Agarwal Holding brothers acquire Juhu land for Rs 1.01 billion
Real Estate

Agarwal Holding brothers acquire Juhu land for Rs 1.01 billion

Macleods Pharma promoters Girdharilal Bawri, Banwarilal Bawri and Rajendra Agarwal, together acquire one-sixth of an acre of land in the plush Juhu area of Mumbai for Rs 1.01 billion.

Agarwal Holdings has lately dotted with residences of high-profile entities, such as Bollywood personalities and industrialists.

Juhu is a Mumbai area known for housing Bollywood actors and corporates. Recently, Vicky Kaushal, Katrina Kaif, Virat Kohli, and Anushka Sharma shifted to Juhu. The demand for land parcels in key property markets of Mumbai, Pune, Chennai, Hyderabad, and Bangalore has increased, driven by the sustained recovery in the housing market.

This is the third joint purchase by the brothers. They also have a 999-year land lease, which started in 1962, where they built a bungalow over 3,604 sq ft with a 1,084 sq ft terrace. Since December 2020, Agarwal Holdings brothers have acquired three properties worth over Rs 51.8 billion in Juhu.

The accessed documents showed that the buyers paid Rs 60.6 million solely for the stamp duty during the registration of the deal on 20 February 2024.

Macleods Pharmaceuticals develops, manufactures, and markets formulations in therapeutic areas, including anti-infectives, cardiovascular, anti-diabetic, dermatology, and hormone treatment. It has eight manufacturing units in India and a presence in over ten countries. Founded in 1986 by three brothers, it's among the richest families in the country.

Macleods Pharma promoters Girdharilal Bawri, Banwarilal Bawri and Rajendra Agarwal, together acquire one-sixth of an acre of land in the plush Juhu area of Mumbai for Rs 1.01 billion. Agarwal Holdings has lately dotted with residences of high-profile entities, such as Bollywood personalities and industrialists. Juhu is a Mumbai area known for housing Bollywood actors and corporates. Recently, Vicky Kaushal, Katrina Kaif, Virat Kohli, and Anushka Sharma shifted to Juhu. The demand for land parcels in key property markets of Mumbai, Pune, Chennai, Hyderabad, and Bangalore has increased, driven by the sustained recovery in the housing market. This is the third joint purchase by the brothers. They also have a 999-year land lease, which started in 1962, where they built a bungalow over 3,604 sq ft with a 1,084 sq ft terrace. Since December 2020, Agarwal Holdings brothers have acquired three properties worth over Rs 51.8 billion in Juhu. The accessed documents showed that the buyers paid Rs 60.6 million solely for the stamp duty during the registration of the deal on 20 February 2024. Macleods Pharmaceuticals develops, manufactures, and markets formulations in therapeutic areas, including anti-infectives, cardiovascular, anti-diabetic, dermatology, and hormone treatment. It has eight manufacturing units in India and a presence in over ten countries. Founded in 1986 by three brothers, it's among the richest families in the country.

Next Story
Infrastructure Urban

Cabinet Clears Rs 16 Billion Irrigation Upgrade Scheme

In a significant step towards enhancing water use efficiency in agriculture, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the Modernization of Command Area Development and Water Management (M-CADWM) as a sub-scheme of the Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) for 2025–26. The scheme has received an initial outlay of Rs 16 billion. The M-CADWM aims to modernize irrigation infrastructure by facilitating pressurized underground piped irrigation systems from existing canals or other sources directly to farms up to 1 hectare. This upgrade will serve as a backen..

Next Story
Infrastructure Urban

EPFO Launches Face Authentication for Instant UAN via UMANG

In a significant digital push, the Employees’ Provident Fund Organisation (EPFO) has enabled Universal Account Number (UAN) generation and activation through Aadhaar-based Face Authentication Technology (FAT) on the UMANG mobile app. This step, under the Ministry of Labour and Employment, aims to simplify and digitise the UAN process for crores of Indian employees, ensuring real-time, error-free onboarding into the EPFO system. Digital Breakthrough for UAN Access Traditionally, UANs were generated by employers, often marred by data entry errors in names, mobile numbers, and birth dates. Th..

Next Story
Infrastructure Urban

India Launches First Panchayat Development Index

In a landmark step towards evidence-based rural development, the Ministry of Panchayati Raj has unveiled the first-ever Panchayat Advancement Index (PAI) baseline report for FY 2022-23. This tool, grounded in Sustainable Development Goals (SDGs), assesses the performance of over 2.5 lakh Gram Panchayats (GPs) across India, offering an unprecedented view of the nation's grassroots governance. The PAI maps each Panchayat’s progress across nine themes under Localized SDGs, including poverty alleviation, infrastructure, water sufficiency, child welfare, and women empowerment. With data from 2,1..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?