Shah Rukh Dubai Tower, DAMAC launch, major leases & big deals

From Shah Rukh Khan Dubai tower, DAMAC Islands 2 launch, Jaypee Infratech case to major India property deals & leasing trends.

1. Shah Rukh Khan Gets a 55-Storey Commercial Tower in Dubai Named After Him

• Dubai’s Danube Properties will develop a new 55-storey commercial tower on Sheikh Zayed Road.

• The project includes Danube’s popular 1% payment plan and optional 10-year Golden Visa for eligible investors.

• Spanning over 1 mn sq ft, prices begin at ₹4 crore with units ranging from 460 to 11,000 sq ft.

• Named Shahrukhz, the tower will feature a statue of Shah Rukh Khan in his iconic arms-outstretched pose.

2. Alia Bhatt, Ranbir Kapoor Add Star Power to DAMAC Islands 2 Launch in Dubai

• DAMAC launched DAMAC Islands 2, its seventh Dubai master community with luxury waterfront living.

• The development features premium villas and townhouses starting at ₹6.5 crore.

• The project draws inspiration from eight global islands for its design and lifestyle experience.

• Ambassadors Alia Bhatt, Ranbir Kapoor, and Arab singer Majid Al Mohandis also star in its promotional film.

3. ED Arrests Former Jaypee Infratech MD in ₹14,599 Cr Scam Case

• The Enforcement Directorate arrested Manoj Gaur under the PMLA in connection with the Jaypee Infratech scam.

• Investigations revealed diversion of homebuyer funds to trusts, including Jaypee Sewa Sansthan.

• FIRs filed by homebuyers of Jaypee Wishtown and Jaypee Greens alleged cheating, conspiracy, and breach of trust.

• The ED claims diverted funds led to project delays and incomplete developments.

4. Sea-Facing Juhu Flat Linked to Harshad Mehta to Be Auctioned

• A Juhu flat formerly linked to Harshad Mehta will be auctioned; it belonged to the late Sushila Shah.

• The apartment, 1,150 sq ft super built-up, lies within the Vandana CHS at Janki Kutir.

• Shah was a partner in Romil Exports and a judgment debtor in a case involving Orion Travels.

• Janki Kutir is a prime enclave that also houses the iconic Prithvi Theatre.

5. 91Springboard Leases 1 Lakh Sq Ft in Mumbai and Gurugram

• The coworking operator leased 40,000 sq ft at Hiranandani Business Park, Andheri East.

• It also leased 60,000 sq ft at DLF World Trade Park in Gurugram.

• 91Springboard currently operates 1.64 mn sq ft across 43 hubs in major Indian cities.

• New spaces aim to serve GCCs, large enterprises, MSMEs, and late-stage startups.

6. Kalpataru Sells Office Space Near Mumbai for ₹304 Crore

• Kalpataru Group sold six built-to-suit office spaces in Kalpataru Virtus, Vikhroli.

• The sale includes 93,226 sq ft RERA carpet and 1.02 lakh sq ft built-up area.

• Floors sold range from the 15th to the 20th, with project completion expected by 2027.

• The developer sold over ₹1,200 crore worth of commercial assets in the past year.

7. Hiranandani Communities to Develop ₹300 Cr Senior Living Project in Chennai

• Located in Oragadam, the Elements project will offer senior-friendly 2BHK homes of approx. 700 sq ft.

• Prices start from ₹60 lakh, with the project spread across 4.5 acres.

• A total of 400 homes will be built in two phases, spanning 1 mn sq ft.

• Hiranandani has partnered with GTB Urban Developers for co-development.

8. Trident Realty Eyes ₹1,200 Cr Revenue From Plots in Panchkula

• The Central Vista phase offers 199 plots sized between 300 and 680 sq yards.

• Features include a 1.25-acre central park, kids’ zones, amphitheatre, and yoga pavilion.

• Additional amenities include jogging tracks, outdoor gym, and reflexology pathways.

• Located along the Zirakpur–Panchkula–Kalka Highway near nature spots like Sukhna Lake.

9. India’s Retail Leasing Hits 3.2 Mn Sq Ft in Q3 2025, Up 65% YoY

• Delhi-NCR led retail leasing with 35% share, followed by Hyderabad at 12%.

• Strong activity continued in Mumbai (0.6 mn sq ft) and Bengaluru (0.4 mn sq ft).

• Shopping malls accounted for 53% of leasing; high streets contributed 41%.

• With 4.7 mn sq ft new supply expected in Q4, retail leasing may cross 10 mn sq ft in 2025.

10. WeWork India’s Profit Drops to ₹6 Cr in Q2 FY26

• The profit dip is attributed to last year’s deferred tax credit adjustment.

• Despite the drop, the company saw a turnaround from a ₹14.1 crore loss in Q1 FY26.

• WeWork India has 11,000 desks under fit-out and 3,000 desks awaiting handover.

• With 15,000 desks under LOI, the company aims to hit a 10 mn sq ft portfolio soon.

Conclusion

Visit Simplease for property management services.

Speak with our experts at +91‑84 48 802 803

Email us at info@simplease.in

Follow us for more insights on real estate –

– simplease_in

 – simplease

 – Simplease