Director at Mankind Pharma sells Rs 910 million Vasant Vihar bungalow
Real Estate

Director at Mankind Pharma sells Rs 910 million Vasant Vihar bungalow

Poonam Juneja, who holds the position of Director at Mankind Pharma and is the wife of Ramesh Juneja, the Chairman of the company, has recently made the sale of a bungalow located in Vasant Vihar, Delhi, for a sum of Rs 91 crore.

The property has been purchased by Dhruv Malhotra, Dakhsh Malhotra, and Ranjana Malhotra from Everest Pressure & Vacuum Systems.

In order to finalise the transaction, the Malhotra family paid Rs 4.85 crore as stamp duty for the property measuring 1200 square yards.

Mankind Pharma has recently entered and has successfully launched its Initial Public Offering (IPO).

Allegations of tax evasion have led to the Income Tax department conducting searches at the premises of Mankind Pharma.

Moreover, the Income Tax department has initiated searches at the premises of Mankind Pharma based on allegations of tax evasion.

Christie's International Real Estate, which recently entered the Indian market by establishing an affiliation with Himmat & Rohini Singh LLP in New Delhi, played a facilitating role in the transaction.

However, when asked for a comment regarding the deal, Christie's International Real Estate declined to disclose any information.

Also read:
Realty boom in Telangana hits a pause
Indian REITs drive growth in commercial real estate market


Poonam Juneja, who holds the position of Director at Mankind Pharma and is the wife of Ramesh Juneja, the Chairman of the company, has recently made the sale of a bungalow located in Vasant Vihar, Delhi, for a sum of Rs 91 crore. The property has been purchased by Dhruv Malhotra, Dakhsh Malhotra, and Ranjana Malhotra from Everest Pressure & Vacuum Systems. In order to finalise the transaction, the Malhotra family paid Rs 4.85 crore as stamp duty for the property measuring 1200 square yards. Mankind Pharma has recently entered and has successfully launched its Initial Public Offering (IPO). Allegations of tax evasion have led to the Income Tax department conducting searches at the premises of Mankind Pharma. Moreover, the Income Tax department has initiated searches at the premises of Mankind Pharma based on allegations of tax evasion. Christie's International Real Estate, which recently entered the Indian market by establishing an affiliation with Himmat & Rohini Singh LLP in New Delhi, played a facilitating role in the transaction. However, when asked for a comment regarding the deal, Christie's International Real Estate declined to disclose any information. Also read: Realty boom in Telangana hits a pause Indian REITs drive growth in commercial real estate market

Related Stories

Gold Stories

Next Story
Infrastructure Energy

KPIL announces new business wins worth Rs 22.25 bn

Kalpataru Projects International (KPIL) has secured new orders and a letter of comfort worth approximately Rs 20.31 billion in its power transmission and distribution (T&D) business across India and international markets. Additionally, its Swedish subsidiary, Linjemontage i Grästorp AB, has received an order worth approximately Rs 1.94 billion (SEK 200 million), taking the combined order value to Rs 22.25 billion.Commenting on the order wins, Manish Mohnot, Managing Director and CEO, KPIL, said the new orders reflect customer confidence in the company's execution capabilities and technical ex..

Next Story
Infrastructure Transport

Tiruchi Airport Handles over 20 t of Domestic Cargo in a Month

Tiruchi International Airport has handled more than 20 t of inbound and outbound domestic cargo since the facility was launched in late August. Outbound shipments have exceeded inbound volumes, with private carriers transporting goods to Chennai, Delhi, Bengaluru and Mumbai. The domestic cargo service began after the Bureau of Civil Aviation Security (BCAS), an independent department under the Ministry of Civil Aviation, granted clearance. The facility was introduced to give local businesses a faster route for sending goods to major domestic hubs, reducing their reliance on cargo routed throug..

Next Story
Infrastructure Urban

Gabriel India Forms Joint Venture with Forvia for Advanced Seating

Gabriel India, part of the US$2.6 bn Anand Group, has formed a joint venture with France-based Forvia to bring advanced seating systems and technologies to the Indian automotive market. The partnership expands Gabriel India’s participation in vehicle systems as automotive architectures become more sophisticated and customer requirements evolve. The joint venture, named Faurecia Anand Seating India, combines Forvia’s global seating technology expertise with Gabriel India’s manufacturing capabilities, customer relationships and understanding of the Indian automotive market. Forvia will hol..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code