Pharm Easy Co-founder buys duplex apartment at Rs 40 cr in Mumbai
Real Estate

Pharm Easy Co-founder buys duplex apartment at Rs 40 cr in Mumbai

The Co-founder of PharmEasy, Siddharth Shah, bought a 40 crore premium duplex apartment in Khar, Mumbai, which spreads across 5,445 sq ft. The sixth floor of the apartment of the Wadhwa Samarpan will provide him exclusive access to three car parks.

Siddharth, an IIT-Ahmedabad graduate, is the chief executive of API Holdings that runs PharmEasy. The pharmacy has become India's largest online e pharmacy after the acquisition of Medlife and the first Indian start-up e-pharmacy to enter the unicorn club.

On 31 March, the property transaction was concluded, which was the last date to get the benefit of the lower stamp duty by the Maharashtra government. The final registration was made on 20 August. Shah paid Rs 1.50 crore as stamp duty for the transaction.

With the aim to boost the real estate sector, about 260 linked industries encouraging housing sales, the state government has announced stamp duty reduction from 5% to 2% from September to December. Between January and March, the stamp duty was charged at 3%.

Since last year, Mumbai's real estate market has seen several high-value property transactions for several luxury apartments.

Several corporates, business founders, bollywood actors, industrialists, investors, bankers and cricketers have bought luxury apartments during the period.

Image Source


Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

The Co-founder of PharmEasy, Siddharth Shah, bought a 40 crore premium duplex apartment in Khar, Mumbai, which spreads across 5,445 sq ft. The sixth floor of the apartment of the Wadhwa Samarpan will provide him exclusive access to three car parks. Siddharth, an IIT-Ahmedabad graduate, is the chief executive of API Holdings that runs PharmEasy. The pharmacy has become India's largest online e pharmacy after the acquisition of Medlife and the first Indian start-up e-pharmacy to enter the unicorn club. On 31 March, the property transaction was concluded, which was the last date to get the benefit of the lower stamp duty by the Maharashtra government. The final registration was made on 20 August. Shah paid Rs 1.50 crore as stamp duty for the transaction. With the aim to boost the real estate sector, about 260 linked industries encouraging housing sales, the state government has announced stamp duty reduction from 5% to 2% from September to December. Between January and March, the stamp duty was charged at 3%. Since last year, Mumbai's real estate market has seen several high-value property transactions for several luxury apartments. Several corporates, business founders, bollywood actors, industrialists, investors, bankers and cricketers have bought luxury apartments during the period. Image Source Also read: Promoters of JB Chemicals buy luxury property in Mumbai at Rs 138 cr

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost’s proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights—from fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data—allowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23–24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?