Marico's Priyanjali Mariwala buys Rs 650 million flat in Mumbai?s BKC

08 Jul 2024 CW Team

Given the apartment's location on the lower floor, the deal values the property at Rs 78,690 per sq ft. The transaction includes exclusive access to four car parking slots. Mariwala paid a stamp duty of Rs 32.6 million for the registration of the deal, which was sealed on July 1, as shown by Zapkey.com documents.

In 2021, the Maharashtra government announced a 1% concession on prevailing stamp duty for women homebuyers, reducing the charge to 5% for female buyers in Mumbai.

Priyanjali Mariwala, wife of Rishabh Mariwala, leads the ASCENT Foundation, a non-profit organisation founded by Marico Chairman Harsh Mariwala. The foundation supports high-potential, growth-ready entrepreneurs to scale their enterprises and enhance their entrepreneurial journeys.

The source?s email queries to Mariwala and Sunteck Realty went unanswered at the time of publication. Several notable figures from the corporate world, Bollywood, and the banking sector have purchased apartments in this residential project. Among the buyers are Uday Kotak, Gautam Adani, Vikram Pandit, Gunit Chaddha, Mihir Doshi, actress Aishwarya Rai Bachchan, Ashok Wadhwa, and Sonam Kapoor.

In 2021, Abbott Healthcare leased a 5,000 sq ft apartment in this tower for a monthly rental of around Rs 100,000. The total lease tenure of 36 months amounted to over Rs 36 million. The luxury apartment was intended for a CXO of the company, given its proximity to their corporate office. Current lease rentals in this tower range around Rs 150,000 per month for a smaller duplex and Rs 200,000 for a larger duplex apartment.

(Source: ET)

Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai?s Bandra-Kurla Complex (BKC) for Rs 650 million. She acquired the nearly 8,300 sq ft apartment on the first floor of the super-premium residential tower Signature Island from Starlight Systems, part of the project?s developer, Sunteck Realty. Given the apartment's location on the lower floor, the deal values the property at Rs 78,690 per sq ft. The transaction includes exclusive access to four car parking slots. Mariwala paid a stamp duty of Rs 32.6 million for the registration of the deal, which was sealed on July 1, as shown by Zapkey.com documents. In 2021, the Maharashtra government announced a 1% concession on prevailing stamp duty for women homebuyers, reducing the charge to 5% for female buyers in Mumbai. Priyanjali Mariwala, wife of Rishabh Mariwala, leads the ASCENT Foundation, a non-profit organisation founded by Marico Chairman Harsh Mariwala. The foundation supports high-potential, growth-ready entrepreneurs to scale their enterprises and enhance their entrepreneurial journeys. The source?s email queries to Mariwala and Sunteck Realty went unanswered at the time of publication. Several notable figures from the corporate world, Bollywood, and the banking sector have purchased apartments in this residential project. Among the buyers are Uday Kotak, Gautam Adani, Vikram Pandit, Gunit Chaddha, Mihir Doshi, actress Aishwarya Rai Bachchan, Ashok Wadhwa, and Sonam Kapoor. In 2021, Abbott Healthcare leased a 5,000 sq ft apartment in this tower for a monthly rental of around Rs 100,000. The total lease tenure of 36 months amounted to over Rs 36 million. The luxury apartment was intended for a CXO of the company, given its proximity to their corporate office. Current lease rentals in this tower range around Rs 150,000 per month for a smaller duplex and Rs 200,000 for a larger duplex apartment. (Source: ET)

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..