This has to be India’s biggest commercial realty deal, and concerns two big names. One of them is Rekha Rakesh Jhunjhunwala.
October 15 saw three sale agreements being signed between the Wadhwa Group and Kinnteisto LLP, of which Rekha Rakesh Jhunjhunwala is a partner.
According to documents accessed by SquareFeatIndia provided by Propstack the deal is worth ₹601 crore.
Three agreements in total were registered between The Wadhwa Group and the firm of which Rekha Jhunjhunwala is a partner.
The first agreement is in regards to Office No. 1401,14th Floor, this measures 2454.69 sqm. The consideration for this office is ₹123.99 crore.
The second agreement is of Office No. 1402, 14th Floor, and this measures 2803.15 sqm. The money paid for this is ₹145.33 crore.
The third one is for Office No. 1802, 18th Floor & 1901, 19th Floor, and it measures 6449.82sqm. The amount paid for this ₹331.68 crore.
All these offices now owned by the firm of which Jhunjhunwala is a partner are located in the building The Capital, BKC, Bandra East.
The stamp duty paid for the registration of the sale agreements is ₹36 crore.
The total number of parking that Jhunjhunwala’s firm will have access to in this building is a huge 124 car park.
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