{"id":1460,"date":"2025-08-11T17:11:25","date_gmt":"2025-08-11T11:41:25","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=1460"},"modified":"2025-09-10T12:11:08","modified_gmt":"2025-09-10T06:41:08","slug":"real-estate-news-akshay-kumar-sells-asha-bhosles-pune-deal-major-moves-2","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=1460","title":{"rendered":"Akshay Kumar sells, Asha Bhosle&#8217;s Pune deal &#038; major moves"},"content":{"rendered":"<article class=\"text-token-text-primary w-full focus:outline-none scroll-mt-(--header-height)\" dir=\"auto\" tabindex=\"-1\" data-testid=\"conversation-turn-1\" data-scroll-anchor=\"false\" data-turn=\"user\">\n<div class=\"text-base my-auto mx-auto pt-3 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"user\" data-message-id=\"c285925d-c88f-44d5-a88f-b793153704f4\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden items-end rtl:items-start\">\n<div class=\"user-message-bubble-color relative max-w-[var(--user-chat-width,70%)] rounded-[18px] px-4 py-1.5 data-[multiline]:py-3\">August kicks off with blockbuster real estate moves , from Akshay Kumar\u2019s big sales and Asha Bhosle\u2019s Pune exit to major REIT approvals.<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<h3><strong>1. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Akshay Kumar sells two apartments in Mumbai\u2019s Borivali for \u20b97 cr, earning over 90% ROI<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The two apartments are in a building called Oberoi Sky City, constructed by the listed real estate developer Oberoi Realty<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Akshay Kumar purchased the two apartments in 2017 for \u20b93 cr<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">1,101 sq. ft apartment with 2 car parks sold for \u20b95 cr; 252 sq. ft studio unit sold for \u20b91 cr<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Bollywood actor Akshay Kumar has sold at least eight property units in the past seven months, totalling approximately \u20b9110 cr<\/span><\/li>\n<\/ul>\n<h3><strong>2. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Asha Bhosle\u2019s son Anand, sell a luxury apartment for \u20b96 cr in Pune<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The apartment is located in a building called Panchshil One North near Magarpatta City in Pune<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The apartment spanning 3,401 sq ft on the 19th floor was sold to two individuals based in Pune, named Prerna &amp; Sangram Gaikwad<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The apartment was initially purchased in February 2013 for \u20b94 cr, earning a return on investment of around 42%<\/span><\/li>\n<\/ul>\n<h3><strong>3. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Angel One founder\u2019s son sells luxury apartment in Mumbai suburb for \u20b952 cr<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Vinay Thakkar, son of Angel One founder Dinesh Thakkar had purchased the apartment on the 25th floor in March 2023 for \u20b928 cr<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The transaction earned him an 86.7% return in just over two years, with the carpet area priced at approximately \u20b91.4 lakh per sq ft<\/span><\/li>\n<li>The Andheri West Atlantis apartment offers 3,891 sq ft RERA carpet area, 409 sq ft balcony, and 4 parking spaces.<\/li>\n<\/ul>\n<h3><strong>4. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">BlackRock in talks with developers for 1 mn sq ft office space in NCR<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The company is in talks with Bharti Real Estate and DLF <\/span><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">for their upcoming projects \u2018Worldmark\u2019 and \u2018Downtown\u2019 respectively<\/span><\/li>\n<li>DLF has pre-leased most of the 11 million sq ft space in its upcoming \u2018Downtown\u2019 commercial complex.<\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Bharti\u2019s upcoming development at Delhi Aerocity has a total development potential of 17 mn sq ft with 5 mn sq ft of retail<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">It will not be a built-to-suit property, but both developers are ready to dedicate the entire tower as per the requirement<\/span><\/li>\n<\/ul>\n<h3><strong>5. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Mumbai-based Yogayatan Group raises bid for Lavasa, emerges as top bidder<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Yogayatan Group has emerged as the highest bidder for the debt-laden Lavasa, increasing its bid to \u20b9795 cr from \u20b9725 cr previosuly<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">This surpasses Valor Estates&#8217; previous offer of \u20b9771 cr, although Valor has expressed interest in upping its bid<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">DB Realty, did not increase its bid in the latest round &amp; the third bidder in the fray, Welspun Group increased its bid to \u20b9785 cr<\/span><\/li>\n<\/ul>\n<h3><strong>6. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Knowledge Realty Trust gets SEBI nod for \u20b94,800 cr REIT IPO<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">KRT will become India\u2019s largest REIT by gross asset value, with \u20b962,000 cr worth of 46 mn sq ft office assets across major citeS<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">With 80% ownership retained by sponsors, KRT plans a brand-neutral strategy and future growth through third-party acquisitions<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">KRT is backed by real estate major Sattva Group and global investment firm Blackstone<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Prior to the SEBI nod, KRT had already raised \u20b91,400 cr from anchor investors<\/span><\/li>\n<\/ul>\n<h3><strong>7. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">ATS Infrastructure repays \u20b9190 cr to SWAMIH fund post-completion of Gurugram housing project<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The company has repaid \u20b9133 crore investment made from the SWAMIH Investment Fund I for its residential project \u2019ATS Marigold\u2019, located on the Dwarka Expressway in Gurugram<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The project had faced construction delays due to the NBFC crisis in 2018 and disruptions during the COVID-19 pandemic<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Following the success of the first fund, the government in this year\u2019s Budget announced a fresh \u20b915,000 cr \u2019SWAMIH Fund\u2019 for completion of 1 lakh units in stalled housing projects across various cities<\/span><\/li>\n<\/ul>\n<h3><strong>8. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Lodha Developers to launch \u20b917,000 cr worth more housing projects by March next year<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The target is of selling \u20b921,000 cr worth of properties in the current fiscal year, a 19% increase from the preceding year<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The company has already launched \u20b98,000 cr worth of housing projects in the first quarter<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">At the beginning of FY2026, the estimated launch is of \u20b918,000 cr worth projects but with an acquisition of 5 land parcels in Apr-June quarter, Lodha expects launches of \u20b925,000 cr for the entire 2025-26<\/span><\/li>\n<\/ul>\n<h3><strong>9. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Incuspaze leases 3 lakh sq ft of Grade A office space in Jaipur<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Incuspaze has leased the office space in three locations in Jaipur as a part of its Tier 2 expansion plan<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">The office spaces are located at The Edge on Tonk Road, Sitapura Campus in Sitapur, and GT Landmark in Malviya Nagar<\/span><\/li>\n<li>The move targets Jaipur\u2019s rising demand from GCCs, startups, and corporates for agile, cost-effective workspaces beyond metros.<\/li>\n<\/ul>\n<h3><strong>10. <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">MahaRERA lists 1,244 projects \u2018under abeyance\u2019 in Pune district<\/span><\/strong><\/h3>\n<ul>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">MahaRERA has listed 4,904 real estate projects under abeyance across Maharashtra with Pune topping the list with 1,244 projects, followed by Thane (548), Raigad (473), Mumbai suburban (441)<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">A project is kept under \u2018under abeyance\u2019 if they have not received completion certificates or applied for deadline extensions<\/span><\/li>\n<li><span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">Once under abeyance, the project<\/span> <span class=\"OYPEnA font-feature-liga-off font-feature-clig-off font-feature-calt-off text-decoration-none text-strikethrough-none\">cannot entertain fresh bookings and sales and their project bank accounts are frozen<\/span><\/li>\n<\/ul>\n<article class=\"text-token-text-primary w-full focus:outline-none scroll-mt-(--header-height)\" dir=\"auto\" tabindex=\"-1\" data-testid=\"conversation-turn-3\" data-scroll-anchor=\"false\" data-turn=\"user\">\n<div class=\"text-base my-auto mx-auto pt-12 [--thread-content-margin:--spacing(4)] @[37rem]:[--thread-content-margin:--spacing(6)] @[72rem]:[--thread-content-margin:--spacing(16)] px-(--thread-content-margin)\">\n<div class=\"[--thread-content-max-width:32rem] @[34rem]:[--thread-content-max-width:40rem] @[64rem]:[--thread-content-max-width:48rem] mx-auto max-w-(--thread-content-max-width) flex-1 group\/turn-messages focus-visible:outline-hidden relative flex w-full min-w-0 flex-col\" tabindex=\"-1\">\n<div class=\"flex max-w-full flex-col grow\">\n<div class=\"min-h-8 text-message relative flex w-full flex-col items-end gap-2 text-start break-words whitespace-normal [.text-message+&amp;]:mt-5\" dir=\"auto\" data-message-author-role=\"user\" data-message-id=\"95df79ec-a880-41d7-9a04-f001651ffee8\">\n<div class=\"flex w-full flex-col gap-1 empty:hidden items-end rtl:items-start\">\n<div class=\"user-message-bubble-color relative max-w-[var(--user-chat-width,70%)] rounded-[18px] px-4 py-1.5 data-[multiline]:py-3\">\n<h2 class=\"whitespace-pre-wrap\">Conclusion<\/h2>\n<p class=\"whitespace-pre-wrap\"><span style=\"font-size: 16px;\">Whether it\u2019s mega REIT listings, celebrity exits, or infrastructure funding, Indian real estate continues to grow in complexity and opportunity. Stay tuned for more weekly updates to keep your real estate IQ ahead of the curve.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<hr \/>\n<p>Visit <a href=\"https:\/\/simplease.in\/\">Simplease<\/a> for property management services.<\/p>\n<p>Speak with our experts at +91\u201184 48 802 803<\/p>\n<p>Email us at info@simplease.in<\/p>\n<p>Follow us for more insights on real estate &#8211;<\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/ichef.bbci.co.uk\/ace\/standard\/976\/cpsprodpb\/E802\/production\/_89649395_instagram_logo_976.jpg\" alt=\"Instagram launches a new logo - a 'simpler camera' - BBC News\" width=\"25\" height=\"14\" \/>&#8211; <a href=\"https:\/\/www.instagram.com\/simplease_in?igsh=MWkxZDgzdXM0a25vZw==\">simplease_in<\/a><\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/thumb\/8\/81\/LinkedIn_icon.svg\/1024px-LinkedIn_icon.svg.png\" alt=\"File:LinkedIn icon.svg - Wikimedia Commons\" width=\"14\" height=\"14\" \/> &#8211; <a href=\"https:\/\/www.linkedin.com\/company\/simplease-india\/?viewAsMember=true\">simplease<\/a><\/p>\n<p><img decoding=\"async\" class=\"\" src=\"https:\/\/upload.wikimedia.org\/wikipedia\/commons\/e\/ef\/Youtube_logo.png\" alt=\"File:Youtube logo.png - Wikimedia Commons\" width=\"17\" height=\"12\" \/> &#8211; <a href=\"https:\/\/youtube.com\/@simplease765?si=lUOIIm3mKTcWmDX5\">Simplease<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August kicks off with blockbuster real estate moves , from Akshay Kumar\u2019s big sales and Asha Bhosle\u2019s Pune exit to major REIT approvals. 1. Akshay Kumar sells two apartments in Mumbai\u2019s Borivali for \u20b97 cr, earning over 90% ROI The two apartments are in a building called Oberoi Sky City, constructed by the listed real [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-1460","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weeklynewstracker"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Akshay Kumar sells, Asha Bhosle&#039;s Pune deal &amp; major moves<\/title>\n<meta name=\"description\" content=\"August kicks off with blockbuster real estate moves , from Akshay Kumar\u2019s big sales and Asha Bhosle\u2019s Pune exit to major REIT approvals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=1460\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Akshay Kumar sells, Asha Bhosle&#039;s Pune deal &amp; 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