BA Continuum Acquires Large Powai Office In Mumbai
Bollywood Actor Tusshar Kapoor Family Exits Chandivali Office Asset in Rs 559 Cr Deal
A high-value commercial real estate transaction involving Bollywood actors Tusshar Kapoor and veteran star Jeetendra has underscored the growing depth of Mumbai’s mid-city office market. The family has divested a large commercial asset in Chandivali for Rs 559.25 crore, according to property registration records filed with Maharashtra authorities earlier this month.
The transaction involves office premises located within Balaji IT Park, a prominent commercial complex in Chandivali, central Mumbai. The asset was held through privately owned development companies linked to Tusshar Kapoor and Jeetendra, a structure commonly used for long-term real estate holdings and asset management. The deal covers a built-up area exceeding 30,000 square metres, placing it among the larger office sales recorded in this micro-market. Real estate analysts say the transaction reflects a broader pattern of high-net-worth individuals and legacy asset holders monetising mature commercial properties amid sustained investor interest in income-generating office stock. Unlike speculative land plays, such assets typically attract institutional buyers seeking stable rental yields and long-term capital preservation.
Chandivali’s appeal as a commercial destination has strengthened steadily over the past decade. Located between Powai, Andheri East and Saki Naka, the area has evolved into a dense employment zone supported by improving transport connectivity and proximity to multiple business districts. Infrastructure upgrades have played a central role in this transformation. The locality benefits from arterial road access through the Jogeshwari–Vikhroli Link Road, LBS Marg and the Eastern Express Highway. Operational metro connectivity, along with planned rail and metro expansions, has further enhanced last-mile access. Urban planners note that such multi-modal connectivity reduces pressure on traditional office hubs while supporting more decentralised job clusters across Mumbai.
Another key driver is Chandivali’s proximity to Chhatrapati Shivaji Maharaj International Airport, making it attractive for corporates with regional and global operations. The area also sits within commuting distance of established employment nodes such as Powai’s technology parks, MIDC, SEEPZ, Bandra-Kurla Complex and Lower Parel, sustaining long-term demand for office space. Market data indicates that Balaji IT Park itself has witnessed multiple large transactions in recent years, including a significant sale in 2025, reinforcing its position as a stable commercial asset. Analysts suggest that such activity reflects confidence in well-leased, infrastructure-backed office developments despite shifting workplace trends.
As Mumbai’s commercial real estate market continues to recalibrate around connectivity, sustainability and workforce accessibility, transactions involving prominent owners such as Tusshar Kapoor and Jeetendra highlight how established assets in emerging business corridors are being repositioned within the city’s evolving urban economy.
Bollywood Actor Tusshar Kapoor Family Exits Chandivali Office Asset in Rs 559 Cr Deal
Olive Group Targets Navi Mumbai Airport Growth Zone
As large-scale transport infrastructure begins reshaping development patterns across the Mumbai Metropolitan Region, Olive Group has outlined a renewed development strategy centred on the Navi Mumbai International Airport influence zone. The southern India-based developer is focusing its next phase of growth on the NAINA planning area, where coordinated public investment and regulatory clarity are unlocking a new urban expansion corridor.
Urban economists tracking the region say the airport-led belt marks a structural shift in how Mumbai is expected to grow. Unlike legacy suburban expansion driven by incremental approvals, the NAINA framework introduces town planning schemes that predefine land use, road networks, utilities and density sequencing. This approach is intended to reduce congestion, improve service delivery and support more predictable urban growth. Olive Group’s re-entry into MMR comes after several years of consolidation in southern markets, where it developed residential and hospitality assets across Kerala, Tamil Nadu and Karnataka. Industry observers view the company’s return as part of a wider trend of developers repositioning capital towards infrastructure-aligned zones rather than land-scarce inner-city markets.
The upcoming Navi Mumbai International Airport is expected to act as a long-term economic anchor for the corridor. Once operational in phases, the airport will be supported by metro rail extensions, expressways, arterial road upgrades and logistics infrastructure, creating what planners describe as a multi-nodal urban ecosystem rather than a commuter suburb. Experts note that airport influence zones often reshape housing demand by shortening commute distances to employment clusters such as IT parks, logistics hubs and commercial precincts planned around aviation infrastructure. In the case of Navi Mumbai, this could ease pressure on Mumbai’s congested core while enabling more balanced job-housing ratios.
Olive Group’s stated development pipeline in the corridor includes residential-led projects planned to be rolled out in stages over the next few years. According to market analysts, the company’s approach reflects a growing preference among developers to synchronise launches with infrastructure readiness rather than pursuing rapid absorption cycles. Urban planners caution, however, that the success of the NAINA region will depend on execution quality. Integrating public transport access, climate-resilient infrastructure, open spaces and affordable housing will be critical to ensuring that growth does not replicate the environmental and mobility challenges seen in earlier expansion zones.
As Navi Mumbai transitions from a planned city to a regional economic hub, the airport corridor is emerging as a litmus test for whether India’s next-generation urban districts can align infrastructure investment, private development and long-term liveability within a single planning cycle.
Olive Group Targets Navi Mumbai Airport Growth Zone
Hiranandani Group Showcases Thane’s Upcoming Mobility Network
The Hiranandani Group has unveiled an AI-led infrastructure visualisation that outlines how a series of upcoming transport projects could reshape connectivity across Thane and its surrounding urban regions. The initiative uses artificial intelligence to map future metro lines, road tunnels, expressways and airport-linked corridors that are expected to become operational over the next few years.
The visual presentation draws on publicly available, government-approved infrastructure data to illustrate how travel patterns from Thane may evolve as new links come online. Rather than focusing on lifestyle imagery, the film overlays proposed routes, phased timelines and projected traffic flows to demonstrate potential reductions in travel time and congestion. Thane has long been viewed as a critical residential and employment node within the Mumbai Metropolitan Region, but its growth has often been constrained by limited access points. Urban planners note that the convergence of multiple transport corridors — including new metro routes, cross-city road tunnels and airport connectivity projects — could significantly alter this dynamic by distributing commuter traffic across several modes instead of relying on a few saturated routes.
According to industry observers, the AI-based approach reflects a broader shift in how large developers are engaging with infrastructure-led urban growth. Homebuyers and investors are increasingly factoring commute reliability and long-term accessibility into their decisions, particularly in expanding metropolitan regions such as Mumbai. The visualisation centres on infrastructure projects planned around Thane, including metro extensions linking eastern and western suburbs, high-capacity road tunnels connecting key employment zones, and elevated corridors providing faster access to the upcoming Navi Mumbai International Airport. Together, these projects align with national and regional priorities focused on integrated, multi-modal transport networks and decentralised urban development.
Urban policy experts say such connectivity upgrades could have implications beyond shorter commutes. Improved access to jobs, education, healthcare and commercial districts may support more balanced growth, reduce pressure on Mumbai’s core areas and encourage transit-oriented development in peripheral cities like Thane. The Hiranandani Group stated that the intent behind the visualisation is to help residents and prospective buyers better understand how future infrastructure may influence daily mobility and liveability. As large-scale transport investments progress across the region, similar data-driven tools are expected to play a growing role in how cities communicate change and how citizens plan their urban futures.
Hiranandani Group Showcases Thane’s Upcoming Mobility Network
MahaRERA Clears Garden of Eden Township in Sindhudurg
Yugen Infra has secured MahaRERA registration for its latest residential plotted development, Garden of Eden, in Sindhudurg, marking a significant milestone for the company’s township expansion plans. The project, forming Phase 2 of Yugen Golf City, entails an estimated investment of ₹350 crore, entirely funded by the developer, highlighting a strong commitment to infrastructure-led, self-sustained township growth in the North Goa-Sindhudurg corridor.
Situated in Village Banda, Taluka Sawantwadi, Garden of Eden spans approximately 180,000 square metres and comprises 278 residential plots designed for independent villas and holiday homes. Urban planners note that such low-density plotted developments cater to growing demand for second homes, senior living, and land-banking opportunities while ensuring environmental and infrastructural balance. The project’s location, close to the MOPA influence corridor, positions it strategically for long-term residential and investment potential. The development has been designed with a robust internal infrastructure framework, incorporating planned internal roads, boundary walls, water supply networks, electricity provision, stormwater management, and underground drainage systems. Green buffers and open spaces have been integrated into the layout, reflecting an approach aligned with sustainable township planning. Industry experts highlight that such infrastructure-first strategies can enhance resilience, reduce environmental impact, and improve liveability in emerging urban areas.
Financial safeguards mandated under RERA have been fully implemented, including an escrow arrangement where 70% of customer receipts are earmarked for construction and land-related expenditures. Analysts point out that adherence to such regulatory frameworks not only protects homebuyers but also ensures disciplined project execution, reinforcing market confidence in planned township developments. All compulsory disclosures, approvals, and layouts are duly registered on the MahaRERA portal, promoting transparency and compliance with statutory requirements. Senior real estate officials note that Garden of Eden exemplifies a shift in regional development, with private developers taking the lead in creating well-planned, self-contained communities in emerging districts. The project aligns with broader urbanisation trends in Sindhudurg, which is witnessing increased interest in residential and leisure real estate due to connectivity improvements, coastal proximity, and lifestyle-oriented township planning.
Looking forward, Yugen Infra’s MahaRERA registration for Garden of Eden paves the way for structured development timelines, legal clarity for buyers, and potential expansion of the Yugen Golf City township. Urban affairs specialists emphasise that such developments, when integrated with sustainable infrastructure and regulatory adherence, can set benchmarks for responsible growth, balancing residential demand with long-term environmental and social considerations.
MahaRERA Clears Garden of Eden Township in Sindhudurg
Bhumika Realty Secures 170 Crore Funding Faridabad
Bhumika Realty has secured ₹170 crore in funding from a joint real estate credit platform operated by Aditya Birla Sun Life AMC and BGO, providing a significant boost to its ongoing mixed-use project in Faridabad. The capital infusion is intended to accelerate construction, maintain development momentum, and address working capital requirements, signalling investor confidence in the city’s expanding real estate market.
The transaction, facilitated by Cushman & Wakefield as the advisor, reflects a broader trend of structured credit solutions emerging as a key funding channel for large-scale residential and commercial projects. Senior market analysts highlight that such investments can bridge liquidity gaps for developers, particularly in satellite cities like Faridabad, where urban expansion is closely tied to infrastructure upgrades and population growth. The Faridabad project forms part of a growing portfolio of mixed-use developments designed to integrate residential, retail, and commercial spaces. Industry experts note that structured investment platforms provide both financial discipline and oversight, ensuring that capital deployment aligns with project timelines and delivery standards. The infusion from Aditya Birla Sun Life AMC and BGO demonstrates the continued appetite of institutional investors for projects with clear execution strategies and potential for long-term value creation.
Since its formation in June 2022, the joint real estate credit platform between Aditya Birla Sun Life AMC and BGO has committed USD 130 million across thirteen projects in six cities, with a target of achieving USD 1 billion in deployed capital by 2028. Urban planners observe that such structured credit mechanisms not only support developers but also enhance transparency and accountability in project execution, a critical factor for fostering sustainable urban growth in rapidly expanding regions. From an economic and social perspective, projects like Bhumika Realty’s Faridabad development contribute to the city’s built environment by expanding housing availability and creating integrated spaces for work, leisure, and community engagement. By combining private capital with professional project oversight, these initiatives also reduce reliance on traditional bank financing and stimulate local construction activity, generating employment and supporting ancillary industries.
Looking ahead, the timely deployment of the ₹170 crore funding is expected to maintain construction schedules and ensure that project milestones are achieved within planned timelines. Urban affairs specialists emphasise that such collaborations between developers and institutional investors are increasingly shaping the trajectory of mid-sized urban centres, enabling high-quality, mixed-use developments that align with inclusive and resilient city planning principles.
Bhumika Realty Secures 170 Crore Funding Faridabad
Suraksha Group Completes Nearly 6000 Housing Units
Suraksha Group has marked a significant milestone in Mumbai’s residential real estate sector by completing construction of 5,989 housing units across multiple projects under the erstwhile Jaypee Infratech portfolio. The developments, concentrated in the JIL Wish Town cluster, reflect renewed momentum in urban housing delivery following the company’s takeover of Jaypee Infratech in 2024, offering new occupancy-ready options for residents and contributing to the city’s broader housing stock.
Occupancy certificates have already been secured for 31 towers, comprising 3,135 units, enabling immediate habitation and formalising property rights for buyers. Applications for additional 32 towers—including Kosmos, Klassic, Kensington Boulevard, Kensington Park Apartments, Kensington Park Heights, and Pebble Court—covering 2,854 units are currently under review by municipal authorities. Urban planners note that such formalisation processes are crucial to enhancing housing market transparency and ensuring compliance with city building regulations. The scale of delivery underscores Suraksha Group’s capacity to manage complex, multi-tower urban developments. The projects feature mixed residential typologies designed for mid- to premium-segment buyers and are integrated with contemporary amenities, reflecting emerging expectations for sustainable and inclusive urban living. Experts suggest that this pace of construction, aligned with occupancy approvals, sets a benchmark for resolving long-standing stalled projects while supporting demand in established suburban clusters like JIL Wish Town.
From an economic standpoint, the completion of these towers signals a broader recovery in Mumbai’s residential market, providing momentum for associated sectors including construction materials, utilities, and urban infrastructure services. Industry observers highlight that timely delivery and occupancy certification are critical in maintaining buyer confidence, particularly in markets where delays have historically affected demand dynamics. Suraksha’s systematic approach may also influence competitive strategies among other developers managing pending or stalled projects in the city. Infrastructure integration remains central to the impact of these developments. By delivering substantial residential units in a defined precinct, Suraksha contributes to densification patterns that can support local public transport, road connectivity, and social amenities. Urban affairs specialists emphasise that coordinated planning between developers and civic authorities ensures that large-scale residential growth does not exacerbate congestion or strain existing services, while enabling climate-resilient urban expansion.
Looking ahead, construction on remaining towers continues in line with the resolution plan, with city planners and market analysts watching delivery timelines closely. The effective completion of these projects will not only expand Mumbai’s housing inventory but also reinforce investor confidence in structured redevelopment models and the potential for sustainable urban growth in suburban nodes.
Suraksha Group Completes Nearly 6000 Housing Units
Crest Ventures Plans Large Chembur Mixed Use Project
A new large-scale real estate partnership is set to reshape parts of Chembur in eastern Mumbai, as Crest Ventures advances plans for a premium mixed-use development through a joint development arrangement with a local landholding entity. The proposed project, with a projected gross development value of around ₹1,850 crore, reflects renewed developer confidence in well-connected suburban neighbourhoods amid shifting housing demand and infrastructure-led growth across the Mumbai Metropolitan Region.
Public filings indicate that the agreement has been executed through Crest Ventures’ urban development arm, which will oversee planning, construction, and project delivery. The site, spanning more than two acres, is expected to accommodate a high-density residential-led development complemented by community-oriented amenities and supporting commercial uses. Industry experts say such formats are increasingly favoured in land-scarce cities, where integrated planning allows housing supply to expand without placing additional strain on surrounding infrastructure. Chembur’s strategic location has played a key role in attracting sustained real estate interest. The suburb sits at the intersection of major arterial roads, suburban rail, and upcoming metro corridors, offering improved east–west and north–south connectivity. Urban planners note that this multimodal access reduces commuting time, lowers transport-related emissions, and supports the decentralisation of housing growth away from traditional south Mumbai clusters.
The planned development is expected to add nearly five lakh square feet of saleable area to the city’s residential stock. Market analysts point out that premium housing demand in eastern suburbs has remained resilient, driven by professionals seeking proximity to employment hubs in central Mumbai, BKC, Navi Mumbai, and emerging office districts along the eastern corridor. Unlike speculative luxury formats of the past, newer projects are being designed around efficiency, shared open spaces, and long-term livability. Crest Ventures has previously delivered large residential, commercial, and mixed-use projects across Indian cities, contributing to Mumbai’s evolving skyline over the past decade. Experts say such experience becomes critical as regulatory scrutiny, sustainability compliance, and buyer expectations continue to rise. Projects today are assessed not only on design and pricing but also on water management, energy efficiency, construction quality, and neighbourhood integration.
From a city development perspective, the Chembur project highlights a broader transition in Mumbai’s growth pattern. As land parcels in core business districts become scarce, redevelopment and joint development models are emerging as the primary tools for unlocking housing supply. When aligned with transit investment and social infrastructure, these projects can support more balanced urban expansion. Urban observers caution, however, that the success of large developments will depend on coordination with civic agencies, particularly around road capacity, drainage, and public amenities. As Mumbai prepares for higher population densities in its suburbs, planners argue that responsible real estate growth must move in step with climate-resilient infrastructure and people-first neighbourhood design.
Crest Ventures Plans Large Chembur Mixed Use Project
JP Morgan Expands Mumbai Footprint With Major Powai Lease
Global financial services major JP Morgan has reinforced its long-term commitment to Mumbai by securing a large office footprint in Powai, one of the city’s most established commercial and mixed-use districts. The transaction involves a substantial lease at One Downtown Central, a premium office complex that has increasingly emerged as a preferred destination for multinational firms seeking scalable, transit-linked workspaces within the city.
According to property registration records analysed by real estate market trackers, the India services arm of the global banking group has leased close to 2.72 lakh sq ft of built-up area within the Powai development. The space spans the lower levels and multiple upper floors of the building, reflecting a consolidated workplace strategy rather than fragmented office occupancy across the city. Industry experts note that the agreed rental value places the deal among the larger commercial transactions concluded in Mumbai towards the end of 2025. The lease carries a five-year tenure with a defined lock-in period and an annual escalation clause, indicating confidence in medium-term business growth and workforce stability. A sizeable security deposit has also been committed, underlining the institutional nature of the transaction.
The building, operated by a flexible workspace and managed offices provider, offers large contiguous floor plates, modern building systems and parking infrastructure running into several hundred slots. Urban planners point out that such features are increasingly critical for global firms balancing high employee density with operational efficiency, especially in land-constrained cities like Mumbai. Powai’s appeal lies not only in Grade A office stock but also in its broader urban ecosystem. Located between the eastern and western suburbs, the area benefits from proximity to residential neighbourhoods, educational institutions, and upcoming mass transit upgrades. For employers, this translates into shorter commutes for employees and reduced dependence on long-distance daily travel—an important consideration as companies reassess workplace design through the lens of sustainability and employee well-being.
Real estate analysts say the transaction signals a steady revival of demand for large-format offices, even as hybrid work models continue to evolve. Rather than downsizing, many global firms are opting for fewer but higher-quality offices that can support collaboration, technology integration and future adaptability. In Mumbai, this has led to renewed interest in well-planned suburban business districts as alternatives to traditional central business areas. From a city development perspective, such leases contribute to the economic vitality of decentralised commercial hubs, helping distribute employment opportunities beyond the southern business core. Experts add that this shift can ease pressure on older infrastructure while encouraging more balanced urban growth—provided it is supported by public transport, pedestrian-friendly planning and energy-efficient buildings.
As Mumbai continues to position itself as a regional financial and services hub, transactions of this scale are likely to shape both market sentiment and urban form. The focus, urban observers say, must now remain on ensuring that commercial expansion aligns with climate-resilient infrastructure, inclusive mobility and responsible real estate practices in the years ahead.
JP Morgan Expands Mumbai Footprint With Major Powai Lease
Omaxe Eternity 2 Records Strong Early Demand In Vrindavan
