KKR India CEO acquires luxury apartment in Mumbai for Rs 880 million
Real Estate

KKR India CEO acquires luxury apartment in Mumbai for Rs 880 million

Gaurav Trehan, CEO, KKR India, has purchased a luxurious sea-view apartment in Morena House on South Mumbai’s upscale Carmichael Road for nearly Rs 880 million from JSW Realty, the real estate arm of JSW Group. The property, covering 5,381 sq. ft. of carpet area, is priced at approximately Rs 163,000 per sq. ft., marking one of the most expensive residential deals in India.

Trehan, who also serves as Co-Head of KKR Asia Pacific and Head of Asia Pacific Private Equity, paid Rs 52.6 million in stamp duty for the registration. The transaction, finalised on October 18, includes exclusive access to four parking spaces, a balcony, and a 434 sq. ft. deck area, according to data from realty analytics firm Zapkey.com.

The Morena House project, developed by Windsor Residency under JSW Realty, is situated on a plot previously home to the Belgian Consulate, acquired by JSW in 2008.

The deal underscores sustained demand for high-end real estate in Mumbai, where premium properties in prime locations continue to attract affluent buyers. Residential sales across India’s top eight cities reached record highs in 2023 and remain strong in 2024, particularly in the luxury segment. Mumbai, the nation’s most expensive real estate market, has seen a surge in property registrations, maintaining year-over-year growth for 15 months since August 2023, with over 10,000 registrations recorded each month in 2024’s first ten months. (ET)

Gaurav Trehan, CEO, KKR India, has purchased a luxurious sea-view apartment in Morena House on South Mumbai’s upscale Carmichael Road for nearly Rs 880 million from JSW Realty, the real estate arm of JSW Group. The property, covering 5,381 sq. ft. of carpet area, is priced at approximately Rs 163,000 per sq. ft., marking one of the most expensive residential deals in India. Trehan, who also serves as Co-Head of KKR Asia Pacific and Head of Asia Pacific Private Equity, paid Rs 52.6 million in stamp duty for the registration. The transaction, finalised on October 18, includes exclusive access to four parking spaces, a balcony, and a 434 sq. ft. deck area, according to data from realty analytics firm Zapkey.com. The Morena House project, developed by Windsor Residency under JSW Realty, is situated on a plot previously home to the Belgian Consulate, acquired by JSW in 2008. The deal underscores sustained demand for high-end real estate in Mumbai, where premium properties in prime locations continue to attract affluent buyers. Residential sales across India’s top eight cities reached record highs in 2023 and remain strong in 2024, particularly in the luxury segment. Mumbai, the nation’s most expensive real estate market, has seen a surge in property registrations, maintaining year-over-year growth for 15 months since August 2023, with over 10,000 registrations recorded each month in 2024’s first ten months. (ET)

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?