HomeWeekly news trackerSmartworks’ Mumbai deal, SEBI lease & Apple BKC expansion

Smartworks’ Mumbai deal, SEBI lease & Apple BKC expansion

December 22, 2025

Smartworks’ Tata Realty deal, SEBI’s ₹7 lakh Mumbai lease, Apple’s BKC office expansion,  Hero Realty land buy and flex space growth.

1. SEBI leases a 5 BHK apartment for its chairman, Tuhin Kanta Pandey for ₹7 lakh in Mumbai

  • SEBI leased a 5 BHK apartment in Rustomjee Crowne for Chairman Tuhin Kanta Pandey

  • The starting rent of ₹7 lakh/month includes a 5% annual escalation

  • The three-year lease totals around ₹2 crore over the tenure

  • The apartment includes four parking spaces and lies 30 minutes from SEBI’s office

2. Actor Sanjay Mishra buys a ₹4 cr sea-view flat in Mumbai’s Madh Island

  • Sanjay Mishra bought a sea-view flat in Raheja Exotica Cyprus, Madh Island
  • The apartment sits on the 15th floor with a 1,701 sq ft RERA carpet area
  • The home includes a 201 sq ft deck, taking total area beyond 1,900 sq ft
  • The project also houses homes of Jubin Nautiyal, Vikrant Massey and others

3. Smartworks leases 5.57 lakh sq ft office space from Tata Realty in Mumbai

  • Smartworks leased 5.57 lakh sq ft at Intellion Park, developed by Tata Realty
  • The deal makes this Smartworks’ largest managed office campus
  • With this lease, Smartworks’ Mumbai portfolio crosses 1 million sq ft
  • The company now manages around 12 million sq ft across 14 cities

4. Former Lodha Developers director, Rajendra Lodha, arrested for alleged involvement in fraud

  • Mumbai Police arrested Rajendra Lodha over alleged ₹85 cr land fraud
  • The FIR alleges fund siphoning between September 2013 and August 2025
  • Police remanded him to custody till September 23 by court order
  • Investigators claim Lodha threatened company leadership during the dispute

5. Hero Realty expands Mohali portfolio with ₹260 cr land deal for luxury project

  • The land, bought through Vikas Parks Pvt. Ltd, will be developed into a luxury residential project under Hero Homes
  • Hero Realty Group has acquired an 8.71-acre land parcel in Sector 99, Mohali via a GMADA auction
  • HRPL is currently developing 5.2 million sq. ft. of residential projects across NCR and Punjab
  • The location is well connected to Chandigarh, key institutions in Mohali, and upcoming expressways

6. Apple expands, renews office space lease in Bandra Kurla Complex

  • With this, Apple has expanded its Mumbai office lease from 6,526 sq ft at ₹50 lakh/month to 31,023 sq ft at ₹2 cr/month
  • The smaller office was priced at ₹768 per sq ft, while the new space is at ₹660 per sq ft monthly
  • Company has renewed its lease for units located on the 5th, 6th, 7th & 8th floors of Maker Maxity 4 and has signed a fresh lease for the 10th floor along with the terrace area
  • The expansion coincides with the launch of iPhone 17 series in India

7. BNP Paribas India Solutions expands footprint with ₹95 lakh monthly lease in Thane

  • BNP Paribas India Solutions has leased 1.45 lakh sq ft office space in Hiranandani Centaurus in Thane West
  • The lease covers the 11th and 12th floors of the Grade-A commecial tower and includes the right to use up to 145 parking slots
  • The office includes a carpet area of 99,831 sq ft and chargeable area of 145,384 sq ft
  • The agreement spans 5 years and monthly rent is fixed at ₹94 lakh, translating to ₹65 per sq ft & includes an annual escalation of 4.75%

8. Raheja Universal buys back commercial office building in Mumbai from HDFC at ₹211 cr

  • The asset includes two basements, ground floor, first to fifth floors, and terrace space
  • Raheja Centre Point, located in Mumbai’s Kalina area, has a built-up area of 49,359 sq ft on a 2,464 sq m plot
  • The building was earlier sold to HDFC Bank Ltd through two transactions in December 2019 and March 2020
  • The building was sold to HDFC for a total of ₹167 cr as part of a portfolio realignment

9. Flexible office space in India to cross 100 mn sq ft by 2026

  • India’s flex office stock may cross 100 mn sq ft by 2026
  • As of Q2 2025, the country had 79.7 mn sq ft of flex space
  • Bengaluru leads with 21.1 mn sq ft, followed by NCR and Pune
  • India ranks highest on flex workspace maturity across global markets

10. BlackRock Services India Pvt Ltd leases 1.43 lakh sq ft office space in Bengaluru

  • BlackRock leased 1.43 lakh sq ft at KNG Tower 1 on MG Road

  • BlackRock has signed a 10-year lease valued at ₹410 cr and will pay a monthly rent of ₹2.72 cr.

  • The space spans the ground floor and five additional floors

  • The deal reflects strong demand for premium CBD office assets

Conclusion

India’s real estate market continues to witness strong momentum across commercial leasing, luxury housing, flex offices and institutional deals. From SEBI’s high-value residential lease and Apple’s major BKC expansion to Smartworks’ mega Navi Mumbai campus and BlackRock’s long-term Bengaluru lease, demand for quality assets remains robust. Meanwhile, land acquisitions by Hero Realty and Raheja Universal, alongside rapid growth in flexible workspaces, signal confidence across developers, occupiers and investors alike underscoring the sector’s resilience and evolving maturity.

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 –

Instagram launches a new logo - a 'simpler camera' - BBC News– simplease_in

File:LinkedIn icon.svg - Wikimedia Commons – simplease

File:Youtube logo.png - Wikimedia Commons – Simplease

Related Posts

About The Author

blogs admin

Add a Comment

Your email address will not be published. Required fields are marked *