<p><a href="https://www.tesla.com/" target="_blank">Tesla India</a> has taken a major step in its local expansion by leasing a 24,500-square-foot service centre in Mumbai’s Kurla West, adjacent to its upcoming showroom in Bandra Kurla Complex (BKC). This high-profile move signals Tesla’s strategic entry into India’s electric vehicle market, with a clear focus on sales and service rather than manufacturing.</p>

<h2>Strategic Mumbai Presence</h2>
<p>The five-year lease, signed with Bellissimo in City FC Mumbai I Private for space in <a href="https://www.lodhaindustrialandlogisticspark.com/" target="_blank">Lodha Logistics Park</a>, comes with an initial monthly rent of ₹37.53 lakh and totals nearly <b>₹25 crore</b>, including a <b>₹2.25 crore</b> security deposit. The facility will serve as both a service centre and warehousing hub, supporting Tesla’s growing real estate footprint in India, which already includes offices in Pune and Bengaluru, and showrooms in Mumbai and soon Delhi.</p>

<h2>Sales-First Approach</h2>
<p>Despite the buzz, Tesla has made it clear that its current India strategy is limited to vehicle sales, not local manufacturing. Union Heavy Industries Minister H.D. Kumaraswamy confirmed that Tesla is not interested in manufacturing in India at this stage, focusing instead on opening showrooms for direct sales.</p>

<h2>Policy Landscape and Global Competition</h2>
<p>Tesla’s move comes as India’s flagship EV policy opens the door for global carmakers to manufacture and sell electric vehicles in the country. While rivals like Mercedes-Benz, Volkswagen, and Hyundai already have manufacturing operations in India—and Hyundai aims to make India its global EV hub—Tesla is taking a cautious, sales-driven approach.</p>

<h2>Growing Indian Footprint</h2>
<p>This Kurla West lease is Tesla’s fourth major real estate deal in India, following high-profile leases in Pune, Bengaluru, and Mumbai’s BKC. The new service centre is strategically located within 10 km of Tesla’s other Mumbai facilities, ensuring seamless support for customers in the financial capital.</p>

Tesla India has taken a major step in its local expansion by leasing a 24500 square foot service centre in Mumbais Kurla West adjacent to its upcoming showroom in Bandra Kurla Complex BKC This high profile move signals Teslas strategic entry into Indias electric vehicle market with a clear focus on sales and service rather than manufacturing Strategic Mumbai Presence The five year lease signed with Bellissimo in City FC Mumbai I Private for space in Lodha Logistics Park comes with an initial monthly rent of 3753 lakh and totals nearly 25 crore including a 225 crore security deposit The facility will serve as both a service centre and warehousing hub supporting Teslas growing real estate footprint in India which already includes offices in Pune and Bengaluru and showrooms in Mumbai and soon Delhi Sales First Approach Despite the buzz Tesla has made it clear that its current India strategy is limited to vehicle sales not local manufacturing Union Heavy Industries Minister HD Kumaraswamy confirmed that Tesla is not interested in manufacturing in India at this stage focusing instead on opening showrooms for direct sales Policy Landscape and Global Competition Teslas move comes as Indias flagship EV policy opens the door for global carmakers to manufacture and sell electric vehicles in the country While rivals like Mercedes Benz Volkswagen and Hyundai already have manufacturing operations in India and Hyundai aims to make India its global EV hub Tesla is taking a cautious sales driven approach Growing Indian Footprint This Kurla West lease is Teslas fourth major real estate deal in India following high profile leases in Pune Bengaluru and Mumbais BKC The new service centre is strategically located within 10 km of Teslas other Mumbai facilities ensuring seamless support for customers in the financial capital

Tesla India leases ₹25 crore service centre in Mumbai’s Kurla West, marking a major step in its sales-focused expansion and EV market entry.

Tesla Leases ₹25 Crore Mumbai Service Centre to Accelerate India Expansion

<p>A Bold Vision for Gurugram’s Skyline</p>
<p><a href="https://www.dlf.in/" target="_blank">DLF</a>, India’s largest real estate developer by market capitalisation, is making a bold statement in Gurugram with a <b>₹5,500 crore</b> investment in its latest luxury housing project—Privana North. Located in Sectors 76 and 77, this 18-acre development is set to feature over 1,150 premium apartments, forming the third phase of the expansive 116-acre Privana township. The project is poised to redefine luxury living in the National Capital Region, blending world-class design, sustainability, and a lifestyle tailored for discerning buyers.</p>
<h2>A Legacy of Record-Breaking Success</h2>
<p>DLF’s Privana township has already established itself as a benchmark for luxury and market performance. Last year, the company launched and completely sold out two major projects—Privana West and Privana South—for a combined <b>₹12,800 crore.</b> Privana West’s 795 apartments were sold for <b>₹5,590 crore</b> within three days of launch, while Privana South’s 1,113 luxury apartments fetched <b>₹7,200 crore</b> in a similar timeframe. This rapid sell-out trend underscores the robust demand for high-quality, branded residences in Gurugram.</p>
<h2>Driving Growth Through Luxury Innovation</h2>
<p>The upcoming Privana North project is a testament to DLF’s unwavering commitment to delivering innovative, luxury living experiences. With its spacious layouts, premium amenities, and strategic location, Privana North is expected to attract both domestic and international buyers, including NRIs. The company’s focus on creating large, well-designed communities has consistently set it apart in a competitive market.</p>
<h2>A Year of Unprecedented Growth</h2>
<p>DLF’s confidence is backed by record financial performance. In the 2024–25 fiscal, the company reported sales bookings worth <b>₹21,223 crore</b>—a 44% increase over the previous year—driven by strong demand for its luxury and super-luxury offerings. The Dahlias, DLF’s latest super-luxury project, generated <b>₹13,744 crore</b> in sales bookings alone, reflecting the appetite for exclusive, high-value properties in Gurugram.</p>
<h2>Strategic Expansion and Future Plans</h2>
<p>To maintain this momentum, DLF has set a sales bookings target of <b>₹20,000–22,000 crore</b> for the current fiscal year. The company plans to launch housing properties worth more than <b>₹17,000 crore</b>, leveraging its strong pipeline of projects and diversified portfolio. Privana North is expected to be launched in the current quarter, with the company confident of replicating the success of its previous launches.</p>
<h2>Financial Resilience and Shareholder Value</h2>
<p>DLF’s robust performance is reflected in its financials. Net profit surged to <b>₹4,366.82 crore</b> in FY25, up from <b>₹2,723.53 crore</b> the previous year, while total income rose to <b>₹8,995.89 crore</b> from <b>₹6,958.34 crore</b>. The company’s board has recommended a dividend of ₹6 per equity share, underscoring its commitment to delivering value to shareholders.</p>
<h2>A Vision for the Future</h2>
<p>With Privana North, DLF continues to set new benchmarks in luxury real estate, combining architectural excellence, sustainability, and customer-centric design. As Gurugram cements its position as a magnet for premium residential investment, DLF’s projects stand as beacons of innovation and enduring value, shaping the future of urban living in India.</p>

A Bold Vision for Gurugram’s Skyline DLF India’s largest real estate developer by market capitalisation is making a bold statement in Gurugram with a 52500 crore investment in its latest luxury housing project Privana North Located in Sectors 76 and 77 this 18acre development is set to feature over 1150 premium apartments forming the third phase of the expansive 116acre Privana township The project is poised to redefine luxury living in the National Capital Region blending worldclass design sustainability and a lifestyle tailored for discerning buyers A Legacy of RecordBreaking Success DLFs Privana township has already established itself as a benchmark for luxury and market performance Last year the company launched and completely sold out two major projects Privana West and Privana South for a combined 12800 crore Privana Wests 795 apartments were sold for 5590 crore within three days of launch while Privana Souths 1113 luxury apartments fetched 7200 crore in a similar timeframe This rapid sellout trend underscores the robust demand for highquality branded residences in Gurugram Driving Growth Through Luxury Innovation The upcoming Privana North project is a testament to DLFs unwavering commitment to delivering innovative luxury living experiences With its spacious layouts premium amenities and strategic location Privana North is expected to attract both domestic and international buyers including NRIs The company’s focus on creating large welldesigned communities has consistently set it apart in a competitive market A Year of Unprecedented Growth DLFs confidence is backed by record financial performance In the 202425 fiscal the company reported sales bookings worth 21223 crore a 44 increase over the previous year driven by strong demand for its luxury and superluxury offerings The Dahlias DLFs latest superluxury project generated 13744 crore in sales bookings alone reflecting the appetite for exclusive highvalue properties in Gurugram Strategic Expansion and Future Plans To maintain this momentum DLF has set a sales bookings target of 2000022000 crore for the current fiscal year The company plans to launch housing properties worth more than 17000 crore leveraging its strong pipeline of projects and diversified portfolio Privana North is expected to be launched in the current quarter with the company confident of replicating the success of its previous launches Financial Resilience and Shareholder Value DLFs robust performance is reflected in its financials Net profit surged to 436682 crore in FY25 up from 272353 crore the previous year while total income rose to 899589 crore from 695834 crore The company’s board has recommended a dividend of 6 per equity share underscoring its commitment to delivering value to shareholders A Vision for the Future With Privana North DLF continues to set new benchmarks in luxury real estate combining architectural excellence sustainability and customercentric design As Gurugram cements its position as a magnet for premium residential investment DLFs projects stand as beacons of innovation and enduring value shaping the future of urban living in India

DLF invests ₹5,500 crore in Privana North, Gurugram’s new luxury project, following record sales and robust demand for premium homes.

DLF Unveils Privana North: Gurugram’s New Luxury Landmark

<p>A Tale of Two Cities: Luxury vs. Volume</p>
<p>While Mumbai’s skyline is occasionally lit up by headline-grabbing luxury apartment deals in South Mumbai—each worth hundreds of crores—the true pulse of the city’s real estate market beats strongest in the western suburbs. The Jogeshwari-Borivli belt has emerged as the epicenter of Mumbai’s property boom, outpacing all other regions in both project activity and sales volume during 2024–25.</p>
<h2>Unprecedented Growth in the Western Suburbs</h2>
<p>In the last financial year, the Jogeshwari-Borivli belt witnessed a historic surge, with 879 projects executed by 588 builders. These developments resulted in flat sales worth over <b>₹40,000 crore</b>—the highest in Greater Mumbai. This remarkable performance was driven by 18,319 units sold, marking a 39% increase from the previous year. The region’s appeal lies in its blend of affordability, connectivity, and modern amenities, making it a magnet for first-time buyers and families alike.</p>
<h2>South Mumbai: The Realm of Ultra-Luxury</h2>
<p>In stark contrast, the Colaba to Worli belt—often regarded as India’s most expensive real estate corridor—saw sales of around <b>₹22,500 crore</b>, with just 169 projects. Here, the per square foot rate soared to ₹1.80 lakh, the highest in the city. This micro-market is home to the greatest concentration of ultra-expensive apartments, with 1,199 units priced above <b>₹20 crore</b>, while the Jogeshwari-Borivli belt had none in this category.</p>
<h2>Mumbai’s Market in Numbers</h2>
<p>A comprehensive study by <a href="https://timesofindia.indiatimes.com/" target="_blank">TOI</a> and <a href="https://www.liasesforas.com/" target="_blank">Liases Foras</a> analyzed data from 2,329 active projects marketed by 1,342 developers. The survey revealed that Mumbai’s real estate market recorded its highest-ever sales in 2024–25, with 49,191 units sold worth <b>₹1,24,138 crore</b>—a 26% growth over the previous fiscal year. The median property price stood at ₹27,500 per square foot, up 6% year-on-year, with prices ranging from ₹13,300 to ₹1,80,000 across micro-markets.</p>
<h2>Inventory and Affordability: A Balancing Act</h2>
<p>Despite robust sales, Mumbai’s unsold inventory remains significant, with 84,197 units valued at <b>₹2,57,383 crore</b>. However, this represents an 11% decline from the previous year, and the inventory overhang has improved dramatically to 20 months, down from a peak of 60 months in 2016–17. Approximately 39% of unsold units are priced between ₹1 crore and ₹2 crore, while 30% fall in the ₹2 crore to ₹5 crore bracket. Only 10% of unsold stock is priced above ₹5 crore, with about 1,400 units exceeding ₹20 crore.</p>
<h2>Supply and Demand Dynamics</h2>
<p>On the supply side, 40,306 new units were launched in 2024–25, a modest 1% increase over the previous year. The western suburbs, especially Jogeshwari to Borivli, led the charge in activity. Meanwhile, the central suburbs saw 714 projects contribute to 18,082 unit sales, an 18% increase, with the lowest inventory overhang of just 16 months.</p>
<h2>What’s Driving the Surge?</h2>
<p>The surge in sales can be attributed to muted price growth over the long term, making Mumbai’s real estate more accessible to end-users. According to Liases Foras’ House Price Index, property prices in Mumbai have grown at a modest CAGR of 4.96% over the past 16 years, with 72% of appreciation occurring between 2008–09 and 2012–13. The past 11 years have seen only a 45% cumulative rise, signaling a period of price stagnation and market correction. This price efficiency has drawn end-users back into the market, fueling an unprecedented rally.</p>
<h2>A Vision for the Future</h2>
<p>Mumbai’s real estate market is at a crossroads, balancing the allure of ultra-luxury in the south with the vibrancy and volume of the western suburbs. As affordability and infrastructure improvements continue to shape buyer preferences, the Jogeshwari-Borivli belt stands as a testament to the city’s enduring dynamism and its ability to reinvent itself for a new generation of homebuyers.</p>

A Tale of Two Cities Luxury vs Volume While Mumbais skyline is occasionally lit up by headlinegrabbing luxury apartment deals in South Mumbaieach worth hundreds of crores the true pulse of the citys real estate market beats strongest in the western suburbs The JogeshwariBorivli belt has emerged as the epicenter of Mumbais property boom outpacing all other regions in both project activity and sales volume during 202425 Unprecedented Growth in the Western Suburbs In the last financial year the JogeshwariBorivli belt witnessed a historic surge with 879 projects executed by 588 builders These developments resulted in flat sales worth over 40000 crore the highest in Greater Mumbai This remarkable performance was driven by 18319 units sold marking a 39 increase from the previous year The regions appeal lies in its blend of affordability connectivity and modern amenities making it a magnet for firsttime buyers and families alike South Mumbai The Realm of UltraLuxury In stark contrast the Colaba to Worli beltoften regarded as Indias most expensive real estate corridorsaw sales of around 22500 crore with just 169 projects Here the per square foot rate soared to 180000 the highest in the city This micromarket is home to the greatest concentration of ultraexpensive apartments with 1199 units priced above 20 crore while the JogeshwariBorivli belt had none in this category Mumbais Market in Numbers A comprehensive study by TOI and Liases Foras analyzed data from 2329 active projects marketed by 1342 developers The survey revealed that Mumbais real estate market recorded its highestever sales in 202425 with 49191 units sold worth 124138 crore a 26 growth over the previous fiscal year The median property price stood at 27500 per square foot up 6 yearonyear with prices ranging from 13300 to 180000 across micromarkets Inventory and Affordability A Balancing Act Despite robust sales Mumbais unsold inventory remains significant with 84197 units valued at 257383 crore However this represents an 11 decline from the previous year and the inventory overhang has improved dramatically to 20 months down from a peak of 60 months in 201617 Approximately 39 of unsold units are priced between 1 crore and 2 crore while 30 fall in the 2 crore to 5 crore bracket Only 10 of unsold stock is priced above 5 crore with about 1400 units exceeding 20 crore Supply and Demand Dynamics On the supply side 40306 new units were launched in 202425 a modest 1 increase over the previous year The western suburbs especially Jogeshwari to Borivli led the charge in activity Meanwhile the central suburbs saw 714 projects contribute to 18082 unit sales an 18 increase with the lowest inventory overhang of just 16 months Whats Driving the Surge The surge in sales can be attributed to muted price growth over the long term making Mumbais real estate more accessible to endusers According to Liases Foras House Price Index property prices in Mumbai have grown at a modest CAGR of 496 over the past 16 years with 72 of appreciation occurring between 200809 and 201213 The past 11 years have seen only a 45 cumulative rise signaling a period of price stagnation and market correction This price efficiency has drawn endusers back into the market fueling an unprecedented rally A Vision for the Future Mumbais real estate market is at a crossroads balancing the allure of ultraluxury in the south with the vibrancy and volume of the western suburbs As affordability and infrastructure improvements continue to shape buyer preferences the JogeshwariBorivli belt stands as a testament to the citys enduring dynamism and its ability to reinvent itself for a new generation of homebuyers

Jogeshwari-Borivli belt leads Mumbai’s real estate with record sales, outpacing South Mumbai’s luxury market in volume and growth.

Jogeshwari-Borivli Belt: Mumbai’s Real Estate Boom Zone

<p>Pioneering Corporate Innovation and Sustainable Growth</p>
<p><a href="https://www.rspdevelopers.com/" target="_blank">RSP Developers</a> is charting a bold new course for India’s corporate infrastructure with a strategic investment of <b>₹600 crore</b> in built-to-suit (BTS) and institutional spaces in Gurugram. This visionary initiative is designed to empower both Indian and international firms, offering end-to-end real estate solutions for state-of-the-art training and R&D facilities across the nation.</p>
<h2>Creating New Asset Value and Expanding Horizons</h2>
<p>With this ambitious investment over the next 2–3 years, RSP Developers aims to generate over <b>₹1,000 crore</b> in new asset value. <b>Satya Priya Yadav</b>, Co-Founder and Group CEO, emphasized the company’s commitment to supporting the growth of training and R&D hubs, reflecting a deep understanding of the evolving demands of corporate real estate.</p>
<h2>Expertise Rooted in Experience and Innovation</h2>
<p>RSP Developers boasts a robust portfolio exceeding <b>₹2,000 crore</b> in delivered projects and an active development pipeline spanning over 1.5 million square feet across strategic locations. The company is well-positioned to capitalize on emerging trends, including the rising demand for biophilic environments, privacy, recharge zones, and collaborative spaces within modern offices.</p>
<h2>Tailored Solutions for Global Clients</h2>
<p>With extensive experience in BTS customized spaces, RSP Developers is uniquely equipped to meet the specific and unique requirements of global clients. The company’s commitment to quality and innovation ensures that every project not only meets but exceeds expectations, reinforcing its reputation as a trusted partner in the industry.</p>
<h2>A Legacy of Excellence Since 1996</h2>
<p>Since its founding in 1996, RSP Developers has emerged as a major player in the BTS and institutional real estate sector. Its nearly 12-acre state-of-the-art hub, dedicated exclusively to corporate innovation, R&D, and training, is now leased by prestigious tenants such as the <a href="https://www.bmwgroup.com/en.html" target="_blank">BMW Group</a> and <a href="https://www.airindia.com/" target="_blank">Air India</a>, creating a world-class training environment.</p>
<h2>Future-Focused Developments</h2>
<p>Looking ahead, RSP Developers will focus on a diverse range of projects, including R&D and training hubs in the NCR region, wellness-oriented campuses with low-density and green architecture, student accommodations for the new generation of urban learners, innovation labs, co-learning zones, EV-ready infrastructure, and net-zero campuses.</p>
<h2>Commitment to Sustainability</h2>
<p>In alignment with its sustainability-first ethos, RSP Developers is advancing renewable energy initiatives, including a 10 MW solar power project in Haryana, scalable to 50 MW. Sustainability is embedded at every stage of design and delivery, underscoring the company’s dedication to responsible development.</p>

Pioneering Corporate Innovation and Sustainable Growth RSP Developers is charting a bold new course for Indias corporate infrastructure with a strategic investment of ₹600 crore in built to suit BTS and institutional spaces in Gurugram This visionary initiative is designed to empower both Indian and international firms offering end to end real estate solutions for state of the art training and R&D facilities across the nation Creating New Asset Value and Expanding Horizons With this ambitious investment over the next 23 years RSP Developers aims to generate over ₹1000 crore in new asset value Satya Priya Yadav CoFounder and Group CEO emphasized the companys commitment to supporting the growth of training and R&D hubs reflecting a deep understanding of the evolving demands of corporate real estate Expertise Rooted in Experience and Innovation RSP Developers boasts a robust portfolio exceeding ₹2000 crore in delivered projects and an active development pipeline spanning over 15 million square feet across strategic locations The company is well positioned to capitalize on emerging trends including the rising demand for biophilic environments privacy recharge zones and collaborative spaces within modern offices Tailored Solutions for Global Clients With extensive experience in BTS customized spaces RSP Developers is uniquely equipped to meet the specific and unique requirements of global clients The companys commitment to quality and innovation ensures that every project not only meets but exceeds expectations reinforcing its reputation as a trusted partner in the industry A Legacy of Excellence Since 1996 Since its founding in 1996 RSP Developers has emerged as a major player in the BTS and institutional real estate sector Its nearly 12 acre state of the art hub dedicated exclusively to corporate innovation R&D and training is now leased by prestigious tenants such as the BMW Group and Air India creating a world class training environment Future Focused Developments Looking ahead RSP Developers will focus on a diverse range of projects including R&D and training hubs in the NCR region wellness oriented campuses with low density and green architecture student accommodations for the new generation of urban learners innovation labs co learning zones EV ready infrastructure and net zero campuses Commitment to Sustainability In alignment with its sustainability first ethos RSP Developers is advancing renewable energy initiatives including a 10 MW solar power project in Haryana scalable to 50 MW Sustainability is embedded at every stage of design and delivery underscoring the companys dedication to responsible development

RSP Developers invests ₹600 crore in Gurugram’s BTS and institutional space, boosting corporate innovation and sustainability.

Tesla Leases ₹25 Crore Mumbai Service Centre to Accelerate India Expansion

Strategic Mumbai Presence

Sales-First Approach

Policy Landscape and Global Competition

Growing Indian Footprint

Read More

DLF Unveils Privana North: Gurugram’s New Luxury Landmark

Jogeshwari-Borivli Belt: Mumbai’s Real Estate Boom Zone

RSP Developers: Gurugram’s BTS and Institutional Space Vision

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