Fashion designer Sandeep Khosla buys apartment in Mumbai

18 Apr 2023 CW Team

Sandeep Khosla, co-owner of the label Abu Jani and Sandeep Khosla, has paid more than Rs 25.75 crore for a luxury flat in Mumbai's plush Juhu neighborhood's premium residential project Rustomjee Elements. The stamp duty on the flat in the C wing of the ready-to-move development off Juhu Versova Link Road was more than Rs 1.54 crore.

The gated community of 173 residences is spread across 3 acres. On March 20, the designer completed and registered the transaction, as evidenced by the documents accessed via Zapkey.com. Following the announcement in the Union Budget 2023-24 to limit the deduction from capital gains on investment in residential property to Rs 10 crore from April 1, the sale of luxury properties increased significantly in February and March.

ABSA Fashions, the designer duo's company, recently signed a five-year lease for a total of 18 floors of office space in Mumbai's western suburb Goregaon. The company will pay more than Rs 60 crore in rent for this office space spread across more than 102,000 square feet over the lease term, excluding escalation.

According to the agreement, the rent will increase by 12% after the first 36 months. Abu Jani and Sandeep Khosla are among the iconic names in the Indian fashion industry with clientele in influential circles of industrialists to leading Bollywood personalities. In April 2022, Reliance Brands entered into a definitive agreement to acquire 51% stake in their designer label.

Also Read
G7 Nations pledge to produce carbon-free electricity by 2035
K'taka to permit recurring energy banking for renewable energy projects

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..