Nikhil Nanda’s Juhu buy, Google’s Gurugram lease & Adani deal

From luxury Juhu buys to Google’s Gurugram lease, Adani’s Byculla project & Sobha’s ₹22,000 cr launches — key India real estate updates.

1. Amitabh Bachchan’s Son-in-Law Nikhil Nanda Buys ₹28 Crore Luxury Apartment in Juhu, Mumbai

• The apartment has a built-up area of 3,139 sq ft and an additional terrace of 411 sq ft, and includes 3 car parking spaces.

• The property is located in K Raheja Corp’s Maestro project, one of Juhu’s premium residential developments.

• The transaction was executed by his sister, Nitasha Nanda, acting as his Power of Attorney holder.

• The project was announced in 2023, after K Raheja Corp acquired the bungalow from the family of legendary filmmaker B R Chopra in May 2022 for ₹182.75 crore.

2. Nadiadwala Grandson Entertainment Pvt Ltd 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. Lodha Developers Appoints Amandeep Singh as Regional CEO for Delhi-NCR

• Amandeep Singh will officially join on October 27, 2025, according to the company’s regulatory filing.

• Previously he served as Senior Executive Director (COO, Gurugram & North) at DLF Limited, leading major projects worth ₹25,000 crore.

• Singh has over 22 years of experience, specialising in P&L delivery, strategic planning, and institution building in real-estate markets.

• Lodha expects to enter the Delhi-NCR market within the next 12 months.

4. IKEA India Expands Urban Footprint, Leases 37,000 sq ft for First Pune Store at Phoenix Marketcity Mall

• The store is located on Viman Nagar Road, Pune, with a total lease value of ₹23.54 crore for 4 years and 11 months.

• Common area maintenance (CAM) charges are set at ₹7.45 lakh/month initially, rising to ₹8.34 lakh/month later.

• The starting monthly rent is ₹38.11 lakh for the first 36 months, increasing to ₹42.69 lakh for the remaining term.

• The lease was signed between IKEA India Ltd. and Vamona Developers Pvt Ltd.

5. Google LLC Leases 617,000 sq ft Office Property in Gurugram

• The deal is among the largest office space transactions of the year in India.

• Google has leased the office space at Atrium Place, Gurugram, a DLF–Hines joint venture in Sector 19.

• Google had earlier leased 550,000 sq ft from managed-office provider Table Space in Intellion Park, Sec 59, Golf Course Ext Road.

• The company had earlier terminated a 700,000 sq ft lease in Gurugram in 2022 with Vatilka due to handover delays.

6. India’s Office Space Stock Crosses 1 Billion sq ft in Q3 2025

• Gross leasing in the first nine months of 2025 reached 66.7 million sq ft, a 24% year-on-year increase.

• During Q3 2025, office space transactions across the top eight cities totalled 17.8 million sq ft, a 6% decline year-on-year.

• New completions in Q3 2025 stood at 12.4 million sq ft, with Bengaluru contributing nearly half (5.9 million sq ft) of the fresh supply.

• The milestone reflects India’s total office stock surpassing 1 billion sq ft for the first time.

7. Adani Realty and Marathon Nextgen Realty Limited Join Forces for ₹3,400 Crore Commercial & Retail Project in South Mumbai

• The project is named Monte South Commercial and is located in Byculla, Mumbai.

• The development will cover 1.2 million sq ft and will feature Grade-A office spaces, premium retail zones, and amenities for modern businesses.

• The project forms part of the larger Monte South campus, which includes four residential towers rising over 64 storeys and a residential sale carpet area over 1.6 million sq ft.

• The partnership aims to capitalise on demand for commercial and retail real-estate in South Mumbai.

8. MMRDA to Auction Wadala Plot After 15 Years, Eyes ₹1,629 Crore Windfall

• The 10,860 sq m plot will be leased to private developers for 80 years, with a permissible Floor Space Index (FSI) of 10, allowing up to 108,600 sq m of built-up area.

• The reserve rate has been nearly finalised at ₹1.5 lakh per sq m.

• The plot allows mixed-use development including commercial, retail, offices, hotels, restaurants, healthcare, educational, cultural and recreational facilities.

• The auction is happening after more than 15 years, pointing to renewed government monetisation efforts.

9. Sobha Ltd to Launch ₹22,000 Crore Worth Housing Projects in Next 18 Months to Tap Strong Demand

• The company plans to launch 13 residential projects covering 16 million sq ft and two commercial projects of 0.74 million sq ft.

• During July–September, it sold 13.94 lakh sq ft at an average price realisation of ₹13,648 per sq ft.

• In Q2 of this fiscal, Sobha Ltd reported a 61% growth in sales bookings to ₹1,902.6 crore from ₹1,178.5 crore a year ago.

• The developer has delivered 148.02 million sq ft across 27 Indian cities so far.

10. Bankrupt Housing Development & Infrastructure Limited (HDIL)’s 429-Acre Dahisar Plot to be Auctioned to Recover Dues

• The bank took possession of the land on 26 December 2023; moreover, it aims to recover ₹2,059.30 crore from HDIL, Ravijyot Finance, and the Wadhawan family.

• The auction reserve price is set at ₹1,234.62 crore with an earnest money requirement of ₹15 crore; furthermore, bids will be in multiples of ₹2 crore.

• The successful bidder must pay 25% immediately; furthermore, the remaining 75% is due within two weeks, extendable up to three months.

• Ongoing litigations include SARFAESI and DRT cases; moreover, the BMC has acquired 15.53 acres for dues recovery.

Conclusion

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