Sushmita Sen’s mother buy, Sonu Nigam lease & Wipro expansion

From Sushmita Sen’s mother buying two flats to Sonu Nigam’s BKC lease and Kartik Aaryan’s office purchase, Mumbai sees major property action.

1. Sushmita Sen’s mother buys two flats worth nearly ₹17 cr in Mumbai

• The apartments priced at ₹8.40 cr & ₹8.49 cr, have a RERA carpet area of 1,760 sq ft each & coming with one parking space each

• Subhra Sen is an Indian jewellery designer and the mother of actress and former Miss Universe Sushmita Sen

• Elysian by Oberoi Realty has recorded 172 sale registrations with a total transaction value of Rs. 1,715 crs

• Subhra Sen, has purchased the apartments in Oberoi Realty’s Elysian project in Goregaon East

2. Sonu Nigam leases his 4,257 sq ft Mumbai property near BKC for ₹12 cr over five years

• The office is located in Mumbai’s Santacruz, building named Trade Centre BKC

• The property has been leased to Pattni Hospitality, operator of Downtown 29 café & bar

• From Year 2 onward, rent increases 5% annually, reaching ₹21 lakh, ₹22.05 lakh, and ₹23.15 lakh in the 3rd, 4th & 5th years respectively

• The first-year rent is ₹19 lakh/month, rising to ₹20 lakh in Year 2 with a 5.26% escalation

3. Kartik Aaryan’s family expands real estate portfolio with ₹10 cr purchase

• In September 2025, Kartik Aaryan and his parents bought an office space in Andheri West, Mumbai, for ₹13 cr

• The office spans 1,228 sq ft and is located on the first floor of Notan House in the JVPD area of Vile Parle West

• The seller was Notan House Pvt Ltd and the sale included two car parking spaces

• Kartik Aaryan’s parents, Mala Tiwari and Manish Tiwari, have purchased an office space in Mumbai

4. Mumbai property registrations hit all-time high in November, up 20% YoY

• Luxury housing share rose 7%, the <₹1 cr segment declined, the ₹1–2 cr category increased 33% & ₹2–5 cr bracket stayed stable

• Mumbai recorded 135,807+ registrations in the first 11 months of 2025, contributing ₹12,224 cr to the state exchequer

• Property registrations rose 5% MoM, residential properties accounted for 80% of all registrations in November

• 12,219 property registrations were recorded and stamp duty collection for the month stood at ₹1,038 cr, up 12% YoY

5. Sanjali Bajaj purchases a luxury apartment in Mumbai’s Worli for ₹66 cr

• The deal includes four car parking spaces, purchased at a rate of ₹1.20 lakh per sq ft

• The apartment is located on 5th floor of Prime Ceejay Residency in Worli, spanning 5,551 sq ft, with an additional 430 sq ft balcony

• Sanjali previously bought a 3,000+ sq ft sea-view apartment in Mahalaxmi for ₹28 cr in 2022

• The Bajaj family collectively bought ₹104 cr worth of sea-facing homes that same year

6. Housing sales in India’s top 15 tier-2 cities fell by 4% YoY, sales value increased by 4%

• Ahmedabad remained the top market in both sales and launches in Q3 2025

• Bhubaneshwar witnessing the maximum decline at 26% while Trivandrum experienced the strongest sales growth at 19%

• Housing sales in India’s top 15 tier-2 cities fell by 4% YoY to 39,201 units in Q3 2025, even as the sales value rose by 4% to ₹37,409 crs

• Northern India, comprising Lucknow, Mohali and Jaipur, saw a 16% YoY and 7% QoQ rise in sales in Q3 2025

7. WeWork leases 1.75 lakh sq ft office space in Hyderabad; sub-leases entire space to JP Morgan

• In one of the largest deals in Hyderabad market, WeWork India has leased 1.75 lakh sq ft space at Skyview 20, a Grade-A tech park

• JP Morgan will pay a starting monthly rent of ₹4.38 cr under the 60-month sub-lease agreement

• WeWork therafter sub-leased the entire space to JP Morgan Services India Pvt Ltd

• The lease is for five years, with a starting monthly rent of ₹1 cr paid to Mahanga Commercial Properties

8. Godrej Properties acquires 5-acre Hyderabad plot; to build ₹4,150 cr premium housing project

• The land is acquired through an HMDA e-auction and is located in Neopolis, Kokapet in Hyderabad

• The proposed project will feature a premium residential development with an estimated saleable area of 2.5 mn sq. ft.

• Hyderabad has emerged as one of Godrej Properties fastest-growing markets, with sales upwards of ₹2,600 cr in 2025

• Godrej Properties emerged as the highest bidder for the parcel in an auction conducted by Hyderabad Metropolitan Development Authority

9. Smartworks leases around 1.68 lakh sq ft of office space to Wipro in Kolkata

• Smartworks currently manages a portfolio of 14 mn sq ft across 61 centres in 14 cities in India and Singapore

• Both campuses are located in Salt Lake City, Sector V, a key commercial micro market in Kolkata

• The IT major’s new office is spread across two Smartworks campuses, Victoria Park and Mediasiti

• JLL India acted as the advisory partner for this transaction