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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement