JP Morgan, IBM & Apple lead big-ticket property deals

From Rakesh Roshan’s Pune land sale and JP Morgan’s largest GCC lease in Powai to IBM, Apple and HERE Solutions locking in long-term office spaces.

1. Bollywood actor Hrithik Roshan’s father, Rakesh Roshan, sell a plot in Pune district for ₹15 cr

• Rakesh Roshan sold a 1.09-hectare (1,17,326 sq ft) plot in Lohegaon, Haveli taluka, Pune for ₹15 crore

• In November 2025, Rakesh Roshan and wife Parmila Roshan purchased 5 office units for ₹19 crore

• Hrithik Roshan’s HRX Digitech LLP and Parmila Roshan’s Filmkunj (Bombay) Pvt Ltd jointly bought 10 office units for ₹28 crore

• Earlier in May 2025, Hrithik Roshan and Rakesh Roshan sold three residential apartments in Andheri, Mumbai for ₹6.75 crore

2. IBM India leases 2.3 lakh sq ft in Gurugram for ₹180cr over 10 years

• IBM India leased 2.30 lakh sq ft at Intellion Park, Sector 59, Gurugram

• The lease is signed at a monthly rent of ₹1.25 crore (₹54.5 per sq ft)

• Rent includes a 15% escalation every 3 years

• Lease signed with Mikado Realtors Pvt Ltd, a Tata Group (TRIL) company, including 307 parking spaces

3. JP Morgan leases 13 lakh sq ft commercial office space in Powai for a total rent of over ₹5,200 cr

• The space will house JP Morgan’s Global Capability Centre (GCC), set to be Asia’s largest

• Office spans 19 floors with ~1,300 parking spaces

• Leased from Brookfield Properties for a 20-year tenure, starting at ₹300/sq ft/month

• Project includes ₹9,000 crore investment to develop a 2 million sq ft GCC campus

4. Apple expands Hyderabad presence, leases additional 57,000 sq ft office space for 5 years

• Apple leased 57,000 sq ft at WaveRock IT Park, Hyderabad

• Monthly rent fixed at ₹71.6 lakh, working out to ₹125 per sq ft/month

• Rent includes warm shell (₹74.18/sq ft) and fit-out rent (₹50.82/sq ft)

• Total Apple footprint at the campus now stands at ~6.34 lakh sq ft

5. Here Solutions leases more than 2 lakh sq ft office space in Navi Mumbai for ₹147 cr

• HERE Solutions leased space at Mindspace Business Park, Airoli

• Lease tenure is 10 years with a total value of ₹147 crore

• Starting rent is ₹1.48 crore/month (₹71 per sq ft) with 4.5% annual escalation

• Office includes 1.45 lakh sq ft carpet area and 194 car parking spaces

6. Godrej Properties acquires 8.5-acre Pune land for ₹2,000 cr housing project

• Land located in Mahalunge–Maan–Nande belt, Pune

• Site offers 2.1 million sq ft development potential

• Projected revenue potential estimated at ₹2,000 crore

• Location benefits from proximity to Hinjewadi, Baner–Balewadi, and strong social infrastructure

7. Brigade Group acquires 2.2 acre land parcel near Hyderabad

• Brigade acquired land in Secunderabad, Telangana

• Land purchased via HMDA auction at ~₹118 crore per acre

• Proposed project carries a gross development value (GDV) of ₹650 crore

• Follows Brigade’s earlier 4-acre acquisition in Neopolis Phase 3

8. CorporatEdge forays into Dubai, plans ₹225 cr expansion across the Gulf with Braymont Holding

• First UAE centre launched at Emaar Square, Downtown Dubai

• Facility spans 36,000+ sq ft with 95 premium serviced office suites

• Expansion planned across the Gulf with Braymont Holding

• CorporatEdge operates 17 centres, 5.9 lakh sq ft footprint, and 8,900+ workstations

9. Retail leasing touches 12.5 mn sq ft in 2025; Delhi NCR, Bengaluru drive demand

• Retail leasing surged over 50% YoY, hitting a 3-year high

• Delhi NCR led with 3.02 mn sq ft, followed by Bengaluru and Hyderabad

• High streets dominated leasing with 48% share, malls contributed 45%

• Kolkata, Chennai, and Pune recorded lower leasing activity

10. GMRL seeks land for construction of entry, exits at 8 stations

• GMRL requested ~1 acre land from HSVP for metro station access

• Stations include Millennium City Centre, Udyog Vihar Phase VI & multiple sectors

• Haryana government formed a land acquisition committee

• Land to be purchased at 25% above predetermined rates