+
BDR Pharma Chief's family acquires Mumbai Worli flats for Rs 810 mn
Real Estate

BDR Pharma Chief's family acquires Mumbai Worli flats for Rs 810 mn

BDR Pharmaceuticals? Chairman & Managing Director, Dharmesh Shah's family, has reportedly acquired two adjacent sea-view luxury apartments in Mumbai?s Worli locality at a total cost of nearly Rs 810 million. The apartments, situated on the 39th habitable floor of the super-luxury project Artesia, span a total of 6,670 sq ft carpet area with an additional 367 sq ft balcony space. The transaction has valued the apartments at over Rs 1.20 lakh per sq ft, positioning them among the most expensive property transactions in the country.

Both properties were purchased through two trusts, namely RDS Private Family Trust and BRD Square Private Family Trust, directly from the developer K Raheja Corp. Dharmesh Shah's wife, Binita, serves as the trustee for both trusts. According to the agreement, the buyer will also receive exclusive access to a total of seven car parking slots in the tower, as revealed by documents accessed through Zapkey.com. While one of the deals was officially registered on November 1, the registration for the second deal occurred two days later.

The super-premium residential tower, Raheja Artesia, occupies a 5-acre land parcel in Worli and has witnessed transactions at an average price of Rs 1.25 lakh per sq ft.

BDR Group companies, including BDR Pharmaceuticals International and BDR Life Sciences, are actively involved in Active Pharmaceutical Ingredient (APIs) and formulation manufacturing, respectively. Their focus is on development in four specialised therapeutic segments: oncology, critical care, gynaecology, and neurology.

Despite higher interest rates and escalating housing prices, Mumbai's property market, spanning luxury, premium, and mid-income segments, has consistently set new records over the last three years. The heightened activity in premium and mid-income housing segments has contributed to increased stamp duty collections, subsequently boosting the state exchequer?s revenue for several months.

BDR Pharmaceuticals? Chairman & Managing Director, Dharmesh Shah's family, has reportedly acquired two adjacent sea-view luxury apartments in Mumbai?s Worli locality at a total cost of nearly Rs 810 million. The apartments, situated on the 39th habitable floor of the super-luxury project Artesia, span a total of 6,670 sq ft carpet area with an additional 367 sq ft balcony space. The transaction has valued the apartments at over Rs 1.20 lakh per sq ft, positioning them among the most expensive property transactions in the country. Both properties were purchased through two trusts, namely RDS Private Family Trust and BRD Square Private Family Trust, directly from the developer K Raheja Corp. Dharmesh Shah's wife, Binita, serves as the trustee for both trusts. According to the agreement, the buyer will also receive exclusive access to a total of seven car parking slots in the tower, as revealed by documents accessed through Zapkey.com. While one of the deals was officially registered on November 1, the registration for the second deal occurred two days later. The super-premium residential tower, Raheja Artesia, occupies a 5-acre land parcel in Worli and has witnessed transactions at an average price of Rs 1.25 lakh per sq ft. BDR Group companies, including BDR Pharmaceuticals International and BDR Life Sciences, are actively involved in Active Pharmaceutical Ingredient (APIs) and formulation manufacturing, respectively. Their focus is on development in four specialised therapeutic segments: oncology, critical care, gynaecology, and neurology. Despite higher interest rates and escalating housing prices, Mumbai's property market, spanning luxury, premium, and mid-income segments, has consistently set new records over the last three years. The heightened activity in premium and mid-income housing segments has contributed to increased stamp duty collections, subsequently boosting the state exchequer?s revenue for several months.

Next Story
Infrastructure Urban

Epigral Posts Q1FY26 Revenue of Rs 6.15 Bn; PAT Surges to Rs 1.60 Bn

Epigral, India’s integrated chemical major, reported revenue of Rs 6.15 billion for the quarter ended June 30, 2025, compared to Rs 6.54 billion in Q1FY25—a 6 per cent year-on-year decline, driven by softer volumes and lower realisations. Despite this, the company maintained a stable EBITDA margin of 27 per cent, supported by efficiency gains and an improved product mix. EBITDA stood at Rs 1.63 billion, a 7 per cent dip over the previous year.Profit after tax (PAT) for the quarter stood at Rs 1.60 billion, benefiting from a Rs 810 million decrease in deferred tax liability. Excluding this,..

Next Story
Infrastructure Urban

GHV Infra Bags Rs 26.45 Bn UAE Contract for Smart Manufacturing Hub

GHV Infra Projects, a prominent player in EPC and turnkey infrastructure execution, has received a Letter of Award (LOA) from Rana Exim FZ-LLC for the development of industrial and commercial buildings at the Erisha Smart Manufacturing Hub, located in the Ras Al Khaimah Economic Zone (RAKEZ), UAE. Valued at approximately Rs 26.45 billion, the contract is expected to be completed within 24 months, excluding a 90-day setup and mobilization period.Commenting on the achievement, Jahid Vijapura, Group Chairman of GHV Group, stated, “As GHV Group, we continue to strive to 'Build Value' by taking u..

Next Story
Infrastructure Energy

Shakti Pumps Begins FY26 Strong with Solar, Export Momentum

Shakti Pumps (India) (SPIL) reported a robust performance for the quarter ended 30 June 2025, driven by steady execution in the solar pump segment, rising exports, and on-going investments in capacity expansion and technology.Chairman Dinesh Patidar expressed confidence in the company’s strategic direction, citing strong results in Q1 FY26 as a reflection of Shakti’s diversified business model. The company maintained its leadership in the PM-KUSUM scheme with an estimated 25 per cent market share across major agricultural states, including Maharashtra, Madhya Pradesh, Rajasthan, Haryana, P..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?