Real Estate Highlights: Top Office and Housing Deals of 2023

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    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.

    LocationBuyerSellerProperty DetailsPrice
    MumbaiArchana SuranaPia Meenakshi RajendraLodha Malabar, Malabar Hill160 crores
    BengaluruVasudha Anjali RohatgiAshutosh TapariaHigh Grounds, Golf Links66 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.

    LocationOccupierRent per sq ftArea
    MumbaiBoston Consulting Group44435,235 sq ft
    GurugramAir India60628,000 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.

    LocationBuyerSellerProperty DetailsSizePrice
    MumbaiTexreal Pvt (Welspun)Oasis RealtyOberoi 360 West, Lower Parel29,885 sq ft231 crores
    NoidaSudh InvestmentsAtul KulshresthaSector 4429,531 sq ft15 crores
    BengaluruArchana SuranaPia Meenakshi RajendraHigh Grounds8,373 sq ft66 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

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