Marico MD buys luxury apartment in Mumbai?s Worli for Rs 364 million

12 Aug 2024 CW Team

Saugata Gupta, Managing Director and CEO, Marico, has acquired a luxury apartment in Mumbai?s upscale Worli neighborhood for Rs 364 million. The apartment, spanning nearly 4,372 sq ft, is situated on the 24th floor of a high-end residential project. Gupta and his wife, banker Reema Sen, are co-owners of the property. The purchase values the apartment at Rs 83,264 per sq ft and includes five exclusive car parking slots. The buyers have also paid Rs 21.8 million in stamp duty for the transaction, which was registered on July 29, according to documents from Zapkey.com. In 2023, residential property sales across India?s top eight cities reached unprecedented levels, driven by strong demand in mid-income, premium, and luxury segments. Mumbai led this trend, setting new records in property transactions and achieving notable performance in July. The city's property market saw monthly registration numbers surpass 10,000 in the first seven months of 2024 and has experienced consistent year-on-year growth in registrations since August 2023, highlighting sustained buyer confidence and market strength. (ET)

Infrastructure Transport

10 Jul 2026

Uttar Pradesh unveils infrastructure-led growth roadmap at RAHSTA

Mumbai, 9 July 2026: Uttar Pradesh’s ambitious infrastructure-led growth strategy took centre stage on Day 2 of the 16th RAHSTA Expo, where senior government officials outlined how expressways, industrial corridors and technology-driven governance are transforming the state into one of India's most attractive investment destinations.Delivering the keynote address, Srihari Pratap Shahi, IAS, Additional Chief Executive Officer, Uttar Pradesh Expressways Industrial Development Authority (UPEIDA), highlighted the state's long-term vision of integrating world-class expressways with industrial dev..

NCW closes PRIME Offices Fund at Rs 40 billion

Nuvama and Cushman & Wakefield Management (NCW) has announced the final close of its flagship PRIME Offices Fund at approximately Rs 40 billion, exceeding its original target of Rs 30 billion following strong investor demand.The fund was launched to provide Indian investors with access to institutional-grade commercial office assets across key office markets in the country. According to NCW, the increase in the fund size was supported by strong investor participation and the availability of investment opportunities in India's office sector.The fund has already committed around 45 per cent ..

Mayfair Housing adopts Autodesk Forma for digital project planning

Mayfair Housing has entered into a three-year strategic partnership with Autodesk to deploy Autodesk Forma, an AI-enabled cloud platform, as part of its digital transformation programme aimed at improving project planning and execution across its development and redevelopment portfolio.The platform will be integrated into the company's Building Information Modelling (BIM) workflow to support architects, planners and project teams during the early stages of design and development. Autodesk Forma combines real-world data, environmental simulations and collaborative workflows to facilitate data-d..