<p><a href="https://www.apple.com/in/" target="_blank">Apple India</a> is set to expand its retail footprint in Maharashtra with a new store in Mumbai’s Borivali suburb. The tech giant has leased 12,616 sq ft of prime retail space at the newly opened <a href="https://www.oberoirealty.com/residential/sky-city-borivali-east" target="_blank">Oberoi Sky City Mall</a> for an annual rent of around <b>₹2.08 crore</b>, marking its second store in the state and fourth in India.</p>

<h2>Apple’s Borivali Move: Details of the Deal</h2>
<p>The lease, which commenced on May 8, 2025, covers a ground-floor unit with an additional 150 sq m of storage space and five car parking slots. The agreement, with landlord Incline Realty Pvt Ltd, includes a monthly rent of ₹17.35 lakh, a security deposit of <b>₹1.04 crore</b>, and a revenue-sharing clause: 2% of store revenue for the first 42 months, rising to 2.5% thereafter. The lease spans 130 months (nearly 11 years) with a 15% rent escalation every three years and a lock-in period of 10 years and 10 months.</p>

<h2>Oberoi Sky City Mall: Mumbai’s New Retail Landmark</h2>
<p>Located on Dattapada Road, Borivali East, <a href="https://www.justdial.com/Mumbai/Sky-City-Mall-Opposite-Devipada-Metro-Station-Khande-Rao-Dongari-Borivali-East/022PXX22-XX22-230311104442-D3R1_BZDET" target="_blank">Sky City Mall</a> is a state-of-the-art shopping and entertainment destination developed by <a href="https://www.oberoirealty.com/" target="_blank">Oberoi Realty</a>. The mall boasts a range of amenities, direct metro connectivity, and a luxury residential complex, making it a prime location for global brands like Apple.</p>

<h2>Apple’s Growing India Presence</h2>
<p>This Borivali lease follows Apple’s recent deal for 7,997.8 sq ft at Phoenix Mall of Asia in Bengaluru, where it committed to an annual rent of <b>₹2.09 crore</b>. Apple currently operates stores in Mumbai’s BKC, Delhi’s Saket, and is eyeing Bengaluru for its next opening. The company’s aggressive retail expansion includes plans for 53 new, relocated, or renovated stores globally by 2027.</p>

<h2>Industry Impact and Local Response</h2>
<p><b>Vikas Oberoi</b>, Chairman and Managing Director of Oberoi Realty, expressed excitement at welcoming Apple to Sky City Mall, calling it a <i>“strong endorsement of the trust global leaders place in Oberoi Realty’s vision.”</i> Apple’s presence is expected to elevate Borivali’s retail ecosystem and reinforce Mumbai’s status as a top destination for global luxury brands.</p>

Apple India is set to expand its retail footprint in Maharashtra with a new store in Mumbais Borivali suburb The tech giant has leased 12616 sq ft of prime retail space at the newly opened Oberoi Sky City Mall for an annual rent of around 208 crore marking its second store in the state and fourth in India Apples Borivali Move Details of the Deal The lease which commenced on May 8 2025 covers a ground floor unit with an additional 150 sq m of storage space and five car parking slots The agreement with landlord Incline Realty Pvt Ltd includes a monthly rent of 1735 lakh a security deposit of 104 crore and a revenue sharing clause 2 percent of store revenue for the first 42 months rising to 25 percent thereafter The lease spans 130 months nearly 11 years with a 15 percent rent escalation every three years and a lock in period of 10 years and 10 months Oberoi Sky City Mall Mumbais New Retail Landmark Located on Dattapada Road Borivali East Sky City Mall is a state of the art shopping and entertainment destination developed by Oberoi Realty The mall boasts a range of amenities direct metro connectivity and a luxury residential complex making it a prime location for global brands like Apple Apples Growing India Presence This Borivali lease follows Apples recent deal for 79978 sq ft at Phoenix Mall of Asia in Bengaluru where it committed to an annual rent of 209 crore Apple currently operates stores in Mumbais BKC Delhis Saket and is eyeing Bengaluru for its next opening The companys aggressive retail expansion includes plans for 53 new relocated or renovated stores globally by 2027 Industry Impact and Local Response Vikas Oberoi Chairman and Managing Director of Oberoi Realty expressed excitement at welcoming Apple to Sky City Mall calling it a strong endorsement of the trust global leaders place in Oberoi Realtys vision Apples presence is expected to elevate Borivalis retail ecosystem and reinforce Mumbais status as a top destination for global luxury brands

Apple India leases 12,616 sq ft at Oberoi Sky City Mall, Borivali, for ₹2 crore annual rent, marking its second store in Maharashtra and fourth in India.

Apple India Leases Borivali Retail Space for ₹2 Crore Annual Rent

<h2>A Corridor Reimagined</h2>
<p>Once merely a link between Sohna Road and Golf Course Extension Road, Gurgaon’s Southern Peripheral Road (SPR) now stands as a beacon of transformation. This vibrant corridor has evolved into one of India’s most promising hubs for real estate and infrastructure, where every new development and infrastructure project is rewriting Gurugram’s urban narrative. With over <b>₹1 lakh crore</b> in residential and commercial projects launched or underway, and critical road connectivity gaps being swiftly addressed, SPR is scripting a new chapter of growth and opportunity.</p>
<h2>A Surge of Ambition and Value</h2>
<p>The past two years have seen developers announce or launch projects worth <b>₹50,000 crore</b> along SPR, a momentum expected to double by 2027. This surge has positioned SPR among the nation’s most dynamic micro-markets. Property values have soared to ₹25,000 per square foot, driven by robust demand, enhanced infrastructure, and unwavering investor confidence. Industry giants like <a href="https://www.dlf.in/" target="_blank">DLF</a> and <a href="https://www.signatureglobal.in/" target="_blank">Signature Global</a> are at the forefront: DLF is preparing for its next ambitious phase, while Signature Global is crafting a sprawling 93-acre township with 17 million square feet of saleable area, targeting over <b>₹27,000 crore</b> in sales.</p>
<h2>Infrastructure: The Catalyst for Transformation</h2>
<p>The government’s bold infrastructure initiatives are fueling SPR’s real estate boom. The Gurugram Metropolitan Development Authority (GMDA) has recently acquired two long-pending land parcels—5.9 acres near Sector 71 and another near Sector 65—paving the way for two vital link roads. These strategic connections, measuring 350 meters and 170 meters respectively, will eliminate detours, facilitate new water and sewer lines, and improve access between key sectors like 62–65 and 71–73. With an acquisition cost of <b>₹3.2 crore</b>, tenders for these projects are expected soon after final approvals.</p>
<h2>Redefining Mobility and Connectivity</h2>
<p>Beyond local link roads, a grand mobility solution is taking shape. A 5.5-kilometer elevated corridor has been proposed between Vatika Chowk and NH-8, designed to streamline traffic flow. With an allocation of <b>₹750 crore</b>—<b>₹620 crore</b> for construction and <b>₹130 crore</b> for land—this six-lane elevated road will feature multiple entry-exit ramps and a cloverleaf interchange, ensuring seamless connectivity to Dwarka Expressway, Delhi-Mumbai Expressway, and NH-248A. Inspired by the elevated stretches of <a href="https://www.aurumproptech.in/pulse/media/the-golden-corridor-dwarka-expressways-15-year-real-estate-saga" target="_blank">Dwarka Expressway</a>, this infrastructure promises to dramatically reduce commute times and ease congestion at key intersections.</p>
<h2>Enhancing Urban Resilience and Livability</h2>
<p>Simultaneously, the National Highways Authority of India (NHAI) is set to relocate the heavily congested Kherki Daula toll plaza to Panchgaon within three months—a move eagerly awaited by SPR commuters. Complementing this are over 95 kilometers of ongoing master road upgrades, flood-control initiatives, dedicated service lanes, stormwater drains, and sewage treatment plant (STP) facilities. New flyovers, improved sector-to-sector links, and mobile sewage treatment plants are being implemented to boost livability and resilience along the SPR corridor.</p>
<h2>The Future of Gurugram: An Integrated Urban Spine</h2>
<p>Together, these initiatives are transforming the SPR corridor from a fragmented road network into a cohesive urban spine. With real estate values buoyed by luxury developments and essential infrastructure, the region is rapidly becoming a magnet for both end-users and investors. Gurugram’s future is being literally paved through SPR, where every new road and launched tower signals not just growth, but a profound transformation.</p>

A Corridor ReimaginedOnce merely a link between Sohna Road and Golf Course Extension Road Gurgaons Southern Peripheral Road SPR now stands as a beacon of transformation This vibrant corridor has evolved into one of Indias most promising hubs for real estate and infrastructure where every new development and infrastructure project is rewriting Gurugrams urban narrative With over 2 lakh crore in residential and commercial projects launched or underway and critical road connectivity gaps being swiftly addressed SPR is scripting a new chapter of growth and opportunityA Surge of Ambition and ValueThe past two years have seen developers announce or launch projects worth 50000 crore along SPR a momentum expected to double by 2027 This surge has positioned SPR among the nations most dynamic micromarkets Property values have soared to 25000 per square foot driven by robust demand enhanced infrastructure and unwavering investor confidence Industry giants like DLF and Signature Global are at the forefront DLF is preparing for its next ambitious phase while Signature Global is crafting a sprawling 93acre township with 17 million square feet of saleable area targeting over 27000 crore in salesInfrastructure The Catalyst for TransformationThe governments bold infrastructure initiatives are fueling SPRs real estate boom The Gurugram Metropolitan Development Authority GMDA has recently acquired two longpending land parcels 9 acres near Sector 71 and another near Sector 5 aving the way for two vital link roads These strategic connections measuring 350 meters and 170 meters respectively will eliminate detours facilitate new water and sewer lines and improve access between key sectors like 2 5 and 71 73 With an acquisition cost of 32 crore tenders for these projects are expected soon after final approvalsRedefining Mobility and ConnectivityBeyond local link roads a grand mobility solution is taking shape A 55kilometer elevated corridor has been proposed between Vatika Chowk and NH8 designed to streamline traffic flow With an allocation of 750 crore 20 crore for construction and 130 crore for land his sixlane elevated road will feature multiple entryexit ramps and a cloverleaf interchange ensuring seamless connectivity to Dwarka Expressway DelhiMumbai Expressway and NH248A Inspired by the elevated stretches of Dwarka Expressway this infrastructure promises to dramatically reduce commute times and ease congestion at key intersectionsEnhancing Urban Resilience and LivabilitySimultaneously the National Highways Authority of India NHAI is set to relocate the heavily congested Kherki Daula toll plaza to Panchgaon within three months move eagerly awaited by SPR commuters Complementing this are over 95 kilometers of ongoing master road upgrades floodcontrol initiatives dedicated service lanes stormwater drains and sewage treatment plant STP facilities New flyovers improved sectortosector links and mobile sewage treatment plants are being implemented to boost livability and resilience along the SPR corridorThe Future of Gurugram An Integrated Urban SpineTogether these initiatives are transforming the SPR corridor from a fragmented road network into a cohesive urban spine With real estate values buoyed by luxury developments and essential infrastructure the region is rapidly becoming a magnet for both endusers and investors Gurugrams future is being literally paved through SPR where every new road and launched tower signals not just growth but a profound transformation

Gurgaon’s SPR corridor is set to cross ₹1 lakh crore in realty sales, reshaping urban living and mobility.

Gurgaon’s SPR: Where Urban Dreams Take Flight

<h2>A Bold Step into the Public Market</h2>
<p>Mumbai’s real estate landscape is set to witness a transformative moment as Kalpataru Realty prepares to make its debut on Dalal Street. On June 24, 2025, the company will launch its highly anticipated <b>₹1,590-crore</b> initial public offering (IPO), marking a significant milestone in its journey as one of India’s leading real estate developers. The subscription window will remain open until June 26, with trading scheduled to commence on July 1.</p>
<h2>Empowering the Company Through Fresh Capital</h2>
<p>The Kalpataru IPO is structured entirely as a fresh issue, ensuring that all proceeds from the offering will directly benefit the company. This strategic decision is designed to strengthen Kalpataru’s financial foundation, reduce its debt burden, and fuel ambitious expansion plans. The anchor book for institutional investors will open a day earlier, on June 23, with share allotment finalized by June 27.</p>
<h2>Addressing Debt and Fueling Ambition</h2>
<p>Kalpataru plans to utilize approximately <b>₹1,192.5 crore</b> from the IPO proceeds to reduce debt across its own books and subsidiaries, addressing a total debt of <b>₹10,186.6 crore</b> as of April 2025. The remaining funds will be allocated for general corporate purposes, supporting the company’s ongoing growth and operational needs.</p>
<h2>A Legacy of Excellence and Expansion</h2>
<p>With a strong presence in the Mumbai Metropolitan Region, Kalpataru stands tall among industry peers such as Oberoi Realty, Lodha Developers, Godrej Properties, Keystone Realtors, Prestige Estates Projects, Sunteck Realty, and Mahindra Lifespace Developers. As of December 2024, the company boasts a portfolio of 120 completed projects, spanning over 25.87 million square feet of developable area across Maharashtra, Telangana, Madhya Pradesh, Karnataka, and Rajasthan.</p>
<h2>Guided by Industry Leaders</h2>
<p>The IPO is being managed by leading financial institutions—ICICI Securities, JM Financial, and Nomura Financial Advisory and Securities (India)—who bring their expertise as book running lead managers to ensure a successful public offering.</p>
<h2>A Gateway for Investors</h2>
<p>Kalpataru’s IPO marks a pivotal moment for investors seeking to participate in the growth story of a robust, pan-Indian real estate developer. As the company embarks on this new chapter, it reaffirms its commitment to excellence, innovation, and sustainable growth.</p>

A Bold Step into the Public Market Mumbais real estate landscape is set to witness a transformative moment as Kalpataru Realty prepares to make its debut on Dalal Street On June 24 2025 the company will launch its highly anticipated 1590crore initial public offering IPO marking a significant milestone in its journey as one of Indias leading real estate developers The subscription window will remain open until June 26 with trading scheduled to commence on July 1 Empowering the Company Through Fresh Capital The Kalpataru IPO is structured entirely as a fresh issue ensuring that all proceeds from the offering will directly benefit the company This strategic decision is designed to strengthen Kalpatarus financial foundation reduce its debt burden and fuel ambitious expansion plans The anchor book for institutional investors will open a day earlier on June 23 with share allotment finalized by June 27 Addressing Debt and Fueling Ambition Kalpataru plans to utilize approximately 11925 crore from the IPO proceeds to reduce debt across its own books and subsidiaries addressing a total debt of 101866 crore as of April 2025 The remaining funds will be allocated for general corporate purposes supporting the companys ongoing growth and operational needs A Legacy of Excellence and Expansion With a strong presence in the Mumbai Metropolitan Region Kalpataru stands tall among industry peers such as Oberoi Realty Lodha Developers Godrej Properties Keystone Realtors Prestige Estates Projects Sunteck Realty and Mahindra Lifespace Developers As of December 2024 the company boasts a portfolio of 120 completed projects spanning over 2587 million square feet of developable area across Maharashtra Telangana Madhya Pradesh Karnataka and Rajasthan Guided by Industry Leaders The IPO is being managed by leading financial institutions ICICI Securities JM Financial and Nomura Financial Advisory and Securities India who bring their expertise as book running lead managers to ensure a successful public offering A Gateway for Investors Kalpatarus IPO marks a pivotal moment for investors seeking to participate in the growth story of a robust panIndian real estate developer As the company embarks on this new chapter it reaffirms its commitment to excellence innovation and sustainable growth

Kalpataru Realty launches a ₹1,590 crore IPO on June 24, 2025, to reduce debt and accelerate growth.

Kalpataru Realty’s New Chapter: A Landmark IPO for Growth

<h2>A New Era for Rajasthan’s Real Estate</h2>
<p>In a bold move that redefines luxury living and sustainable development, Gurugram-based <a href="https://joonrealty.com/" target="_blank">Joon Realty</a> has unveiled Adi Grand—a 40-acre, ultra-luxury, climate-positive retreat on the outskirts of Jaipur. Backed by a <b>₹450 crore</b> investment, this visionary project is set to become a benchmark for eco-conscious, high-end real estate in India.</p>
<h2>Where Luxury Meets Nature</h2>
<p>Strategically located near the upcoming Delhi-Jaipur-Mumbai Expressway (NH148), Adi Grand is more than just a residential development. It is a sanctuary that seamlessly blends emission-reversing architecture, lush ecology, and world-class hospitality. The project features over 60% open green space, anchored by a central man-made lake, creating a tranquil environment that harmonizes with nature.</p>
<h2>A Vision for Sustainable Living</h2>
<p><i>“Adi Grand represents the broader shift in how real estate now engages with green building principles,”</i> says <b>Mohit Joon</b>, Managing Director, Joon Realty. <i>“As the market for sustainable luxury is projected to reach USD 39 billion in India by 2025, we’re finding that high-net-worth individuals are increasingly factoring environmental performance into their investment decisions. Our goal is to respond to that shift with a development model that is both carbon-conscious and built for long-term value.”</i></p>
<h2>Unparalleled Amenities and Design</h2>
<p>Adi Grand offers a collection of branded villas and a luxury resort, all set within an environmentally enriching framework. Residents and guests will enjoy a 75,000 sq.ft recreational clubhouse, golf courses, landscaped gardens, and spa facilities. The development is powered by passive solar design, 100% rainwater harvesting, solar-powered street lighting and water heating, EV charging infrastructure, greywater recycling, and on-site waste management.</p>
<h2>A Compelling Investment Opportunity</h2>
<p>Positioned as a compelling second-home and long-term investment opportunity, Adi Grand is within a 40-minute drive from iconic Jaipur landmarks such as Hawa Mahal and Amer Fort. The project is designed to attract high-net-worth individuals, non-resident Indians, and urban professionals seeking both lifestyle and investment value.</p>
<h2>A Catalyst for Broader Trends</h2>
<p>The launch of Adi Grand coincides with a surge in investor confidence in blended developments. According to Colliers, investments in mixed-use real estate surged to <b>$191 million</b> in Q1 2025, underscoring the growing appeal of projects that offer both lifestyle and investment value.</p>
<h2>Looking Ahead</h2>
<p>With pre-bookings set to begin in July 2025 and handovers expected by early 2027, Adi Grand is poised to set new standards for sustainable luxury living in India. As Joon Realty transitions from land banking to real estate development, Adi Grand stands as a testament to the company’s commitment to innovation, sustainability, and long-term value creation.</p>

A New Era for Rajasthan’s Real Estate In a bold move that redefines luxury living and sustainable development Gurugrambased Joon Realty has unveiled Adi Grand a 40acre ultraluxury climatepositive retreat on the outskirts of Jaipur Backed by a 450 crore investment this visionary project is set to become a benchmark for ecoconscious highend real estate in India Where Luxury Meets Nature Strategically located near the upcoming DelhiJaipurMumbai Expressway NH148 Adi Grand is more than just a residential development It is a sanctuary that seamlessly blends emissionreversing architecture lush ecology and worldclass hospitality The project features over 60 open green space anchored by a central manmade lake creating a tranquil environment that harmonizes with nature A Vision for Sustainable Living Adi Grand represents the broader shift in how real estate now engages with green building principles says Mohit Joon Managing Director Joon Realty As the market for sustainable luxury is projected to reach USD 39 billion in India by 2025 were finding that highnetworth individuals are increasingly factoring environmental performance into their investment decisions Our goal is to respond to that shift with a development model that is both carbonconscious and built for longterm value Unparalleled Amenities and Design Adi Grand offers a collection of branded villas and a luxury resort all set within an environmentally enriching framework Residents and guests will enjoy a 75000 sqft recreational clubhouse golf courses landscaped gardens and spa facilities The development is powered by passive solar design 100 rainwater harvesting solarpowered street lighting and water heating EV charging infrastructure greywater recycling and onsite waste management A Compelling Investment Opportunity Positioned as a compelling secondhome and longterm investment opportunity Adi Grand is within a 40minute drive from iconic Jaipur landmarks such as Hawa Mahal and Amer Fort The project is designed to attract highnetworth individuals nonresident Indians and urban professionals seeking both lifestyle and investment value A Catalyst for Broader Trends The launch of Adi Grand coincides with a surge in investor confidence in blended developments According to Colliers investments in mixeduse real estate surged to 191 million in Q1 2025 underscoring the growing appeal of projects that offer both lifestyle and investment value Looking Ahead With prebookings set to begin in July 2025 and handovers expected by early 2027 Adi Grand is poised to set new standards for sustainable luxury living in India As Joon Realty transitions from land banking to real estate development Adi Grand stands as a testament to the companys commitment to innovation sustainability and longterm value creation

Joon Realty launches Adi Grand, a ₹450 crore ultra-luxury, climate-positive retreat near Jaipur.

Apple India Leases Borivali Retail Space for ₹2 Crore Annual Rent

Apple’s Borivali Move: Details of the Deal

Oberoi Sky City Mall: Mumbai’s New Retail Landmark

Apple’s Growing India Presence

Industry Impact and Local Response

Read More

Gurgaon’s SPR: Where Urban Dreams Take Flight

Kalpataru Realty’s New Chapter: A Landmark IPO for Growth

Adi Grand: Redefining Luxury and Sustainability Near Jaipur

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