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Pune, 13th July 2026: Smartworks Coworking Spaces Limited has leased more than 930 seats in Pune to the Indian subsidiary of a UK-headquartered global professional services and technology firm, marking another major enterprise expansion in the city’s commercial office market. The new 60-month lease agreement is expected to generate around ₹58 crore in committed rental revenue for Smartworks. With the latest addition, the client’s total footprint with the managed office provider has crossed 1,730 seats, taking the combined expected rental commitment to nearly ₹102 crore. The deal highlights the continued demand for flexible, managed office spaces among multinational companies expanding their operations in India, particularly in Pune, which has emerged as a preferred destination for global capability centres (GCCs) and technology firms. Commenting on the development, Smartworks Founder and Managing Director Neetish Sarda said the continued expansion by global enterprises reflects growing confidence in managed office campuses designed for scale, operational efficiency and long-term business growth. According to the company, enterprise clients continue to dominate its business, with organisations occupying 300 or more seats accounting for nearly 69 per cent of its rental revenue. Clients operating across multiple cities contribute around 31 per cent of the company’s overall revenue, while more than 90 per cent of Smartworks’ earnings come from enterprise customers. As of March 31, 2026, Smartworks manages approximately 16.1 million square feet of office space across 66 centres in 15 cities in India and Singapore. The company partners with developers to convert large commercial buildings into fully managed office campuses equipped with workplace technology, infrastructure and business support services. The latest leasing transaction adds to a series of large office space commitments by global firms in Pune, underlining the city’s sustained appeal as a business and technology hub despite evolving workplace strategies.

A home sold every six minutes as the city continues to set the benchmark for residential real estate Pune, 13th July 2026: Pune has once again emerged as India’s undisputed housing capital, widening its lead over every major residential market in the country. According to the latest Pune Housing Report: July 2026, jointly released by CREDAI Pune and CRE Matrix, the city recorded 44,265 registered home sales worth ₹37,048 crore during the first half of 2026. Based on official registration data from the Inspector General of Registration (IGR), Maharashtra, the report highlights Pune’s sustained market leadership, backed by strong end-user demand, a robust employment ecosystem and evolving homebuyer aspirations. Pune’s leadership extends well beyond the latest half-yearly figures. Between CY2021 and CY2025, the city recorded 4.28 lakh registered home sales, the highest among all major Indian cities. Pune sold 37% more homes than second-placed Hyderabad during this period and even surpassed the combined residential sales of Mumbai and Chennai. On average, one home was sold every six minutes, underscoring the city’s sustained demand and reinforcing its position as India’s leading residential real estate market. The report attributes Pune’s remarkable performance to genuine end-user demand supported by a strong economic foundation. Continued expansion of the IT sector, Global Capability Centres (GCCs), automotive manufacturing and allied industries has fueled employment growth, attracting professionals from across the country and creating sustained demand for housing. Pune’s residential market is also witnessing a steady rise in home values. The average value of a home sold has reached ₹84 lakh, registering a 38% increase since H1 2022, while the overall value of residential transactions has grown by 42% over the same period. Average prices per square foot have also increased by 20%, reflecting healthy appreciation driven by genuine housing demand. Reflecting changing buyer preferences, 26% of homes sold during H1 2026 were priced above ₹1 crore, signaling a steady shift towards premium housing. At the same time, Pune has retained its position as one of India’s most affordable metropolitan housing markets, with nearly 74% of homes sold continuing to be priced below ₹1 crore. The ₹50 lakh to ₹1 crore segment remains the city’s largest and most active housing category, demonstrating Pune’s unique ability to balance affordability with premiumisation. Key Highlights 44,265 homes worth ₹37,048 crore sold during H1 2026. Pune sold 37% more homes than Hyderabad between CY2021 and CY2025. 4.28 lakh homes sold over the last five years—the highest among all Indian cities. One home sold every six minutes over the past five years. Average home value reached ₹84 lakh, up 38% since H1 2022. The value of residential transactions increased by 42% over four years. 26% of homes sold were priced above ₹1 crore, highlighting growing demand for premium housing. Nearly 74% of homes sold remained below ₹1 crore, reinforcing Pune’s affordability. North East Pune recorded the highest growth in average home values at 54% since 2022. Manish Jain, President, CREDAI Pune, said, “Pune’s housing market continues to reflect the confidence of genuine homebuyers. The average home value has risen to ₹84 lakh, while strong growth in premium housing indicates that buyers are increasingly upgrading their lifestyles. At the same time, the ₹50 lakh to ₹1 crore segment continues to be the city’s strongest, reinforcing Pune’s unique balance of aspiration and affordability. Backed by the continued growth of the IT sector, GCCs and the automotive industry, Pune’s residential market remains resilient, future-ready and well-positioned for sustained growth.” Abhishek Kiran Gupta, CEO, CRE Matrix, said, “While overall housing sales have moderated from the exceptional highs of the past three years, the softening has largely been confined to the lower and mid-income segments. Premium and luxury housing continue to witness sustained growth, reflecting Pune’s steady transition towards higher-value residential living. This is evident in the 42% increase in the value of homes sold over the last four years, highlighting the city’s economic maturity and the rising purchasing power of its homebuyers.” The report also highlights strong performance across Pune’s residential micro-markets. The North East corridor, including Kharadi, Wagholi and surrounding areas, recorded the highest growth in average home values at 54% since 2022, driven by continued expansion of the city’s IT ecosystem. Meanwhile, the South West region witnessed the highest appreciation in price per square foot, reflecting the broad-based strength of Pune’s residential market. With sustainable employment generation, expanding infrastructure, enduring affordability and rising demand for premium homes, Pune continues to set the benchmark for residential real estate in India, reinforcing its position as the country’s housing capital.

Pune | 7 July 2026: Despite heavy rainfall across Maharashtra and significant travel disruptions, PROP CONNECT 2026 concluded on a grand and highly successful note, setting a new benchmark for collaboration, networking and knowledge-sharing in the Indian real estate industry. Organised by the Professional Realtors of Pune (PROP) in association with the National Association of Realtors – India (NAR-India) at JW Marriott, Pune, the event witnessed a houseful gathering of real estate professionals, making it one of the most successful real estate networking events ever hosted in Pune. What made the event even more remarkable was the overwhelming response despite extremely challenging weather conditions. Heavy rains disrupted travel across Maharashtra, with major traffic restrictions on the Mumbai–Pune Expressway and adverse weather conditions in the Nashik region. Yet, delegates from Mumbai, Nashik and several other cities made every effort to attend the event, reflecting the industry’s commitment and the growing significance of PROP CONNECT. Real estate professionals from 38 cities across India came together under one roof to truly embody the theme “Connect. Collaborate. Grow.” The conference created outstanding opportunities for networking, business exchange, knowledge sharing and relationship building among real estate consultants, developers and industry leaders. The event featured insightful sessions by distinguished speakers including Dr. Abhijeet Chaudhari (IAS), PMRDA Commissioner, Manish Jain, Atul Chordia, Vineet Goyal, Vishal Jumani, Vaibhav Sisinty, Akash Agarwal, Sachin Bhandari, and CA Sarthak Ahuja, who shared valuable perspectives on urban development, market trends, artificial intelligence, leadership, business growth and the future of real estate. Due to exceptionally heavy rainfall and travel disruptions, renowned real estate data expert Abhishek Kiran Gupta of CRE Matrix and internationally acclaimed business coach Rajiv Talreja were unable to attend the conference. The organisers appreciated their support and expressed their hope to welcome them at future editions of PROP CONNECT. The event concluded on a high note with an entertaining performance by Vipul Goyal, providing a memorable end to a day filled with learning, networking and celebration. Speaking on the success of the event, Udayan Mane, President of PROP, said: “The overwhelming response to PROP CONNECT 2026 proves that collaboration is the future of the real estate industry. Despite adverse weather conditions, professionals from across the country travelled to Pune, demonstrating the strength and unity of our fraternity. We sincerely thank every participant, speaker, sponsor and partner who contributed to making this event a grand success.” The organisers also expressed their heartfelt gratitude to Ravi Varma and Sumanth Reddy, Chairmen of NAR-India, for their guidance, encouragement and continued support in strengthening collaboration among real estate professionals across the country. The success of PROP CONNECT 2026 was made possible through the dedicated efforts of the entire PROP Governing Body, including Kishen Milaney (Founder Chairman), Udayan Mane (President), Darshan Chawla (Immediate Past President), Tanuj Nagrani (Vice President – Builder Relations), Niraj Singh (Vice President – Technology & Communication), Manish Didmishe (Secretary), Murli Ramani (Treasurer), Mahesh Yadav (Director – PROP Growth), Vikram Malik (Director – Business Exchange), Preet Kohli (Director – Events, Engagement & Networking), Dinesh Rathi (Director – Training & Membership Drive), Sarang Madarewar (Director – Sports & Cultural Activities), Ravindra Yadav (Director – Digital PR & Media), along with advisors Khalid Memon, Yogesh Mehra and Jesmin Bagmar. The organisers also acknowledged the invaluable support of sponsors, exhibitors, collaboration partners, media partners, volunteers and every participant whose contribution made the event a resounding success. With exceptional participation, world-class knowledge sessions and a strong spirit of collaboration, PROP CONNECT 2026 has established itself as a landmark event for the Indian real estate industry while positioning Pune as one of the country’s leading destinations for real estate networking, collaboration and professional excellence.  

Mumbai | July 12, 2026 – Bollywood actor Akshay Kumar has sold two luxury residential apartments in Mumbai’s Mulund West for a combined ₹12.38 crore, according to property registration documents accessed by CRE Matrix. The transactions highlight the continued strength of Mumbai’s premium residential market and the long-term appreciation potential of well-located real estate assets. Premium Apartments Sold in Oberoi Enigma The two apartments are located in Oberoi Enigma, a premium residential development on LBS Road, Mulund West. Each apartment has a carpet area of 1,886 sq. ft. and comes with three dedicated car parking spaces. Both units were sold to Sunny Home Care Private Limited for ₹6.19 crore each, taking the total transaction value to ₹12.38 crore. The sale deeds were officially registered on June 30, 2026. Strong Returns on Long-Term Investment Akshay Kumar had purchased both apartments in October 2017 for approximately ₹4.49 crore each, with the total acquisition cost close to ₹9 crore. Over nearly nine years, the properties appreciated by around 38%, generating an estimated gain of ₹1.70 crore per apartment. Property registration records also indicate that the transaction involved a stamp duty payment of ₹74.28 lakh, in line with Mumbai’s prevailing registration norms. Mulund West Emerges as a Premium Residential Destination Mulund West has steadily evolved into one of Mumbai’s preferred residential destinations, driven by robust infrastructure, improved connectivity, and the presence of premium residential developments. Projects such as Oberoi Enigma have attracted both end-users and investors seeking spacious homes, modern amenities, and long-term capital appreciation. The locality benefits from excellent road connectivity via LBS Road and the Eastern Express Highway, while ongoing infrastructure improvements continue to enhance its residential appeal. Celebrity Real Estate Investments Continue to Draw Attention Celebrity real estate transactions often attract significant public interest, reflecting broader trends within Mumbai’s property market. While star ownership brings visibility, industry experts believe the primary factors driving property appreciation remain strategic location, quality construction, infrastructure development, and sustained buyer demand. Akshay Kumar’s latest transaction further reinforces the value creation potential of premium residential assets in established Mumbai micro-markets and highlights the resilience of Mumbai’s luxury housing segment. Source: Property registration documents accessed by CRE Matrix.

Mumbai | July 12, 2026: Bollywood superstar Salman Khan has sold a residential apartment in Mumbai’s prestigious Bandra West locality for ₹3.50 crore, according to property registration documents accessed by CRE Matrix. The transaction once again highlights the sustained demand for premium residential properties in one of Mumbai’s most sought-after micro-markets. The apartment, located in Shiv-Asthan Heights, has a carpet area of 758 sq ft and includes two dedicated car parking spaces. Official records show that the property was originally purchased by Salman Khan in 2015 for ₹2.88 crore, resulting in a capital appreciation of approximately ₹62 lakh over the holding period. Property Transaction Registered on July 9: The sale deed was officially registered on July 9, 2026. As per registration documents, the buyers paid a stamp duty of ₹21 lakh along with a registration fee of ₹30,000. Based on the carpet area, the transaction values the property at approximately ₹46,000 per sq ft, reflecting the premium commanded by residential developments in Bandra West. Bandra West Continues to Command Premium Prices: Bandra West has consistently remained one of Mumbai’s most desirable residential destinations. Excellent connectivity, world-class social infrastructure, premium lifestyle offerings, and its long-standing association with Bollywood celebrities continue to make the locality a preferred address for homebuyers and investors alike. Micro-markets such as Pali Hill, Bandstand, and Carter Road have witnessed sustained demand from high-net-worth individuals, business leaders, and film personalities, contributing to the area’s resilient property values. The locality is home to several prominent personalities, including Shah Rukh Khan, Aamir Khan, Javed Akhtar, Shabana Azmi, Rekha, and Sanjay Dutt, further enhancing its prestige and desirability. Salman Khan’s Strong Connection with Bandra: Salman Khan has been closely associated with Bandra for decades and continues to reside with his family at the iconic Galaxy Apartments on Bandstand. Recently, the Khan family also received regulatory approvals for the redevelopment of their sea-facing property in Bandra West, reaffirming their long-term association with the neighbourhood. Market Perspective: Industry experts believe that transactions involving celebrity-owned properties continue to draw significant attention to Mumbai’s luxury residential market. While celebrity ownership may enhance a property’s visibility, the primary drivers of Bandra West’s real estate values remain its strategic location, limited supply, superior infrastructure, and consistently strong buyer demand. The latest transaction further reinforces Bandra West’s position as one of India’s most premium residential destinations, where well-located homes continue to command strong valuations despite changing market dynamics. Source: Property registration documents accessed by CRE Matrix.

Pune, 10th July 2026: Knight Frank India, in its latest report, India Real Estate H1 2026, highlighted Pune’s continued real estate momentum, with the city recording its highest-ever half-year office leasing volume while maintaining healthy residential demand during the first half of 2026. The office market witnessed gross leasing transactions of 6.6 mn sq ft, registering a 29% year-on-year (YoY) increase despite a high base in the corresponding period last year. The growth was driven by strong occupier demand from Global Capability Centres (GCCs), flex operators and third-party IT/ITeS companies, supported by larger deal sizes and sustained demand for Grade A office developments. Office Market Highlights of Pune Note: 1. 1 square metre (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research On the residential front, Pune continued to witness healthy end-user demand with 24,890 housing units sold during H1 2026, a 2% YoY increase. Developers remained confident about the market outlook, launching 31,116 new housing units, reflecting a 17% YoY growth. Residential prices also continued their upward trajectory, increasing 5% YoY to an average of INR 10,063 per sq ft. Pune’s office market recorded its strongest half-year leasing performance on record during H1 2026, underlining the city’s growing importance as one of India’s leading commercial office destinations. Gross office transactions stood at 6.6 mn sq ft, driven by sustained occupier demand across multiple sectors despite elevated leasing levels in the previous year. The increase in leasing activity was supported by several large-format transactions from Global Capability Centres (GCCs), flex operators and third-party IT/ITeS firms. Campus-style office developments across Kharadi, Hinjawadi and Baner continued to attract occupiers seeking scalable Grade A office space. While office demand strengthened, new office completions moderated to 3.9 mn sq ft, a 55% YoY decline, following record supply additions in the previous year. The moderation in fresh supply, coupled with sustained leasing activity, resulted in the city’s vacancy level declining by 80 basis points to 14.1%, indicating improving market fundamentals. The occupier profile remained well diversified during H1 2026. Flex operators emerged as the largest occupier segment, accounting for 33% of leasing activity, followed closely by Global Capability Centres at 32%, up from 25% a year ago. GCC demand was led by occupiers across the BFSI, manufacturing, engineering and technology sectors, signalling the continued expansion and diversification of Pune’s GCC ecosystem beyond its traditional IT base. Third-party IT/ITeS companies contributed 16% of leasing activity, while India-facing businesses accounted for the remaining 19%. Source: Knight Frank Research Leasing activity also became more geographically diversified across Pune’s business districts. Peripheral Business District (PBD) West emerged as the city’s largest office destination, accounting for 33% of transactions, more than doubling its share compared to H1 2025, supported by large contiguous office spaces in Hinjawadi and Wakad. PBD East remained another key office hub, while SBD East increased its share to 26%, reflecting growing occupier interest across multiple office corridors. Average office rentals increased 6% YoY to INR 81.7 per sq ft per month, reflecting sustained occupier demand for quality office assets despite ongoing development activity across the city. Vilas P Menon, National Director – Occupier Services, Capital Markets & Branch Head, Pune, Knight Frank India, said, “Pune’s office market continues to demonstrate remarkable resilience, recording its strongest half-year leasing performance to date. Robust demand from GCCs, flex operators and technology-led occupiers, coupled with improving infrastructure and expanding metro connectivity, reinforces the city’s position as one of India’s most preferred commercial destinations. As a healthy supply pipeline comes on stream, Pune remains well placed to sustain its long-term growth trajectory.” Looking ahead, Pune’s office market is expected to benefit from continued infrastructure investments, including the phased rollout of Metro Line 3 connecting Hinjewadi and Shivajinagar, planned metro expansion towards Kharadi and Hadapsar, and a healthy office supply pipeline expected during the second half of the year. These developments, alongside continued GCC expansion, are expected to support demand across both established and emerging office districts. Residential Market Highlights of Pune Pune’s residential market maintained healthy momentum during H1 2026, supported by sustained end-user demand and strong developer confidence. Housing sales increased by 2% YoY to 24,890 units, while new launches rose by 17% YoY to 31,116 units, with developers focusing on Pune’s western and eastern growth corridors, where employment hubs and improving connectivity continue to drive demand. PUNE RESIDENTIAL MARKET SUMMARY Note: 1 square metre (sq m) = 10.764 square feet (sq ft), Source: Knight Frank Research Residential price appreciation remained broad-based across Pune’s key micro-markets, with the city’s average residential price increasing 5% YoY to INR 10,063 per sq ft. Locations such as Baner, Kharadi and Hinjewadi continued to witness healthy buyer interest owing to their proximity to major employment centres, improving connectivity and projects offering larger homes and enhanced lifestyle amenities. The composition of housing demand continued to move towards higher-value homes during H1 2026. The share of homes priced below INR 5 mn declined, while the INR 5–10 mn and INR 10–20 mn categories accounted for a larger share of overall sales. Demand for homes priced above INR 20 mn also remained steady, reflecting buyers’ continued preference for larger, premium residential developments. Pune ticket size split comparison of sales during H1 2025 and H1 2026 Source: Knight Frank Research During H1 2026, Pune recorded the highest YoY percentage growth in luxury housing across the leading eight metros in the country. The city witnessed a growth of 54% YoY in the INR 20-50 mn segment. The ticket size of below INR 5mn saw a drop of -8%. TICKET-SIZE SPLIT OF SALES   Pune West remained the city’s largest residential market during the period, led by Hinjewadi, Wakad, Baner and Mahalunge, while Pune East, anchored by Kharadi, Wagholi and Hadapsar, continued to account for a significant share of residential activity. Together, these two corridors remained the primary centres of housing demand, supported by established employment hubs, expanding infrastructure and a steady pipeline of new residential developments. Launch activity also remained concentrated across Pune’s western and