+
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 Urban

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors.To read full article Click Here ..

Next Story
Real Estate

Glass, Reframed!

Glass façades, quintessential aesthetic building envelopes globally, have been widely adopted in India as well. But when the focus is high-performance building systems that deliver energy efficiency, comfort and architectural identity, glass isn’t the only preference. Combination solutions, involving glass and some other material, improve façade outcomes. Some combinations come at comparable prices, some at a higher price. Here is a selection of performance-oriented solutions...To read the full story Click Here ..

Next Story
Infrastructure Urban

Beyond Building Faster

India’s cities are expanding at an unprecedented pace, bringing new infrastructure and development opportunities while also intensifying challenges around mobility, public spaces, liveability and supporting infrastructure. The question, therefore, is not simply whether India can build faster, but whether it can build cities that work better.At a CW webinar, Are We Designing Better Cities – or Just Building Faster?, moderator Ar. Samir Shaikh, Founding Principal, AR&UD Studio, brought together perspectives from design, development, master planning and technology...To read the full artic..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code