According to Square Yards, Agarwal Holdings Private Limited has paid Rs 455 crore for a property in Mumbai’s coveted Juhu neighbourhood. The plot was purchased from the Shapoorji Pallonji Group’s Shapoorji Pallonji Gwalior Private Limited.
The registration record that Square Yards examined indicates that the land piece is roughly 1,819.90 square meters (19,589.22 square feet). With a stamp duty of Rs. 27.30 crore and registration fees of Rs. 30,000, the transaction was completed and registered in November 2024.
Mumbai’s status as India’s financial centre and a key business hub keep luring BFSI companies and their related industries to the city, according to Anand Moorthy, co-founder and CBO, centre Market & Services, Square Yards. Recent deals, including the recent land purchase in Juhu by Agarwal Holdings Private Limited, demonstrate the city’s continued appeal for residential and commercial enterprises.
Important hubs like the Bandra-Kurla Complex (BKC) and desirable areas in Southern and Western Mumbai have solidified their status as popular locations for luxury and commercial real estate. Getting a footing in Mumbai gives firms a competitive edge in a market with high demand and limited land supply. It also offers a strong return on investment, driven by rising land and property values.
Juhu is still a popular residential area in Mumbai because of its excellent social infrastructure, premium property supply, coastline attractiveness, and close access to the international airport. Because of its close proximity to Juhu Beach and first-rate amenities, the area draws wealthy people, including a number of celebrities.
Founded on December 11, 2020, Agarwal Holdings Private Limited is a private, non-governmental organisation that is listed with the Mumbai Registrar of Companies. The business specialises in financial intermediation-related activities and offers vital assistance to banks, investment businesses, and insurance companies, among other financial organisations.
Source: The Free Press Journal
