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

26 Aug 2021 CW Team

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

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..

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..

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..