Looking back: Here are the top real estate deals of 2020
A 140,787 square-foot lease at Godrej Two for the Maersk Group located at Vikhroli, Mumbai, was closed by JLL. The Maersk Group occupies the commence operations at Godrej Two. It is a new 1.3 million sq ft commercial building in the Godrej Trees complex.
The global alternative legal service provider (ALSP) DWF Mindcrest got 2.8 lakh sq ft of office space at Gera Commerzone. This space is owned by Mindspace Business Parks REIT at Kharadi, Pune, for 10 years. The deal, priced at around Rs 125 crore. It was the first big transaction in Pune during the lockdown. JLL was the sole partner for this transaction.
In this lease Simpliwork Offices, the Bengaluru-headquartered flex space operator signed a long-term lease for 230,945 sq ft Grade A office space at Sky One Corporate Park in Pune. JLL, the real estate consultancy firm, facilitated the deal. Rents for Grade A warm shell office spaces in Pune is from Rs 30 per sq ft to Rs 100 per sq ft per month.
HDFC Vice-Chairman and CEO Keki Mistry purchased an ultra-luxury apartment in Mumbai costs Rs 41.23 crore. It is the latest high-value residential deal in India’s financial capital as homebuyers struggled to register properties before the deadline of the recent stamp duty cut expired. The registration was done on November 18. The property dragged a stamp duty of Rs 95.6 lakh.
Besides that on November 25, former HDFC Bank Managing Director Aditya Puri’s daughter Amrita Puri and wife Anita Puri together purchased an uber-luxury sea-facing unit in Mumbai’s Malabar Hill area. The property worth Rs 50 crore.
In the biggest-ever deal in the Indian real estate industry, Bengaluru-headquartered privately-owned real estate investment, development, and management firm RMZ Corp proclaimed the sale of 12.5 m sq ft of 67 m sq ft of their real estate assets to a fund managed by Brookfield Asset Management for around Rs 14,680 crore ($2 billion).
Real estate major DLF’s rental arm also pre-leased 7.7 lakh sq ft of office space to Standard Chartered GBS. It is the largest office establishment at DLF Downtown located in Taramani, Chennai. The realtor is expanding the Taramani project with an investment of Rs 5,000 crore.
Besides that the most expensive residential real estate purchase in Kolkata during the COVID-19 pandemic, a stockbroker purchased a 31,000-sq ft bungalow situated at Judges Court Road for around Rs 100 crore. Brokers of this deal were Sotheby’s International Realty.
