DLF Q2 FY26 Net Profit Falls 15% to ₹1,180 Crore; Sales Up Six-Fold to ₹4,332 Crore

• The company’s cumulative new sales bookings for H1 FY26 stood at ₹15,757 crore, in line with its annual guidance.
• Revenue from operations fell about 20% to ₹1,643 crore compared to ₹1,975 crore in Q2 FY25.
• New sales bookings for the quarter stood at ₹4,332 crore, driven by the launch of its maiden Mumbai project, The Westpark.
• DLF’s net cash position remained strong at ₹7,717 crore despite a ₹1,485 crore dividend payout and ₹963 crore debt repayment in the quarter.

4. Mumbai Property Registrations Fall 10.1% to 11,649 in October 2025

• Homes below ₹1 crore led the registrations with a 3% year-on-year rise, while the ₹1–2 crore segment stayed steady at 31%.
• Properties priced between ₹2–5 crore declined to 16%, and those above ₹5 crore maintained a 6% share.
• Western Suburbs dominated with 55%, followed by Central Suburbs at 29%, and South Mumbai at 10%.
• Stamp duty collections reached ₹1,004 crore, a 13.7% decline compared to ₹1,205 crore during the same period last year.

5. Qualcomm Leases 2.56 Lakh Sq Ft Office Space in Bengaluru for ₹184 Crore Over Five Years

• Monthly rent is fixed at ₹113 per sq ft, totaling approximately ₹2.89 crore per month.
• The lease started on August 1, 2026, with a 15% rent escalation every three years.
• The leased space is located in Bagmane Constellation Business Park, Virgo Tower, developed by Bagmane Developers Pvt Ltd.
• The business park in Mahadevapura also houses major global companies like Amazon, Samsung, and Google.

6. Tata Power CEO Praveer Sinha Buys Luxury Apartment in Mumbai for ₹17 Crore

• Praveer Sinha and his wife Ritu Ahuja Sinha acquired a luxury apartment in Raheja Modern Vivarea, Mahalaxmi, Mumbai.
• The apartment is on the 31st floor with a carpet area of 2,181 sq ft and a balcony area of 78 sq ft.
• It is part of Raheja Modern Vivarea South Tower, Phase 2 of the project, which includes another tower under construction.
• The project is RERA-registered, with possession expected by September 2028.

7. Elon Musk’s Starlink Leases Office Space in Mumbai

• Starlink Satellite Communications Pvt Ltd leased a 1,294 sq ft office space in the Boomerang building, Mumbai.
• Earlier this year, HRX Digitech LLP purchased three office units in the same building for ₹31 crore.
• The total rent for Starlink’s lease is ₹2.33 crore for five years, with a monthly rent of ₹3.52 lakh and a 5% annual escalation.
• The leased office includes one car parking space and will serve as Starlink’s key operational hub for its India satellite internet rollout.

8. FM India Supply Chain Leases 1.31 Lakh Sq Ft at Lodha Industrial Park Near Mumbai for ₹33 Crore

• The space is owned by Palava Induslogic 4 Pvt Ltd, a subsidiary of Lodha Developers (Macrotech Developers).
• Located in Palava City, Thane district, the industrial space has been leased for five years.
• The lease includes annual rental escalation terms, ensuring incremental rent each year.
• The tenant will also pay common area maintenance (CAM) charges totaling over ₹2 crore throughout the lease period.

9. Lodha Developers’ Net Profit Rises 87% in Q2 FY26

• The company’s total income rose 44%, reaching ₹3,878 crore from ₹2,684 crore in the same quarter last year.
• Profit after tax stood at ₹789 crore in Q2 FY26, up from ₹423 crore in the previous fiscal period.
• Lodha Developers achieved its full-year business development target ahead of schedule.
• The company’s consolidated total income stood at ₹3,878 crore in Q2 FY26.

10. Colliers India’s Chairman and Managing Director Resigns

• Sankey Prasad stepped down as CMD of Colliers Project Leaders Middle East but retains an ownership stake.
• In 2003, he founded Synergy Property Development Services, later integrated into Colliers.
• A civil engineer with over four decades of experience, he held leadership roles in major construction and development firms across India and abroad.
• Now based in the Middle East, Prasad will pursue select ventures and provide strategic advisory to developers and investors across India and the MENA region.

Conclusion

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