Sonam Kapoor's father-in-law buys $27 million London home

16 Sep 2024 CW Team

The 20,000-square-foot estate is a short walk from Kensington Gardens and was previously owned by a UK-registered charity and religious order. The media team at Shahi Exports has not commented on the purchase.

This acquisition is among a select few properties sold for over £20 million in 2024, including a £27 million Mayfair mansion sold by art collector-oil tycoons Fatima and Eskandar Maleki. According to broker Hamptons International, the share of prime central London homes bought by Indian buyers increased by 3% between 2019 and 2023, the highest rise for any nationality in that period.

In recent months, Indian buyers have acquired several high-end London properties. Notably, apartments in Mayfair were bought for £7.85 million and £9.15 million. Additionally, last year saw Indian billionaire Ravi Ruia purchase a £113 million mansion overlooking Regent’s Park, and vaccine tycoon Adar Poonawalla agree to pay about £138 million for a Mayfair mansion, the most expensive UK property deal of 2023.

Despite the luxury market facing challenges due to potential changes in Britain’s "non-doms" tax rules, Notting Hill has remained popular with international buyers. In July, an American buyer purchased a home in the area for £32 million.

Harish Ahuja has amassed his wealth through Shahi Exports, a supplier to brands like Uniqlo, Decathlon, and H&M. The company operates over 50 factories and employs more than 100,000 people. Anand Ahuja, his son, serves as a director at Shahi Exports and runs his own retail business, while Sonam Kapoor is known for her roles in Bollywood films, including "Neerja."

(ET)

Indian tycoon Harish Ahuja, who owns Shahi Exports Pvt., has purchased an £21 million ($27 million) property in London's Notting Hill, marking one of the most significant UK residential transactions this year. This acquisition comes despite a slowdown in luxury real estate sales across the UK. Ahuja's son, Anand Ahuja, and daughter-in-law, Bollywood actress Sonam Kapoor, plan to use part of the eight-story property as their residence after redevelopment, while another section is expected to be converted into flats. The 20,000-square-foot estate is a short walk from Kensington Gardens and was previously owned by a UK-registered charity and religious order. The media team at Shahi Exports has not commented on the purchase. This acquisition is among a select few properties sold for over £20 million in 2024, including a £27 million Mayfair mansion sold by art collector-oil tycoons Fatima and Eskandar Maleki. According to broker Hamptons International, the share of prime central London homes bought by Indian buyers increased by 3% between 2019 and 2023, the highest rise for any nationality in that period. In recent months, Indian buyers have acquired several high-end London properties. Notably, apartments in Mayfair were bought for £7.85 million and £9.15 million. Additionally, last year saw Indian billionaire Ravi Ruia purchase a £113 million mansion overlooking Regent’s Park, and vaccine tycoon Adar Poonawalla agree to pay about £138 million for a Mayfair mansion, the most expensive UK property deal of 2023. Despite the luxury market facing challenges due to potential changes in Britain’s non-doms tax rules, Notting Hill has remained popular with international buyers. In July, an American buyer purchased a home in the area for £32 million. Harish Ahuja has amassed his wealth through Shahi Exports, a supplier to brands like Uniqlo, Decathlon, and H&M. The company operates over 50 factories and employs more than 100,000 people. Anand Ahuja, his son, serves as a director at Shahi Exports and runs his own retail business, while Sonam Kapoor is known for her roles in Bollywood films, including Neerja. (ET)

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