Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billion
Real Estate

Macleods Pharmaceuticals' purchases Juhu property for Rs 3.32 billion

In two separate deals, Agarwal Holdings, a group business of pharmaceutical manufacturing firm Macleods Pharmaceuticals, paid Rs 3.32 billion for a nearly two-acre land parcel and a building constructed on it in Mumbai's affluent Juhu neighbourhood.

Agarwal Holdings has now purchased a second property in Juhu. The business purchased a bungalow in this neighbourhood, which is filled with bungalows and homes owned by Bollywood celebrities and industrialists, last year. For this property, which is spread out over roughly 10,000 square feet, the company paid close to Rs 85o million.

The company's most recent acquisition consists of a 1.72 acre land piece with a building that is over 4,305 square feet on it. Since its incorporation in December 2020, Agarwal Holdings has acquired two properties in Juhu totaling more than Rs 4.17 billion.

Also read:
Sunteck Realty inks pact for 2.5 million sq ft project in Mira Road
Central Vista to be unveiled by PM Modi


The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

In two separate deals, Agarwal Holdings, a group business of pharmaceutical manufacturing firm Macleods Pharmaceuticals, paid Rs 3.32 billion for a nearly two-acre land parcel and a building constructed on it in Mumbai's affluent Juhu neighbourhood. Agarwal Holdings has now purchased a second property in Juhu. The business purchased a bungalow in this neighbourhood, which is filled with bungalows and homes owned by Bollywood celebrities and industrialists, last year. For this property, which is spread out over roughly 10,000 square feet, the company paid close to Rs 85o million. The company's most recent acquisition consists of a 1.72 acre land piece with a building that is over 4,305 square feet on it. Since its incorporation in December 2020, Agarwal Holdings has acquired two properties in Juhu totaling more than Rs 4.17 billion. Also read: Sunteck Realty inks pact for 2.5 million sq ft project in Mira Road Central Vista to be unveiled by PM Modi

Next Story
Real Estate

Singapore's CapitaLand Plans Major India Expansion

CapitaLand Investment Limited (CLI), one of Singapore's largest real estate investment managers, has announced plans to significantly expand its investments in India. The company aims to more than double its India portfolio by 2028, signaling its confidence in the country?s burgeoning real estate market. Current Portfolio and Growth Target: CLI currently manages assets worth USD 3.3 billion in India. With its sights set on future growth, the company is targeting a dramatic increase in its India investment kitty to over USD 7 billion by 2028. This move comes as part of a broader strategy to ca..

Next Story
Infrastructure Transport

Air India MRO Facility Key Hub

Air India has launched a state-of-the-art Maintenance, Repair, and Overhaul (MRO) facility at Bengaluru Airport City, establishing a crucial hub for aircraft servicing in India?s burgeoning aviation sector. This new MRO facility aims to enhance Air India?s operational capabilities, improve turnaround times for aircraft maintenance, and reduce reliance on overseas servicing. Strategic Importance of Bengaluru: The facility, located at the Kempegowda International Airport (KIA) in Bengaluru, is strategically positioned to serve as a critical aviation hub. Bengaluru is a key center for both domest..

Next Story
Infrastructure Transport

BMC Notifies Properties for Water Tunnel

The Brihanmumbai Municipal Corporation (BMC) has initiated a crucial step in Mumbai's infrastructure development by notifying several properties for its ambitious underground water tunnel project. This project aims to bolster the city's water supply system, ensuring a more reliable and efficient distribution network. Project Overview: The underground water tunnel project is designed to address Mumbai's increasing demand for water by creating a robust network of tunnels deep below the surface. This tunnel system will transport water from reservoirs directly to various parts of the city, signif..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000