{"id":1805,"date":"2026-02-23T15:59:02","date_gmt":"2026-02-23T10:29:02","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=1805"},"modified":"2026-02-23T15:59:02","modified_gmt":"2026-02-23T10:29:02","slug":"actor-arbaaz-khan-tejasswi-buys-sony-lease-fraud-crackdown","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=1805","title":{"rendered":"Actor Arbaaz Khan &#038; Tejasswi buys, Sony lease &#038; fraud crackdown"},"content":{"rendered":"<div>\n<p data-start=\"364\" data-end=\"497\">Arbaaz Khan, Tejasswi, Rajan Shahi homebuys, Sony lease, Lavasa bid, Jaypee fraud case &amp; Gurugram Global City tower shape real estate.<\/p>\n<h3 data-start=\"404\" data-end=\"467\">1. Arbaaz Khan buys \u20b92 cr apartment in Mumbai\u2019s Jogeshwari<\/h3>\n<ul data-start=\"468\" data-end=\"980\">\n<li data-start=\"468\" data-end=\"641\">\n<p data-start=\"470\" data-end=\"641\">Actor <strong data-start=\"476\" data-end=\"517\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Arbaaz Khan<\/span><\/span><\/strong> purchased an under-construction apartment for \u20b92 crore on the 27th floor of Autograph Residency on Link Road, Jogeshwari.<\/p>\n<\/li>\n<li data-start=\"642\" data-end=\"763\">\n<p data-start=\"644\" data-end=\"763\">The project is being developed by <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Mutistar Builders LLP<\/span><\/span>, with possession scheduled for December 2030.<\/p>\n<\/li>\n<li data-start=\"764\" data-end=\"864\">\n<p data-start=\"766\" data-end=\"864\">The apartment has a RERA carpet area of 1,243 sq ft and comes with two dedicated parking spaces.<\/p>\n<\/li>\n<li data-start=\"865\" data-end=\"980\">\n<p data-start=\"867\" data-end=\"980\">The deal was closed at a price of over \u20b922,000 per sq ft, reflecting strong demand in Mumbai\u2019s western suburbs.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"987\" data-end=\"1039\">2. Tejasswi Prakash buys \u20b97 cr Bandra apartment<\/h3>\n<ul data-start=\"1040\" data-end=\"1513\">\n<li data-start=\"1040\" data-end=\"1205\">\n<p data-start=\"1042\" data-end=\"1205\">Television actor <strong data-start=\"1059\" data-end=\"1100\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Tejasswi Prakash<\/span><\/span><\/strong> purchased a \u20b97 crore apartment in Bay Heights, located in the premium Bandra Reclamation micro-market.<\/p>\n<\/li>\n<li data-start=\"1206\" data-end=\"1322\">\n<p data-start=\"1208\" data-end=\"1322\">The apartment is on the 14th floor and offers over 1,303 sq ft of carpet area along with two car-parking spaces.<\/p>\n<\/li>\n<li data-start=\"1323\" data-end=\"1423\">\n<p data-start=\"1325\" data-end=\"1423\">The project is being developed by <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Hiranandani Developers<\/span><\/span> in Mumbai\u2019s Bandra area.<\/p>\n<\/li>\n<li data-start=\"1424\" data-end=\"1513\">\n<p data-start=\"1426\" data-end=\"1513\">The building remains under construction, with possession scheduled for November 2030.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"1520\" data-end=\"1576\">3. Rajan Shahi buys \u20b913 cr penthouse in Madh Island<\/h3>\n<ul data-start=\"1577\" data-end=\"2086\">\n<li data-start=\"1577\" data-end=\"1715\">\n<p data-start=\"1579\" data-end=\"1715\">TV producer <strong data-start=\"1591\" data-end=\"1632\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Rajan Shahi<\/span><\/span><\/strong> purchased a 5BHK penthouse in Raheja Exotica Cyprus, Madh Island, for \u20b913 crore.<\/p>\n<\/li>\n<li data-start=\"1716\" data-end=\"1832\">\n<p data-start=\"1718\" data-end=\"1832\">The penthouse offers 3,248 sq ft of RERA carpet area plus a deck exceeding 400 sq ft, located on the 35th floor.<\/p>\n<\/li>\n<li data-start=\"1833\" data-end=\"1947\">\n<p data-start=\"1835\" data-end=\"1947\">The transaction was closed at over \u20b937,000 per sq ft, highlighting luxury demand in Mumbai\u2019s island locations.<\/p>\n<\/li>\n<li data-start=\"1948\" data-end=\"2086\">\n<p data-start=\"1950\" data-end=\"2086\">Singer <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Jubin Nautiyal<\/span><\/span> and actor <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sanjay Mishra<\/span><\/span> also own apartments in the same building.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2093\" data-end=\"2157\">4. Sony Pictures leases 73,000 sq ft office space in Mumbai<\/h3>\n<ul data-start=\"2158\" data-end=\"2713\">\n<li data-start=\"2158\" data-end=\"2330\">\n<p data-start=\"2160\" data-end=\"2330\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Sony Pictures<\/span><\/span> leased 73,000 sq ft of office space at Commerz III on Western Express Highway, developed by <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Oberoi Realty<\/span><\/span>.<\/p>\n<\/li>\n<li data-start=\"2331\" data-end=\"2440\">\n<p data-start=\"2333\" data-end=\"2440\">The lease spans five years, covering ~31,000 sq ft on the 19th floor and ~42,000 sq ft on the 20th floor.<\/p>\n<\/li>\n<li data-start=\"2441\" data-end=\"2558\">\n<p data-start=\"2443\" data-end=\"2558\">The rent starts at \u20b92.27 crore per month for the first 36 months and rises to \u20b92.61 crore for the next 24 months.<\/p>\n<\/li>\n<li data-start=\"2559\" data-end=\"2713\">\n<p data-start=\"2561\" data-end=\"2713\">Earlier in January 2026, <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Morgan Stanley<\/span><\/span> leased ~1 million sq ft in the same building at a starting rent of \u20b915 crore per month.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2720\" data-end=\"2776\">5. Jaypee case: Manoj Gaur surrenders in Tihar Jail<\/h3>\n<ul data-start=\"2777\" data-end=\"3311\">\n<li data-start=\"2777\" data-end=\"2947\">\n<p data-start=\"2779\" data-end=\"2947\">Former <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Jaypee Infratech<\/span><\/span> MD <strong data-start=\"2829\" data-end=\"2872\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Manoj Gaur<\/span><\/span><\/strong> surrendered in Tihar Jail after his bail was denied on February 17 2026.<\/p>\n<\/li>\n<li data-start=\"2948\" data-end=\"3057\">\n<p data-start=\"2950\" data-end=\"3057\">The ED arrested him on November 13 2025 in connection with an alleged \u20b914,599 crore homebuyer fraud case.<\/p>\n<\/li>\n<li data-start=\"3058\" data-end=\"3182\">\n<p data-start=\"3060\" data-end=\"3182\">Investigators alleged that funds collected from thousands of buyers were diverted, leaving multiple projects incomplete.<\/p>\n<\/li>\n<li data-start=\"3183\" data-end=\"3311\">\n<p data-start=\"3185\" data-end=\"3311\">Over \u20b933,000 crore had been collected by Jaypee Infratech and Jaiprakash Associates for projects in Noida and Greater Noida.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"3318\" data-end=\"3370\">6. Creditors back Welspun-Ashdan bid for Lavasa<\/h3>\n<ul data-start=\"3371\" data-end=\"3853\">\n<li data-start=\"3371\" data-end=\"3497\">\n<p data-start=\"3373\" data-end=\"3497\">Creditors approved the <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Welspun Group<\/span><\/span>\u2013Ashdan consortium\u2019s bid to acquire Lavasa with a 92 % vote.<\/p>\n<\/li>\n<li data-start=\"3498\" data-end=\"3611\">\n<p data-start=\"3500\" data-end=\"3611\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Lavasa<\/span><\/span> has been under insolvency since 2018 after debt crossed \u20b96,642 crore.<\/p>\n<\/li>\n<li data-start=\"3612\" data-end=\"3731\">\n<p data-start=\"3614\" data-end=\"3731\">Rival bidder <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Valor Estate<\/span><\/span> challenged the result at the NCLT, citing procedural concerns.<\/p>\n<\/li>\n<li data-start=\"3732\" data-end=\"3853\">\n<p data-start=\"3734\" data-end=\"3853\">Welspun-Ashdan offered \u20b965 crore upfront cash with stronger institutional backing, while Valor proposed a higher NPV.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"3860\" data-end=\"3918\">7. Mortgage Technology leases 1.93 lakh sq ft in Pune<\/h3>\n<ul data-start=\"3919\" data-end=\"4379\">\n<li data-start=\"3919\" data-end=\"4057\">\n<p data-start=\"3921\" data-end=\"4057\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">ICE Mortgage Technology<\/span><\/span> leased 1.93 lakh sq ft office space in Magarpatta Cybercity, Pune, for ~\u20b9217 crore total rent.<\/p>\n<\/li>\n<li data-start=\"4058\" data-end=\"4177\">\n<p data-start=\"4060\" data-end=\"4177\">The lease covers 1.54 lakh sq ft carpet area across the underground floor, lower ground and levels 1\u20137 of Tower S3.<\/p>\n<\/li>\n<li data-start=\"4178\" data-end=\"4264\">\n<p data-start=\"4180\" data-end=\"4264\">The starting monthly rent is \u20b91.73 crore with a 15 % escalation every three years.<\/p>\n<\/li>\n<li data-start=\"4265\" data-end=\"4379\">\n<p data-start=\"4267\" data-end=\"4379\">The space was leased from <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Axis Max Life Insurance<\/span><\/span>, signalling continued GCC expansion in Pune.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"4386\" data-end=\"4443\">8. Rustomjee bags \u20b91,775 cr redevelopment in Andheri<\/h3>\n<ul data-start=\"4444\" data-end=\"4891\">\n<li data-start=\"4444\" data-end=\"4585\">\n<p data-start=\"4446\" data-end=\"4585\"><span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Rustomjee Group<\/span><\/span> secured a major redevelopment project in Mumbai\u2019s Andheri with revenue potential of \u20b91,775 crore.<\/p>\n<\/li>\n<li data-start=\"4586\" data-end=\"4690\">\n<p data-start=\"4588\" data-end=\"4690\">The project will unlock ~5 lakh sq ft of free-sale RERA carpet area on a 20,569.90 sq m land parcel.<\/p>\n<\/li>\n<li data-start=\"4691\" data-end=\"4803\">\n<p data-start=\"4693\" data-end=\"4803\">It involves redevelopment of eight housing societies under Om Nagar Co-operative Housing Society Federation.<\/p>\n<\/li>\n<li data-start=\"4804\" data-end=\"4891\">\n<p data-start=\"4806\" data-end=\"4891\">The plan will rehabilitate 637 existing society members across all eight societies.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"4898\" data-end=\"4956\">9. Haryana plans India\u2019s tallest tower in Global City<\/h3>\n<ul data-start=\"4957\" data-end=\"5406\">\n<li data-start=\"4957\" data-end=\"5091\">\n<p data-start=\"4959\" data-end=\"5091\">Haryana proposed India\u2019s tallest building as part of the 1,000-acre Global City project along the Dwarka Expressway near Gurugram.<\/p>\n<\/li>\n<li data-start=\"5092\" data-end=\"5199\">\n<p data-start=\"5094\" data-end=\"5199\">The mixed-use tower will integrate premium offices, global headquarters, hospitality and public spaces.<\/p>\n<\/li>\n<li data-start=\"5200\" data-end=\"5282\">\n<p data-start=\"5202\" data-end=\"5282\">The project is currently at proposal and RFP stage, with bidding yet to begin.<\/p>\n<\/li>\n<li data-start=\"5283\" data-end=\"5406\">\n<p data-start=\"5285\" data-end=\"5406\">Officials aim to create a skyline rivaling cities such as Singapore and Dubai, positioning Global City internationally.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"5413\" data-end=\"5473\">10. ED attaches \u20b982 cr assets in Gurugram project fraud<\/h3>\n<ul data-start=\"5474\" data-end=\"5957\">\n<li data-start=\"5474\" data-end=\"5582\">\n<p data-start=\"5476\" data-end=\"5582\">The ED attached \u20b982 crore worth of assets linked to <span class=\"hover:entity-accent entity-underline inline cursor-pointer align-baseline\"><span class=\"whitespace-normal\">Ansal Housing<\/span><\/span> in Gurugram.<\/p>\n<\/li>\n<li data-start=\"5583\" data-end=\"5708\">\n<p data-start=\"5585\" data-end=\"5708\">The action relates to Ansal Hub-83, a 2.47-acre commercial project in Sector 83 with shops, offices and restaurant units.<\/p>\n<\/li>\n<li data-start=\"5709\" data-end=\"5855\">\n<p data-start=\"5711\" data-end=\"5855\">Authorities alleged the developer launched and sold units without valid approvals and continued collecting funds after licence expiry in 2015.<\/p>\n<\/li>\n<li data-start=\"5856\" data-end=\"5957\">\n<p data-start=\"5858\" data-end=\"5957\">The case originated from an FIR by Haryana Police against promoters and officials of the company.<\/p>\n<\/li>\n<\/ul>\n<\/div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<div>\n<h2 data-start=\"3500\" data-end=\"3517\"><strong data-start=\"3503\" data-end=\"3517\">Conclusion<\/strong><\/h2>\n<p data-start=\"3519\" data-end=\"4275\">This week\u2019s real estate developments highlighted the simultaneous momentum in celebrity-led housing demand, institutional leasing and regulatory enforcement. High-profile home purchases by Arbaaz Khan, Tejasswi Prakash and Rajan Shahi reinforced Mumbai\u2019s continued appeal for premium residences, while large office leases by Sony Pictures and Mortgage Technology underscored sustained corporate expansion in India\u2019s key commercial hubs. At the same time, insolvency and fraud actions from the Jaypee case and Lavasa resolution to Gurugram attachments, reflected ongoing sector clean-up. Meanwhile, ambitious plans like Haryana\u2019s Global City tower and major redevelopment wins signalled long-term urban growth confidence across India\u2019s real estate landscape.<\/p>\n<\/div>\n<article class=\"article\">\n<div id=\"post-1791\" class=\"post post-1791 type-post status-publish format-standard has-post-thumbnail hentry category-weeklynewstracker\">\n<div class=\"single_post\">\n<div id=\"content\" class=\"post-single-content box mark-links\">\n<hr data-start=\"4398\" data-end=\"4401\" \/>\n<p>Visit\u00a0<a href=\"https:\/\/simplease.in\/\">Simplease<\/a>\u00a0for 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 \u2013<\/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\" \/>\u2013\u00a0<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\" \/>\u00a0\u2013\u00a0<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\" \/>\u00a0\u2013\u00a0<a href=\"https:\/\/youtube.com\/@simplease765?si=lUOIIm3mKTcWmDX5\">Simplease<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arbaaz Khan, Tejasswi, Rajan Shahi homebuys, Sony lease, Lavasa bid, Jaypee fraud case &amp; Gurugram Global City tower shape real estate. 1. Arbaaz Khan buys \u20b92 cr apartment in Mumbai\u2019s Jogeshwari Actor Arbaaz Khan purchased an under-construction apartment for \u20b92 crore on the 27th floor of Autograph Residency on Link Road, Jogeshwari. The project is [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1806,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-1805","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>Actor Arbaaz Khan &amp; Tejasswi buys, Sony lease &amp; fraud crackdown<\/title>\n<meta name=\"description\" content=\"Arbaaz Khan, Tejasswi, Rajan Shahi homebuys, Sony lease, Lavasa bid, Jaypee fraud case &amp; Gurugram Global City tower shape real estate.\" \/>\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=1805\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Actor Arbaaz Khan &amp; 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