The property is located in Varsova Kiran Co-operative Housing Society Limited, a residential complex in one of Mumbai’s most sought-after suburban micro-markets. The apartment has a total area of approximately 114.31 sq. m. (1,230.42 sq. ft.). The deal involved a stamp duty payment of Rs 16.08 lakh and registration charges of Rs 30,000.

Investment and Returns

Kalki Koechlin had originally purchased the apartment in December 2015 for Rs 1.95 crore. With the latest transaction valued at Rs 2.55 crore, the actress has earned an appreciation of around Rs 60 lakh over a holding period of nearly a decade.

This translates to a capital gain of approximately 31%, reflecting steady price growth in Mumbai’s suburban residential market despite market cycles and economic fluctuations over the years.

Why Andheri West Continues to Attract Buyers

Andheri West remains one of Mumbai’s most prominent real estate destinations due to its strong connectivity and lifestyle appeal. The locality offers:

• Seamless access via the Western Express Highway and Link Road
• Connectivity through suburban rail and Mumbai Metro networks
• Proximity to Chhatrapati Shivaji Maharaj International Airport
• Easy access to key commercial hubs such as SEEPZ, MIDC, Bandra Kurla Complex (BKC), and Film City

The area also benefits from well-developed social infrastructure, including schools, hospitals, retail centres, and entertainment hubs, making it a preferred choice for professionals and those working in the media and entertainment industries.

Celebrity Deals Reflect Market Trends

Celebrity real estate transactions often mirror broader trends in the property market. In this case, the sale highlights moderate but consistent long-term appreciation in established suburban locations.

While the returns are not as aggressive as in earlier boom cycles, the steady gain over 10 years indicates the resilience of Mumbai’s housing market, particularly in well-connected and mature micro-markets like Andheri West.

Kalki Koechlin, known for her unconventional and critically acclaimed roles across films, web series, and theatre, continues to maintain a strong presence in India’s entertainment industry. Beyond acting, she has also been involved in writing and social initiatives, contributing to discussions around culture and mental health.

Also Read: 3BHK Affordability Under Stress as Housing Prices Outpace Incomes Across Mega Markets

The post Kalki Koechlin Sells Andheri West Flat for Rs 2.55 Cr, Gains 31% in 10 Years appeared first on Square Feat India.

The properties are located in Raheja Classique, a well-known residential complex in Andheri West — one of Mumbai’s most sought-after real estate micro-markets. The locality continues to command strong demand due to its strategic location, robust connectivity, and proximity to key commercial and entertainment hubs.

Details of the Transactions

The Sanon family executed four separate deals within the same project:

• Two larger apartments were sold for Rs 3.23 crore each
• Each of these units has a built-up area of approximately 654 sq. ft. and a carpet area of 545 sq. ft., along with one dedicated car parking space
• The transactions attracted a stamp duty of Rs 19.41 lakh each

Additionally:

• Two smaller units were sold for Rs 1.21 crore each
• These apartments have a built-up area of about 246 sq. ft. and a carpet area of 205 sq. ft.
• Stamp duty for these units stood at Rs 7.29 lakh each

All four deals also incurred standard registration charges of Rs 30,000 per unit.

Investment Journey and Returns

The transactions highlight a significant appreciation in value over the years. Geeta Sanon had originally acquired two of the units in July 2013 for a total of Rs 1.40 crore. Later, in June 2017, Kriti and Nupur Sanon purchased the remaining two units for Rs 2.90 crore.

This brought the total acquisition cost of the four apartments to approximately Rs 4.31 crore.

With the recent sale valued at Rs 8.9 crore, the family has recorded:

• A total profit of around Rs 4.6 crore
• Capital appreciation of approximately 107%
• A holding period ranging between 9 to 13 years

This deal underscores the long-term wealth creation potential of Mumbai’s residential real estate market, particularly in established locations like Andheri West.

Why Andheri West Remains a Hotspot

Andheri West continues to attract strong buyer and investor interest due to several key factors:

• Excellent connectivity via the Western Express Highway, Link Road, suburban rail, and Mumbai Metro
• Close proximity to employment hubs such as SEEPZ, MIDC, Bandra Kurla Complex (BKC), and Film City
• Easy access to Chhatrapati Shivaji Maharaj International Airport
• Well-developed social infrastructure including schools, hospitals, retail hubs, and entertainment zones

The presence of professionals from corporate and entertainment industries further drives consistent housing demand in the area.

Celebrity Real Estate Trends

Celebrity property transactions in Mumbai often reflect broader market trends. In this case, the Sanon family’s exit at a substantial profit signals sustained capital appreciation in prime suburban locations despite market cycles.

Such deals also highlight how long-term holding strategies in well-connected micro-markets can yield strong returns, even amid evolving market dynamics.

Kriti Sanon, who debuted in 2014 and has since become one of Bollywood’s leading actresses, has also diversified into entrepreneurship, while Nupur Sanon continues to build her presence in films and music. Their real estate investments, managed alongside their mother, demonstrate a structured approach to wealth creation beyond their primary careers.

Also Read: Cricketer Ajit Agarkar Sells Bandra West Apartment for Rs 4 Crore

The post Kriti Sanon Family Sells 4 Mumbai Flats for Rs 8.9 Cr, Clocks Over 100% Profit in Deals appeared first on Square Feat India.

The decision, approved in the Cabinet meeting held on January 27, 2026, has been formalized through a circular issued by the Revenue and Forest Department.

Key Changes in the Policy

Earlier, government land leases were typically granted for shorter durations, often around 30 years. Under the new policy:

• Lease period increased to up to 49 years
• Option to renew the lease once for another 49 years
• Total possible lease duration extended to 98 years

This move is expected to significantly enhance the long-term viability of commercial projects developed on government land.

Applicability of the Policy

The policy applies to land owned or controlled by:

• State government departments
• Government-owned corporations
• Boards and statutory authorities

It also includes land that has been transferred by the Revenue Department to these entities for specific purposes.

Focus on Commercial Use and Revenue Generation

The primary objective of the policy is to:

• Increase non-tax revenue for government bodies
• Enable commercial use of government land
• Encourage private investment and participation

Such land can now be leased to organizations and institutions for various commercial purposes, depending on requirements.

Conditions for Lease and Renewal

While the policy allows longer lease durations, it also introduces strict compliance measures:

Lease Compliance

• Leaseholders must strictly follow all terms and conditions
• Any violations must be resolved before further approvals

Ground Rent Rules

• Leaseholders are required to pay regular ground rent
• Rent will be subject to periodic revisions

Monitoring Mechanism

• Authorities will ensure continuous monitoring of payments and compliance

Renewal Criteria

• Lease renewal will be permitted only if:
  • No violations are found
  • All conditions have been fulfilled

Mandatory Verification Before Renewal

Before granting renewal:

• Authorities will conduct a local inspection and verification
• In case of any violations:
  • They must be corrected
  • Only then will renewal be considered

Exclusions from the Policy

The circular clarifies that this policy does not apply to certain categories, including:

• Land leased directly by the Revenue Department for residential, commercial, or other purposes
• Such cases will continue to be governed by earlier policies issued in 2012 and 2019

Impact on Real Estate and Investment

The policy is expected to have significant implications:

For Developers and Businesses:

• Longer lease tenure provides greater investment security
• Encourages large-scale commercial and infrastructure projects

For Government:

• Generates steady and increased revenue
• Improves utilization of underused land assets

For Real Estate Market:

• Boosts commercial real estate activity
• Attracts institutional investors and private players

The Bigger Picture

By extending lease tenure up to 98 years, Maharashtra is aligning with global practices where long-term land leasing supports:

• Urban development
• Infrastructure growth
• Institutional investments

The policy is expected to unlock the value of government land and accelerate development across key regions.

The Bottom Line

Maharashtra’s decision to extend government land lease tenure to 49 years, renewable up to 98 years, marks a significant structural reform aimed at promoting investment, efficient land use, and long-term development.

With stricter compliance norms and a clear focus on commercial utilization, the policy is likely to drive economic activity and strengthen the state’s real estate ecosystem.

Also Read: Railways Floats Tender for 99-Year Lease of Mahalaxmi Railway Land Worth Nearly ₹1,000 Crore

The post Maharashtra Extends Govt Land Lease Tenure to 49 Years, Renewable Up to 98 Years appeared first on Square Feat India.

Prime Commercial Investment in a High-Growth Business District

Andheri East continues to be one of Mumbai’s most active commercial markets, supported by excellent infrastructure, metro access, strong corporate presence, and proximity to Mumbai International Airport.
The micro-market hosts major IT parks, five-star hotels, premium commercial belts such as Andheri-Kurla Road, and industrial clusters, making it a preferred location for investors and businesses.

Details of the Transactions

Each transaction includes dedicated parking spaces, a premium asset component in commercial real estate purchases in Mumbai.

Why Andheri East is a Hotspot for Commercial Real Estate

Andheri East benefits from robust connectivity through the Western Express Highway, Mumbai Metro, JVLR, and Andheri Railway Station, offering seamless travel to major employment centres such as BKC, Powai, Goregaon, and Vile Parle.
The locality’s business infrastructure is evolving rapidly, driven by:

• Proximity to CSMIA Airport
• Sahar Elevated Road
• Major commercial development pipelines
• Growing demand from corporate occupiers and startups

Real estate analysts suggest that Bollywood personalities and HNIs continue to diversify into commercial assets for stable rental returns amid rising leasing activity.

About Rakesh Roshan

Rakesh Roshan is a celebrated film director, producer, and former actor known for landmark films such as Karan Arjun, Kaho Naa… Pyaar Hai, Koi… Mil Gaya, and the Krrish franchise. As head of Filmkraft Productions, he is credited with shaping modern mainstream Hindi cinema through strong narratives and musical storytelling.
His long-running creative collaborations with his son Hrithik Roshan are among Bollywood’s most commercially successful partnerships.

Also Read: Hrithik Roshan’s rent for this Juhu flat will shock you

The post Rakesh Roshan & Wife Pinkie Roshan Buy Five Commercial Units Worth ₹19.68 Crore in Andheri East, Mumbai appeared first on Square Feat India.

The Edge: A Landmark Luxury Development

• Tower 1 of The Edge was fully sold out at launch.
• Tower 2 has already achieved 40% sales to date.
• The project features two striking 600-ft glass towers, over 35,000 sq. ft. of luxury amenities, and has quickly emerged as a new architectural icon in South Mumbai’s skyline.

The early loan repayment comes on the back of this strong sales performance, underscoring Tribeca’s ability to execute high-end developments efficiently while maintaining financial prudence.

Robust Capital Management

Tribeca’s early closure of the HDFC facility marks yet another milestone in its proactive capital management strategy.

• Over the past few years, the developer has repaid multiple project loans across cities ahead of schedule.
• The company has built a strong track record with banks and NBFCs, reinforcing lender confidence.
• Tribeca and HDFC Capital share a long-standing relationship, having partnered across multiple ventures with on-time delivery.

“We’ve always believed that great product, backed by great execution, leads to strong financial outcomes,” said Kalpesh Mehta, Founder, Tribeca Developers. “Our early closure of this facility from HDFC Capital is a testament to that approach and reflects the deep trust we’ve built with both customers and capital partners across India.”

Scaling Up Fast

Tribeca is rapidly emerging as a major player in India’s branded luxury real estate segment:

• 6+ million sq. ft. of luxury real estate launched or delivered so far
• ₹7,000+ crore total topline across projects
• ₹4,000 crore+ expected sales in FY 2024–25, driven by strong performance across Mumbai, Pune, Delhi NCR, and Kolkata
• Largest developer of Trump-branded residences globally
• Company doubled in size last year, and is on track to double again in the coming year

Key projects include Trump Towers (Delhi NCR & Kolkata), The Ark and YOO ONE in Pune, and The Edge in Mumbai.

Also Read: RBI Keeps Repo Rate at 5.5%: What It Means for Your Home Loan EMIs This Festive Season

The post 🏢 Tribeca Repays ₹200 Cr HDFC Loan appeared first on Square Feat India.

The properties are situated in The Sea Glimpse Co-operative Housing Society, a sought-after residential complex in Bandra West. The rental agreement was registered in May 2025, with a starting monthly rent of ₹6.30 lakh, gradually rising to ₹8 lakh per month by the final year of the lease term.

 Lease Details:

Bandra West: A Celebrity-Favored Real Estate Hotspot

Bandra West is known for its premium residential offerings, iconic skyline, and high-profile residents. Well-connected via Western Express Highway, Bandra Station, and upcoming Metro lines, the locality enjoys proximity to Bandra Kurla Complex (BKC), Lower Parel, and Mumbai International Airport.

Notable celebrities who call Bandra home include Shah Rukh Khan, Salman Khan, Ranbir Kapoor, Janhvi Kapoor, and Tripti Dimri. The area is also a hub for elite commercial and boutique developments, making it one of Mumbai’s most expensive real estate corridors.

John Abraham: A Bollywood Star and Property Investor

John Abraham, who rose to fame with films like Dhoom and Force, is also a successful film producer and entrepreneur. Through his company J.A. Entertainment, he has produced critically acclaimed films like Vicky Donor, which won a National Film Award.

Known for his disciplined lifestyle and business acumen, John has often been regarded as one of the few Bollywood actors with a keen interest in real estate and asset management.

Celebrity Rentals Becoming Commonplace

In recent years, an increasing number of celebrities have chosen to monetize their real estate holdings by leasing luxury apartments to corporate tenants, NRIs, and professionals. This trend reflects both the high rental potential of Mumbai’s prime locations and the diversification of income strategies by high-net-worth individuals.

 Conclusion

With this strategic rental agreement, John Abraham joins the growing list of Bollywood stars tapping into Mumbai’s luxury rental market. As property prices and rents in premium areas like Bandra continue to surge, celebrity-owned real estate is not just aspirational—it’s also highly lucrative.

Also Read: Homebuyers May Get EMI Relief Soon as Experts Predict RBI Repo Rate Cut in June MPC Meet

The post John Abraham Rents Out Three Bandra Properties, Set to Earn ₹4.3 Crore Over 5 Years appeared first on Square Feat India.