Dhruv Dutt’s arrest, DLF, Godrej & Oberoi Realty’s land deals

February 9, 2026

From Dhruv Dutt Sharma’s arrest and Worli luxury buys to BKC office sales, Bandra land bids and warehousing growth across India.

1. 32nd Avenue Owner Dhruv Dutt Sharma Arrested for Investor Fraud

FIR alleges a ₹2.5 cr payment for a 3,000 sq ft commercial unit without ownership transfer
Police have recorded 5 FIRs and complaints from 55 investors so far
Sharma allegedly sold the same property to 25+ investors between 2022–23
Authorities suspect fund diversion into plots and hotel assets in Goa and Rajasthan

2. Radha Tanti Buys ₹123 Cr Ultra-Luxury Apartment in Worli

The 7,139 sq ft apartment is located in Artesia on Hind Cycle Marg, Worli
The deal includes six dedicated car parking spaces
Ravi Raheja, Group President at K Raheja Group, sold the apartment
Worli continues to dominate ultra-luxury housing activity in Mumbai

3. Standard Chartered Sells BKC Office Space for ₹197 Cr

The sold office unit has a chargeable area of 28,516 sq ft
The asset is located at Crescenzo Business District in Bandra Kurla Complex
Advanced Realty Pvt Ltd acquired the space at ₹69,084 per sq ft
The transaction includes 27 dedicated car parking spaces

4. OVS Leases 11,000+ Sq Ft Retail Space at Sky City Mall

The ground-floor retail unit spans a carpet area of 11,158 sq ft
The deal carries a starting rent of ₹41.84 lakh per month
Rent escalates to ₹44.63 lakh and ₹51.32 lakh in later years
OVS plans to open at least five stores in India by 2027

5. Oberoi Realty Tops ₹5,400 Cr Bid for Bandra Railway Land

Oberoi Realty emerged as the highest bidder for an 11-acre RLDA plot
The site sits next to the Western Express Highway in Bandra East
The proposed lease tenure spans 99 years
The land offers development potential of around 19.5 lakh sq ft

6. Jabil Leases 4.1 Lakh Sq Ft Warehousing Space Near Pune

The facility lies on the Pune–Ahilyanagar Highway at Ranjangaon MIDC
The lease carries a monthly rent of about ₹94.8 lakh
Rent escalates by 10% every two years over the 10-year tenure
The chargeable area totals 4.13 lakh sq ft

7. Godrej Properties Sells ₹1,000 Cr Worth of Plots in Panipat

Godrej sold over 600 plots at Evora Estate in Sector 40, Panipat
The project marks the developer’s entry into the Panipat market
The plotted development spans around 8 lakh sq ft of saleable area
GPL also reported ₹2,000+ cr sales at Godrej Trilogy, Worli

8. Mukeeta Jhaveri Buys ₹38 Cr Apartment on Carmichael Road

The apartment is located at Echay House, developed by JSW Realty
The deal values the home at ₹1.36 lakh per sq ft
The unit has a carpet area of 2,805 sq ft including parking
Pramit Jhaveri is the former CEO of Citibank India

9. DLF Sells Kolkata Tech Park and Land for ₹670 Cr

Srijan Group entities acquired the DLF TechPark II SEZ asset
The IT park spans ~10.54 lakh sq ft of leasable area
A separate deal covers 17.75 acres of vacant land for ₹260 cr
The SEZ reported ₹66.88 cr turnover in FY25

10. Warehousing Stock Crosses 610 Mn Sq Ft Across India

Tier I cities account for 82% of total warehousing stock
Net absorption stood at 55 mn sq ft in Tier I cities in 2025
Tier II cities added 12 mn sq ft amid infrastructure upgrades
India’s warehousing stock is projected to reach 850 mn sq ft by 2030

Conclusion

This week’s real estate developments underline the market’s dual momentum. While luxury housing in Mumbai continues to attract high-value buyers, large-scale land bids and institutional transactions signal sustained confidence in long-term urban growth. At the same time, rising warehousing stock and industrial leasing highlight India’s expanding logistics backbone, even as regulatory scrutiny tightens around developer conduct. Together, these trends reflect a market that is actively consolidating, diversifying, and scaling across asset classes.

Visit Simplease for property management services.

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

Email us at info@simplease.in

– simplease_in