Agarwal Holdings Acquires Rs 4.55 billion Juhu Land Parcel
Real Estate

Agarwal Holdings Acquires Rs 4.55 billion Juhu Land Parcel

Agarwal Holdings Private Limited has acquired a prime land parcel in Mumbai's upscale Juhu locality for Rs 4.55 billion, as per Square Yards. The property was purchased from Shapoorji Pallonji Gwalior Private Limited, part of the Shapoorji Pallonji Group. Spanning approximately 1,819.90 square meters (19,589.22 square feet), the deal was finalised and registered in November 2024. The transaction incurred a stamp duty of Rs 273 million and registration charges of Rs 30,000. Anand Moorthy, Co-founder and CBO of Square Yards, noted Mumbai's enduring allure for commercial and residential investments. He highlighted that limited land availability and escalating property values continue to make key hubs like Juhu, Bandra-Kurla Complex (BKC), and other Western and Southern Mumbai locations highly desirable for luxury real estate and commercial ventures. Juhu's appeal as a premium residential destination is bolstered by its coastal charm, proximity to the international airport, luxury housing options, and robust social infrastructure. Its reputation as a celebrity haven adds to its exclusivity, with high-net-worth individuals drawn to its proximity to Juhu Beach and upscale amenities. Agarwal Holdings Private Limited, founded on December 11, 2020, operates as a private entity supporting financial institutions through auxiliary financial services. Registered with the Registrar of Companies in Mumbai, the company specialises in providing essential support to banks, investment firms, and insurance companies. (FreePressJournal)

Agarwal Holdings Private Limited has acquired a prime land parcel in Mumbai's upscale Juhu locality for Rs 4.55 billion, as per Square Yards. The property was purchased from Shapoorji Pallonji Gwalior Private Limited, part of the Shapoorji Pallonji Group. Spanning approximately 1,819.90 square meters (19,589.22 square feet), the deal was finalised and registered in November 2024. The transaction incurred a stamp duty of Rs 273 million and registration charges of Rs 30,000. Anand Moorthy, Co-founder and CBO of Square Yards, noted Mumbai's enduring allure for commercial and residential investments. He highlighted that limited land availability and escalating property values continue to make key hubs like Juhu, Bandra-Kurla Complex (BKC), and other Western and Southern Mumbai locations highly desirable for luxury real estate and commercial ventures. Juhu's appeal as a premium residential destination is bolstered by its coastal charm, proximity to the international airport, luxury housing options, and robust social infrastructure. Its reputation as a celebrity haven adds to its exclusivity, with high-net-worth individuals drawn to its proximity to Juhu Beach and upscale amenities. Agarwal Holdings Private Limited, founded on December 11, 2020, operates as a private entity supporting financial institutions through auxiliary financial services. Registered with the Registrar of Companies in Mumbai, the company specialises in providing essential support to banks, investment firms, and insurance companies. (FreePressJournal)

Next Story
Infrastructure Energy

Mizoram To Build Rs 139 Billion Pumped Storage Power Plant

Mizoram Chief Minister Lalduhoma on Friday announced plans to construct a 2,400 MW pumped storage hydroelectric power plant in Hnahthial district, marking a major step towards achieving energy self-sufficiency in the state. Addressing the Mizo Students’ Union general conference in Hnahthial town, the Chief Minister said the plant would be developed across the Darzo Nallah, a tributary of the Tuipui river. Once operational, the project is expected to play a pivotal role in meeting Mizoram’s rising electricity demand and reducing dependence on imported power. Officials from the State Power..

Next Story
Infrastructure Energy

Centre Plans Nationwide Opening Of Power Retail Market

India is preparing to open up its retail electricity market to private companies nationwide, effectively ending the long-standing monopoly of state-run power distributors in most regions, according to a draft bill released by the Union Power Ministry on Friday. The move will enable major private sector players — including Adani Enterprises, Tata Power, Torrent Power, and CESC — to expand their presence across the country’s electricity distribution landscape. A similar reform attempt in 2022 had faced strong opposition from state-run distribution companies (discoms), which currently dom..

Next Story
Infrastructure Energy

CEA Sets 100 GW Nuclear Target For India By 2047

In a landmark step marking its 52nd Foundation Day, the Central Electricity Authority (CEA) unveiled an ambitious roadmap to develop 100 gigawatts (GW) of nuclear power capacity by 2047, aligning with India’s long-term Net-Zero commitment and energy security objectives. The event, held at the Central Water Commission auditorium in New Delhi’s R.K. Puram, was attended by Pankaj Agarwal, Secretary, Ministry of Power, who served as the Chief Guest. The roadmap sets out a detailed plan to expand India’s nuclear capacity from its current level of approximately 8,180 MW as of early 2025, outl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?