Latest news with #Zapkey
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First Post
2 days ago
- Business
- First Post
Shah Rukh Khan rents four apartments as Mannat undergoes renovation for Rs 24 lacs a month, Aamir Khan buys new space worth Rs 9.75 crore
Shah Rukh Khan's iconic abode Mannat is under renovation and the actor and his family have shifted to film producer Vashu Bhagnani's building Puja Casa with a reported rent of Rs 24 lacs for 30 days (a month). And then there's Aamir Khan, who has purchased a new apartment for Rs 9.75 crore in Mumbai. The sale agreement was finalised last year in June. And then we have actors who are selling their properties like Akshay Kumar and Priyanka Chopra. Kumar sold a commercial office space in Lower Parel for Rs 8 crore in April 2025. He had purchased the unit in 2020 for Rs 4.85 crore, earning a 65% return. STORY CONTINUES BELOW THIS AD Coming to Priyanka, the actress sold four luxury apartments in Andheri West for Rs 16.17 cr. The flats were located in the Oberoi Sky Gardens project. The selling of properties seems to be a profitable strategy for the actors. Given the sky-rocketing real-estate prices in Mumbai, majority of the actors prefer renting spaces in the city as opposed to owning one. Bollywood star Imran Khan and his girlfriend Lekha Washington recently rented an abode in Mumbai for Rs 9 lakhs per month from filmmaker Karan Johar. But Khan isn't the only actor from the industry to lease an apartment on rent. There are many other names like Katrina Kaif, Kartik Aaryan, Kriti Sanon. There could be a reason why many Bollywood stars prefer to rent a property instead of buying it. Zapkey co-founder Sandeep Reddy spills the beans So the next best option is to rent. Yet another reason is unstable income because of which they may not want to commit to a large outgo on purchase. They, therefore, prefer to spend a high amount on rent rather than purchasing an apartment. Ritesh Mehta, senior director and head, West and North, Residential Services and Developer Initiatives, JLL speaks up They first prefer to take the flat on lease but keep scouting for the right fit. Once they find the apartment of their choice, they eventually buy it. There have also been cases wherein newcomers first decide to take a house on rent as they may not be able to afford an apartment at the start of their careers. Besides, their earnings are not regular and they may not prefer committing to regular EMIs. Having said that, there are actors who buy apartments only to rent them out for rental income. STORY CONTINUES BELOW THIS AD
Time of India
28-05-2025
- Business
- Time of India
Ultra rich betting on trophy properties to preserve wealth
The country's leading industrialists, promoters, and family offices are increasingly turning to trophy properties for wealth preservation and legacy building, betting on luxury real estate as a resilient asset class that offers a combination of capital appreciation, privacy, and intergenerational value. From Worli's skyline-defining towers and the tree-lined avenues of Carmichael Road in Mumbai to sprawling colonial-era homes in New Delhi's Lutyens' Bungalow Zone , the real estate market in prime areas of major Indian cities has seen the ultra-wealthy close deals exceeding Rs 25,000 crore over the last three years. This is up around 90% over the previous three years, according to data compiled by realty data analytics firm Zapkey(dot)com. This surge in high-value purchases by promoters and family trusts in cities like Mumbai, New Delhi, and Bengaluru reflects a broader shift in capital management strategies, family office experts said. These families see them as strategic, long-term investments designed to safeguard wealth across generations. 'The trend is in line with how global markets have historically evolved in large cities,' said Vivek Gupta, partner at Deloitte India . 'India is seeing this trend now—large business groups want to lock in assets that are priced and scarce and can, therefore, become a legacy to be passed across generations.' Vedanta Group, Bajaj Group, Godrej, Infosys , Radhakishan Damani, Uday Kotak, GVK, Welspun , Polycab, Parle Products, and Divis Laboratories are among the large business group and families that have purchased bungalows, luxury apartments, and land parcels in major cities. More than Prestige For ultra-wealthy families, highend properties are not mere lifestyle statements. They are strategic, long-term investments designed to safeguard wealth across generations. 'Our family council has always held this belief that real estate offers a better width of investment avenues,' a leading industrialist said on condition of anonymity. 'Prime real estate is better than gold is what we believe, and we expect this recent trend to keep getting stronger.' The scion of a leading Mumbaibased industrialist said the evolution of real estate investment trusts (REITs) and land banks as a trend signals a long-term belief in rising property values. 'The growth in the value of properties, especially in key cities have been phenomenal,' he said, seeking anonymity. 'A number of key financial advisors suggested that we park funds in such assets where the surge in value will be significant down generations. Also, blocking key properties always makes good financial sense.' Be it billionaire investor and DMart founder Damani's Rs 1,001-crore purchase of a bungalow in South Mumbai's elite Malabar Hill in April 2021, or banker Uday Kotak's acquisition of an entire sea-facing Worli building for over Rs 400 crore in 2025—these deals are not outliers, but part of a clear and defining trend. They signal a deeper shift in how family offices are managing their capital, family office experts said. 'HNI families view real estate as a strategic asset for capital preservation and appreciation, which also helps in diversifying their wealth effectively,' said Sandeep Reddy, cofounder of 'It's also crucial for family wealth division, simplifying intergenerational transfers. While our analysis includes only marquee transactions, there are several transactions of this nature that are relatively smaller and not considered here,' he said. According to Reddy, beyond investment, there is a clear preference for premium, landmark addresses for end use, reflecting both prestige and a pursuit of long-term value.
Time of India
28-05-2025
- Business
- Time of India
Bengaluru sees uptick in Rs 50 cr+ home deals
Bengaluru's ultra-luxury housing market is scaling new highs—witnessing a raft of Rs50-crore deals—so far mostly limited to Mumbai and Delhi. Historically, high-end residential transactions in Bengaluru typically ranged around Rs 30-40 crore, but current activity reflects a shift toward significantly higher price points of Rs 40-60 crore—underscoring accelerated momentum in the city's top-end housing segment. India's technology capital saw several large residential deals above Rs 45 crore getting registered between last December and this month, according to Zapkey, a real estate data and analytics platform. Eight deals with a total value of Rs 415 crore have been recorded since January, compared to four worth Rs 175 crore in the same period in 2024. The data indicates a more than twofold surge in both deal count and investment value in the Rs 40-60 crore price range. Transactions include two apartments in a prestigious tower in Ashok Nagar, a private mansion in Sadashivanagar, and a high-end villa in Sampangiram Nagar. Each of these deals exceeded Rs 50 crore. 'The Bangalore clientele is discerning, global in outlook, and increasingly willing to invest in properties that reflect status, privacy, and exclusivity,' said Sandeep Reddy, cofounder Zapkey. One of the most high-profile deals was the Rs 50 crore purchase of a luxury apartment— kingfisher Towers by Infosys founder Narayana Murthy last December. A second apartment in the same project was bought shortly after by a real estate investment firm for Rs 45.35 crore. In January, Seema Ravanan, wife of Rostow Ravanan, chairman of AI firm Alfahive, bought an independent house in Sadashivanagar for Rs 57.6 crore from the Kalappa family. Around the same time, the Suvarna Family Trust picked up a property in Jayanagar for Rs 45.78 crore. Most recently, earlier this month, Paresh Shantilal Raja, CEO of Market Financials, bought a villa in the Sadashivanagar enclave for Rs 54.39 crore. 'The buyers are no longer just looking for large homes — they are looking for smart addresses,' said Vijay Chugani, founder, ZenXChugs, a Bengaluru-based luxury property broker. Several of these deals are happening off-market, brokers say, with limited public visibility. While developers are curating new luxury products, resale inventory — especially in heritage zones like Sadashivanagar, Indiranagar, and Koramangala — is commanding a significant premium. 'In some cases, they are ready to wait a year or two for the right product. In many ways, Bangalore is becoming what South Mumbai was two decades ago,' said Rajesh Sadhwani, joint MD, Sadhwani Real Estate Holdings, a real estate brokerage. Experts say that demand intensifies, industry insiders expect a continued rise in big-ticket residential sales in the Rs 40–Rs 75 crore band, driven by NRI investors, family offices, and promoter groups reshoring wealth back into Indian assets. India's ultra-rich population is expanding faster than ever. According to the latest Knight Frank Wealth Report 2025, the number of UHNIs (net worth above $30 million) in India grew by 12.4% in 2024, outpacing the global average. Bangalore alone is home to over 250 UHNIs, a number expected to cross 320 by 2027. The same report highlights that India added 1,200 new millionaires every week in 2024, many of whom are technology entrepreneurs, second-generation business families, and global professionals returning to India.
Time of India
30-04-2025
- Entertainment
- Time of India
Amid dating rumors with RJ Mahvash, Yuzvendra Chahal rents a luxury apartment in Mumbai for Rs 3 lakh per month; Details inside
Amidst dating rumors with RJ Mahvash , cricketer Yuzvendra Chahal has made a big move by renting a luxury apartment in Mumbai. Reportedly, Chahal has rented a luxury apartment for Rs 3 lakh per month. Details of the luxury apartment Documents accessed by Zapkey reveal that Chahal signed a lease for the apartment on February 4. The two-year lease includes a hefty security deposit of Rs 10 lakh. Located in the posh area of Andheri West, the 1,399 sq ft apartment is owned by actress, supermodel, and TV host Suri Natasha. The rental agreement also states that the rent will increase by 5% after the first year, a common clause in Mumbai's luxury rentals. As reported by Bollywoodshaadis, RJ Mahvash also resides in Mumbai. She recently opened up about her own achievements during an interview with Yuvaa. She spoke about the joy of building her own house and the pride she felt when her parents saw it for the first time. "The moment they entered the house, they were like, Wow. This is all that you have created on your own. That is the feeling you live for,' Mahvash said, expressing how special the moment was for her. Is there a spark between Chahal and RJ Mahvash? The timing of Chahal's new apartment has raised more than a few eyebrows, as it coincides with rumors about his relationship with RJ Mahvash. The duo has been seen together on multiple occasions, sparking speculation about a blossoming romance. From cheering for Chahal at IPL matches to traveling together, their frequent outings have led fans to wonder whether they are more than just friends. Despite the growing rumors, there has been no official confirmation of a relationship between the cricketer and the radio jockey. However, Mahvash's regular presence at Chahal's matches and their close companionship have certainly caught the attention of fans. EXCLUSIVE: Nani Reveals Massive Body Transformation For 'Paradise' | How He Got Chiranjeevi On Board
Hindustan Times
29-04-2025
- Entertainment
- Hindustan Times
Cricketer Yuzvendra Singh Chahal rents luxury apartment in Mumbai for ₹3 lakh per month
Cricketer Yuzvendra Singh Chahal has rented a luxury apartment in Mumbai for ₹3 lakh per month. The lease, signed on February 4, spans two years and includes a security deposit of ₹10 lakh, documents accessed by Zapkey showed. The Mumbai rental agreement features a 5% escalation in rent after the first year. The 1399 sq ft property is located in Transcon Triumph, Andheri West, and is owned by actress, supermodel, TV host, and former Miss World India, Suri Natasha, the leave and license agreement showed. Queries have been sent to the cricketer. The story will be updated in case a response is received. He plays for Haryana in domestic cricket, Punjab Kings in the IPL, and Northamptonshire in the County Championship. In February 2025, buzz about choreographer and content creator Dhanashree and Yuzvendra's divorce began after the couple unfollowed each other on Instagram, which sparked widespread speculation. The two tied the knot in December 2020 in an intimate ceremony in Gurugram. They met during the Covid-19 pandemic when he approached her for dance lessons. In March, it was officially confirmed that the couple had finalized their divorce. Recently, former cricketer and commentator Sanjay Manjrekar had sold his Mumbai property for ₹13.5 crore, according to property registration documents reviewed by Zapkey. Cricketer KL Rahul and Bollywood actor Suniel Shetty had also jointly acquired a seven acre land parcel in Owale at Thane West, near Mumbai, for Rs. 9.85 crore, according to property registration documents accessed by Square Yards. Indian cricketer Rohit Sharma had given his property on rent in Lower Parel, Mumbai, for ₹2.60 lakh per month, Square Yards said. Former Indian cricketer Zaheer Khan and family members had purchased a luxury apartment in Mumbai's Elphinstone Road area for ₹11 crores, according to property registration documents accessed by SquareYards. Cricketer Suryakumar Yadav and his wife, Devisha Yadav, had purchased two luxury apartments in Mumbai's Deonar area for ₹21.1 crore, according to property registration documents reviewed by Square Yards from the Inspector General of Registration (IGR) website.
