HomeWeekly news trackerFrom Bandra redevelopment to GIFT city projects

From Bandra redevelopment to GIFT city projects

January 12, 2026

Celebrity-backed developments, corporate leases and land acquisitions highlight the scale and confidence in India’s 2026 real estate market.

1. Salman Khan’s brother-in-law Atul Agnihotri’s firm to redevelop 60-year-old Bandra housing society

  • The redevelopment involves the 60-year-old Palimala Co-operative Housing Society Limited
  • Atul Agnihotri is entering real estate development by taking on this project under the banner of his firm Shivansai Homemaker Infra LLP
  • Atul Agnihotri, married to Salman’s sister Alvira Khan, is a Bollywood actor-producer of films like Sir, Aatish & Krantiveer
  • The three-storey society has 11 members, of which five flats are owned by the Agnihotri family and Reel Life Production Pvt Ltd

2.Sri Lotus Developers, Abhishek Bachchan join hands for mixed-use development in Gujarat’s GIFT City

  • The Bachchan family has officially entered luxury real estate by enetering into a JV with Sri Lotus Developers
  • The upcoming development will have a mix of premium retail, Grade-A commercial offices and high-end residential units
  • This project marks Sri Lotus Developers’ first real estate project in Gujarat & land parcel was purchased by teh Bachchans 15 years ago
  • The project will be an ultra-luxury, mixed-use development built on freehold land spanning over 1 mn sq ft of development area

3.Cricketer Rohit Sharma’s wife Ritika Sajdeh buys an apartment for ₹26 cr in Mumbai’s Prabhadevi

  • The apartment was purchased from Ajinkya DY Patil and Puja Anjinkya Patil of D Y Patil Group
  • The property has a carpet area of 2,760 sq ft and includes three car parking spaces
  • The property is located in Ahuja Towers in Prabhadevi, a premium residential development in the area
  • Last year, in Jan 2025, Rohit Sharma had rented out his property in Lodha Marquis Lower Parel, Mumbai, for ₹2.6 lakh per month

4.Ideal Cures founder Suresh Pareek and his wife buy two luxury flats for ₹190 cr in Mumbai’s Worli

  • The apartments feature two balconies of over 1,100 sq ft, two open terraces exceeding 700 sq ft and 10 car parking spaces
  • The sellers of the two apartments are Chandru Raheja, Chairman of K Raheja Corp and Jyoti Raheja
  • The apartments are located on the 43rd floor of Raheja Artesia and together measure over 12,000 sq ft
  • Suresh Pareek, a venture capitalist and inventor of 16 patents, exited Ideal Cures Pvt Ltd in 2022

5.Runwal Enterprises acquires 200 acres in Alibaug for ₹20,000-cr township

  • The development has a total potential of around 20 million sq ft and a planned execution timeline of seven years
  • The township will include residential and commercial spaces, a five-star hotel, golf course & social amenities
  • The project will be developed under the Maharashtra Regional and Town Planning (MR&TP) Act, 1966
  • Runwal Enterprises plans to invest approximately ₹9,000 crore, with the land bordered by the sea on three sides

6.Wipro leases 1.45 lakh sq ft at Mindspace Airoli, Navi Mumbai, for a total rent of over ₹61 cr

  • The agreement, signed with Mindspace Business Parks Pvt Ltd, commences on April 1, 2026, and is valid for five years (60 months)
  • Mindspace, hosts major firms across IT, consulting, fintech firms including LTI–Mindtree, Accenture, Cognizant, IBM India, etc.
  • In 2024, Wipro had leased 3.87 lakh sq ft in the same park for a 10-year period with starting monthly rent of over ₹2.47 cr
  • The lease carries a starting monthly rent of over ₹97 lakh and includes 97 dedicated car parking spaces

7.Facebook India leases nearly 69,702 sq ft office space in Hyderabad’s Hitec City for five years

  • The deal was signed with Mahanga Commercial Properties Pvt Ltd for five-years with monthly rent of approximately ₹67 lakh
  • The space is located on the fourth floor of Skyview 20 at The Skyview complex
  • In 2024, Facebook renewed 3.7 lakh sq ft in Hyderabad at monthly rents totalling about ₹2.8 cr
  • The deal includes 70 car parking slots, with a 15% rent escalation after three years

8.Windsor Realty acquires nine office units in Mumbai’s Santacruz for ₹283 cr

  • The units are spread across the 7th and 8th floors of the building
  • Corporate sellers, including Prism Johnson Ltd, sold six units, while the developer’s partner sold three.
  • The offices are located in Windsor, a commercial building in the Kalina area of Santacruz, Mumbai
  • The transaction comprises nine commercial office units with a total carpet area of 42,340 sq ft

9.Sundaram-Clayton Sells Chennai Land for ₹560 cr to Prestige-Arihant JV

  • The buyer is Canopy Living LLP, a joint venture between Prestige Estates Projects Ltd and Arihant Foundations & Housing Ltd
  • Canopy Living LLP plans to develop a large residential project on the prime land parcel
  • The land parcel is located at Korattur village in Ambattur taluk, north-west Chennai
  • The sale enables the TVS Group company to monetise non-core assets and unlock value

10.Office leasing hits record 86.4 mn sq ft in 2025; Bengaluru leads with 28.7 mn sq ft

  • Delhi-NCR, Mumbai and Ahmedabad recorded declines in office leasing during the year
  • Global Capability Centres accounted for 63% of Bengaluru’s leasing, reinforcing its tech hub status
  • Leasing volumes were 43% higher than the pre-pandemic peak recorded in 2019
  • Pune, Chennai, Hyderabad and Kolkata saw strong leasing growth, led by Kolkata’s 69% rise to 2.3 msf

Conclusion

From Salman Khan’s extended family entering redevelopment to Bachchan-led luxury projects at GIFT City, high-value home purchases, and record-breaking office leasing, the real estate sector continues to attract both celebrity capital and corporate demand. Meanwhile, large-scale township plans, strategic land monetisation, and rising GCC-led leasing reaffirm India’s position as a resilient and expanding real estate market in 2026.

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