Agarwal Holdings Acquires Rs 4.55 billion Juhu Land Parcel

11 Dec 2024 CW Team

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)

Infrastructure Urban

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