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)

Real Estate

19 Sep 2025

Capacit’e Wins Rs 15.18 billion Order for 25 Downtown Towers in Mumbai

Capacit’e Infraprojects has secured an order worth Rs 15.18 billion (excluding taxes and cess) for the construction of “25 Downtown” by Hubtown in Mahalaxmi, Mumbai. The project comprises four ultra-luxury super high-rise residential towers with state-of-the-art amenities, including a clubhouse and penthouses offering views of the Willingdon Golf Course and Arabian Sea. Rahul Katyal, Managing Director, Capacit’e Infraprojects Limited, said: “We are pleased to announce that our esteemed client has once again reinforced the trust and confidence in Capacit’e’s ability to comple..

Building Material

18 Sep 2025

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Technology

18 Sep 2025

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..