In the realm of real estate, the year 2023 witnessed significant transactions, both in residential and commercial properties. This article provides an overview of the most noteworthy deals across various cities in India.
Residential Property Deals
1. Mumbai
Archana Surana acquired a property in Lodha Malabar, Malabar Hill, Mumbai, for a substantial 160 crores from the seller, Pia Meenakshi Rajendra.
2. Bengaluru
Vasudha Anjali Rohatgi invested 66 crores in a residential property located in High Grounds, Golf Links, Bengaluru, previously owned by Ashutosh Taparia.
| Location | Buyer | Seller | Property Details | Price |
|---|---|---|---|---|
| Mumbai | Archana Surana | Pia Meenakshi Rajendra | Lodha Malabar, Malabar Hill | 160 crores |
| Bengaluru | Vasudha Anjali Rohatgi | Ashutosh Taparia | High Grounds, Golf Links | 66 crores |
Most Expensive Office Lease Transactions
1. Mumbai – Maker Maxity
Boston Consulting Group secured a lease for 35,235 sq ft at Maker Maxity, Mumbai, at a rate of 444 per sq ft.
2. Gurugram – E-novation Centre
Air India signed a lease agreement for a substantial 628,000 sq ft at E-novation Centre, Gurugram, with a rental rate of 60 per sq ft.
| Location | Occupier | Rent per sq ft | Area |
|---|---|---|---|
| Mumbai | Boston Consulting Group | 444 | 35,235 sq ft |
| Gurugram | Air India | 60 | 628,000 sq ft |
Largest Homes Sold
1. Mumbai – Oberoi 360 West, Lower Parel
Texreal Pvt (Welspun) made a significant purchase of a 29,885 sq ft property in Oberoi 360 West, Lower Parel, Mumbai, for 231 crores from Oasis Realty.
2. Noida, Sector 44
Sudh Investments acquired an 8,373 sq ft property in Noida, Sector 44, for 15 crores from the seller, Atul Kulshrestha.
3. Bengaluru – High Grounds
Archana Surana completed a transaction in High Grounds, Bengaluru, purchasing an 8,373 sq ft property for 66 crores from Pia Meenakshi Rajendra.
| Location | Buyer | Seller | Property Details | Size | Price |
|---|---|---|---|---|---|
| Mumbai | Texreal Pvt (Welspun) | Oasis Realty | Oberoi 360 West, Lower Parel | 29,885 sq ft | 231 crores |
| Noida | Sudh Investments | Atul Kulshrestha | Sector 44 | 29,531 sq ft | 15 crores |
| Bengaluru | Archana Surana | Pia Meenakshi Rajendra | High Grounds | 8,373 sq ft | 66 crores |
Most Expensive Office Sale Transaction
1. Mumbai
Invex Health acquired a 556 sq ft office space in Mumbai for a considerable 98,921 per sq ft from the seller, Pradeep Kedia.
Largest Office Built
1. Chennai – DLF Downtown (DT1+DT2)
Chennai witnessed the construction of the largest office space, DLF Downtown (DT1+DT2), spanning 2.33 million sq ft.
These real estate transactions offer insights into the dynamic market landscape, reflecting the diverse and substantial investments made in both residential and commercial sectors during the year 2023.
Credits : Sobia Khan (LinkedIn) | CRE Matrix
Also read: Real Estate Trends and Economic Overview: Delhi-NCR and Gurugram – 2023 Recap and 2024 Outlook