WeWork Pune lease, SRK manager Bandra buy, Anita Puri sale, Welspun deal and more property news

WeWork Pune lease, SRK manager Bandra buy, Anita Puri sale, Welspun deal and more property news

1. WeWork leases 2 lakh sq ft office space in Pune’s Wakad for over ₹161 cr

• WeWork leases office space at Phoenix Millennium Tower-3, Wakad Pune for over ₹161 cr across multiple floors
• The property spans 2.04 lakh sq ft with a starting rent of ₹1.49 cr translating into ₹73 per sq ft per month
• Lease spans 10 years for 13th-15th floors and 5 years for 16th-17th floors with 12 percent and 13.5 percent escalation cycles
• WeWork has subleased 13th to 15th floors to Arctera, TIBCO and CSGIND at ₹255 per sq ft per month

2. SRK Manager, Pooja Gurnani, family buy three apartments in Mumbai’s Bandra for ₹38.21 crore

• Pooja Gurnani and family buy three apartments at Varun, Carter Road, Bandra, Mumbai for ₹38.21 crs
• The combined 4,776 sq ft area implies pricing of ₹80000 per sq ft across three higher-floor apartments
• Each apartment spans 1,511 sq ft with 81 sq ft balcony, acquired from Tryksha Real Estate, arm of Lotus Developers
• The redevelopment project is under construction with possession scheduled for December 2028

3. Anita Puri, wife of former HDFC Bank MD Aditya Puri, and daughter, sell a flat in Mumbai for ₹27 cr

•  Anita Puri and Amrita Puri sell an apartment at Omkar 1973, Worli, Mumbai for ₹27 crs
• The apartment pricing reflects a transaction value of ₹27 crs with earlier acquisition cost recorded at ₹19.81 crs
• The higher-floor apartment includes four car parking spaces and is located within the twin-tower development by Omkar Realtors
• The property was originally purchased in March 2017 and has now been transferred to Suraymya Nevatia and Akshada Nevatia

4. Oberoi Realty’s bookings in FY26 fell by 24% to 698 units, booking value up by 3% at ₹5,447 crore

• Oberoi Realty reports FY26 bookings of 698 units with total booking value at ₹5447 crs
• Total carpet area booked stood at 11.47 lakh sq ft reflecting sales activity despite limited growth in overall booking value
• FY26 bookings declined 24 percent from 929 units while carpet area dropped 10 percent from 12.83 lakh sq ft
• Quarterly momentum improved with Q4 bookings at 229 units and booking value rising to ₹1673 crs from ₹836 crs in Q3

5. Welspun Enterprises leases 4.57 lakh sq ft commercial space in Pune for ₹82 crs

• Welspun Enterprises leases office space at Radius IT Park, Hinjewadi, Pune for ₹82 crs total deal value
• The 4.57 lakh sq ft chargeable area is leased at starting rent of ₹1.25 crs translating into ₹27 per sq ft per month
• The lease spans 5 years from April 2026 to March 2031 with 5 percent annual escalation clause
• The transaction includes 3.29 lakh sq ft carpet area leased from Indo Global Soft Solutions and Technologies Pvt Ltd

6. Notandas Realty acquires sea-facing bungalow in Juhu for ₹221 crs

• Notandas Realty buys bungalow Leela, Juhu Tara Road, Mumbai from Nanavati family for ₹221 crs
• The 8,480 sq ft built-up area implies pricing of ₹260592 per sq ft for the heritage bungalow transaction
• The ground plus one 6BHK bungalow stands on 1,355 sq m plot with 2,500 sq ft terrace and 5,000 sq ft garden
• The property is a sea-facing heritage bungalow built in the 1950s and owned by promoters of Nanavati Hospital

7. Lodha Developers posts 24% profit growth in FY26 with strong income expansion

• Lodha Developers reports FY26 net profit at ₹3431 crs, marking 24 percent growth from ₹2767 crs
• Total income stood at ₹17120 crs in FY26 compared to ₹14170 crs indicating 21 percent growth in overall business performance
• The company added 12 projects with GDV of ₹60000 crs taking total development potential to ₹200000 crs
• The board recommended final dividend of ₹4 per share while net debt reduced by ₹800 crs to ₹5377 crs

8. Dubai home prices decline 5.9% in March after post-pandemic boom

• Dubai residential market records first price decline since 2020 with ValuStrat index falling 5.9 percent in March
• Residential sales value dropped nearly 20 percent to 37.2 bn dirhams with transactions declining to about 13000 from 16000
• Property prices had surged over 70 percent since 2020 before current correction reversing sustained post-pandemic growth
• Off-plan segment accounted for nearly 75 percent of transactions with sales value declining by around 13 percent

9. Sunteck Realty Q4 pre-sales rise 22% to ₹1064 crs with FY26 growth momentum

• Sunteck Realty reports Q4FY26 sales bookings of ₹1064 crs marking 22 percent growth from ₹870 crs
• FY26 sales bookings rose to ₹3157 crs from ₹2531 crs reflecting 25 percent annual growth in overall pre-sales performance
• Net profit for Q4FY26 increased 27 percent to ₹64 crs while total income rose to ₹348 crs from ₹217 crs
• Full year net profit stood at ₹204 crs with total income rising to ₹1168 crs compared to ₹902 crs in previous fiscal

10. India’s top 8 cities see 24pc dip in net office leasing in Jan-Mar on lower demand: C&W

• Cushman & Wakefield reports net office leasing at 11.51 mn sq ft in Jan-Mar 2026, down 24 percent YoY
• Gross leasing rose 13 percent to 21.89 mn sq ft from 19.3 mn sq ft indicating continued overall market activity
• Net absorption declined from 15.08 mn sq ft due to slower fresh leasing and delayed project completions across key cities
• GCCs contributed around 40 percent of leasing while upcoming supply pipeline stands at 61 mn sq ft across top 8 cities

Conclusion

From large-scale office leasing to high-value luxury residential deals, the real estate market continues to see steady activity across segments. While GCC-led demand and commercial expansion remain strong, premium residential transactions in key micro-markets highlight sustained investor confidence. Overall, both domestic and global trends indicate a market adjusting to short-term shifts while maintaining long-term growth momentum.