Fashion designer Sandeep Khosla buys apartment in Mumbai
Real Estate

Fashion designer Sandeep Khosla buys apartment in Mumbai

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

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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?