NVIDIA Bengaluru lease, BP Pune deal, Mumbai registrations and more real estate news updates

• NVIDIA leases office space at Memphis South Tower, Bagmane Capital, Bengaluru for ₹1230 crs over 10 years
• The 7.6 lakh sq ft chargeable area is leased at monthly rent of ₹8.59 crs translating into ₹113 per sq ft per month
• The lease commenced in April 2026 with 15 percent rent escalation every three years and deposit of ₹34.35 crs
• NVIDIA Graphics India has leased 12 floors in the tower marking one of Bengaluru’s largest single-tenant office deals

5. ICICI Pru Alternatives buys RMZ office assets for ₹2,600 crs

• ICICI Prudential Alternatives acquires RMZ office assets in Bengaluru and Pune for ₹2600 crs
• The portfolio spans 12.97 lakh sq ft across RMZ EcoWorld 21 in Bengaluru and RMZ Edge in Pune
• The Bengaluru asset comprises 6.75 lakh sq ft while the Pune development spans 6.22 lakh sq ft
• The acquisition marks continued institutional interest in income-generating Grade A commercial office assets

6. L&T Realty acquires 20-acre land parcel in Gurugram

• L&T Realty acquires 20-acre land parcel in Gurugram for residential development
• The land parcel is located in Sector 68 near Southern Peripheral Road within a key residential micro-market
• The proposed development will feature premium housing with estimated development potential of over 3 mn sq ft
• The acquisition strengthens L&T Realty’s expansion strategy across high-demand NCR residential markets

7. Office rentals in Bengaluru and Delhi cross ₹100 per sq ft monthly

• Average office rentals crossed ₹100 per sq ft per month in Bengaluru and Delhi-NCR during Jan-March 2026
• Bengaluru office rentals increased 17 percent YoY reaching ₹102 per sq ft monthly across premium office markets
• Delhi-NCR recorded 15 percent annual rental growth with average office rentals touching ₹100 per sq ft monthly
• Rental growth was driven by strong demand for premium Grade A office spaces across key micro-markets

8. Mahindra Lifespace reports strong FY26 pre-sales growth

• Mahindra Lifespace Developers reports FY26 pre-sales of ₹3405 crs marking 21 percent growth from ₹2804 crs
• Residential collections increased to ₹2107 crs during FY26 compared to ₹1831 crs in previous fiscal
• Q4FY26 consolidated net profit rose 6 percent to ₹90 crs while total income increased to ₹723 crs
• Strong housing demand and project launches supported overall sales momentum during FY26

9. ED attaches Raheja Developers assets worth ₹1,110 crs

• Enforcement Directorate attaches assets worth over ₹1110 crs linked to Raheja Developers under money laundering investigation
• The attached assets include land parcels, commercial spaces, residential units and bank balances across multiple locations
• The action was taken under provisions of the Prevention of Money Laundering Act following investigation into alleged fund diversion
• The case relates to alleged cheating of homebuyers and financial irregularities involving group entities and project funds

10. Concorde leases 1.4 lakh sq ft office space to BHIVE in Bengaluru

• Concorde leases Grade A office space at Concorde Econex, Bengaluru to BHIVE Workspaces under long-term agreement
• The 1.4 lakh sq ft commercial space has total lease rent of ₹240 crs over the agreement period
• The lease spans 15 years across ground plus four floors within the Whitefield micro-market
• The facility will add over 3000 seats to BHIVE’s Bengaluru workspace portfolio

Conclusion

Commercial leasing and institutional investments continued to dominate real estate activity with major office transactions across Bengaluru, Pune and Mumbai. Alongside strong corporate expansion, residential registrations, land acquisitions and developer performance reflected sustained momentum across key property markets.