Suniel Shetty along with his mother Prema Shetty, wife Monisha Shetty and son Ahaan Shetty recently invested in a property in Bandra.

According to documents from the registration department accessed by SquareFeatindia, the deal was signed in March earlier this year and registered on June 7, 2022.

The documents reveal that the actor and his family members paid a whooping Rs 25 crore for the apartment in the building named Sandhu Palace, located in Pali Hill of Bandra west.

The apartment is spread over 3,479.43 sq ft carpet area on the 9th floor of the building and along with the apartment, the Shetty family shall also have an access to two car parks in the basement of the building.

A stamp duty of Rs 1.25 Crore was paid for the registration of the apartment.

Suniel Shetty along with his family currently resides in Mumbai’s most poshest location Altamount Road, his current address is Prithvi Apartment a prestigious piece of real estate in Mumbai.

The seller of the apartment that Suniel Shetty and family bought is an Ahmedabad based firm, Safari Biotech Pvt Ltd.

In October, Janhvi Kapoor along with her father Boney Kapoor and sister Khusi Kapoor bought a duplex bungalow for Rs 65 crore.
Her house is located in Bandra’s Pali Hill too and measures 6,421 sq ft. The Kapoors paid a whooping Rs 1.01 lakh per sq ft for the apartment that they bought.

Also Read: Janhvi, Khushi & Boney Kapoor buy Bandra Duplex for Rs 65 Cr

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3-Wheeler cargo vehicles powered by Log9’s InstaCharge battery technology will boost the fleet operations of Pi Beam while also reducing carbon emissions for last-mile delivery

Bengaluru-based advanced battery technology start-up Log9 Materials has partnered with Chennai-based startup Pi Beam to empower the last-mile delivery operations of the latter using Log9’s flagship InstaCharge battery technology. The partnership was finalized recently with an MOU signed between the two companies; both Log9 and Pi Beam believe that their partnership will go a long way in reducing the carbon footprint of the logistics sector and is a step forward in fighting climate change.

As a part of this collaboration, Log9 Materials will deliver a large number of Rage+ RapidEV electric 3-Wheeler fleets powered by Log9’s RapidX batteries that InstaCharge (get fully charged from 0 to 100 per cent) within 35 minutes. Notably, the Rage+ RapidEV has been developed jointly by Omega Seiki Mobility and Log9 Materials, keeping in mind the unique requirements of Indian consumers and is powered by Log9’s RapidX 6000 battery.

Log9’s InstaCharge battery technology will empower Pi Beam’s fleets to have more uptime, efficiency, and better return on investment vis-à-vis their last-mile delivery operations. Furthermore, data-driven analytics from these RapidEV fleets will enable them to optimize their route planning for hyper-local last-mile deliveries. The partnership also brings Pi Beam under the aegis of Log9’s responsible Delivery Movement initiative, a first-of-its-kind initiative in India to fight against climate change by working proactively to reduce last-mile delivery emissions. The objective of Responsible Delivery Movement is to accelerate India’s e-mobility adoption and bring down India’s transportation and logistics emissions intensity by up to 33% by 2030.

Speaking on the partnership, Dr. Akshay Singhal, Founder & CEO, Log9 Materials said, “We are happy to partner with Pi Beam to empower their delivery operations with the Rage+ RapidEVs electric 3-wheelers powered by Log9’s battery packs and InstaCharge technology. We are confident that this partnership will go a long way to give an impetus to the transformation of India’s conventional last-mile logistics operations to sustainable electric mobility. This is also in line with Log9’s initiative of Responsible Delivery Movement, and moreover, this partnership strengthens our movement and re-affirms our joint commitment to fight against climate change by reducing last-mile delivery emissions.”

Pi Beam offers end-to-end micro-mobility sustainable EV solutions along with data-driven analytics, particularly to augment productivity in last-mile logistics and transportation space. Their smart, green, and affordable EVs fleets are revolutionizing transport and customer deliveries in e-commerce, retail, and small and medium businesses.  On the other hand, Log9 has leveraged its cell-to-pack competency to develop its InstaCharge batteries that provide 9x faster charging, 9x better performance, and 9x battery life. Log9’s InstaCharge technology brings down the total charging time which further optimizes the utilization of charging infrastructure and operational profitability for fleets. In addition, Log9’s RapidX batteries are built to operate across -30° to 60° C and come with an operational life of 15,000+ cycles, thereby providing a seamless experience and entirely revolutionizing the last mile logistics sector.

About Log9 Materials

Log9 is an indigenous deep-tech and advanced battery-tech startup that is redefining the EV industry’s standards in the fight against climate change, by offering batteries that can be charged 9x faster, can last 9x longer and offer 9x higher performance and safety. It is the only Indian company today that holds in-house competencies ranging from electrode materials to cell fabrication to battery packs. Log9’s sole purpose and mission are to pioneer Responsible Energy, and through its initiative, the Responsible Delivery Movement, Log9 is leading an industrywide consortium of OEMs, Aggregators, End Users, and other stakeholders to raise awareness about the threats of climate change and is mobilizing the first and last-mile delivery ecosystems to combat it. Furthermore, with an eye on the changing transportation and logistics industries, Log9 is investing heavily in the research and development of Aluminum Fuel Cells that will power long-haul commercial vehicles of the future. Log9 is funded by leading VCs like Sequoia and Exfinity Ventures and strategic investors such as Amara Raja Batteries and Petronas (Malaysia).

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By Varun Singh

Network for People of Construction, CLUBNPC, the non-profit organisation of Construction, Real estate and infrastructure industry organised its first annual conference, AAGAAZ 2022 in Pune. The Conference highlighted the issues of the industry and articulated the views and concerns of industry.

CLUBNPC is an initiative to bring all the key stakeholders of the construction industry on a single platform ranging from architects, interior designers, engineers, builders, and contractors. ‘CLUBNPC‘ is the focal point and platform for the Construction industry professionals to network, communicate and support each other on the issues that impact the businesses. It has grown in strength and credibility as a reliable entity with over 3500+ professionals across the country and are growing strength to strength. It has strong presence in all the four zones of the country.

CLUBNPC has also emerged as a huge knowledge sharing platform and organised more than 100 workshops for professionals to build new relationships and establish connections with like-minded professionals.

Speaking on the occasion, Yogesh Jagatramka, President CLUBNPC said, “It is a moment of great pride for us to organise our first event. We would like to make CLUBNPC to be voice of India’s construction industry. From influencing policy to encouraging debate, engaging with policy makers, CLUBNPC would articulate the views and concerns of industry. Its key purpose is to build a strong relationship with members of construction fraternity.”

Renowned Architect Mr. Ravi Gadre was the Chief Guest during the occasion. In his address, he highlighted that architect should build according to the need of the customers. 

The event was attended by construction industry luminaries including Ar. Pradeep Giri, Er. Sameer Deodhar, Er. Rohan Karkare, Ar. Omkar Samudra, Dr. Yogesh Kumar, ID Rajni Shinde, NPC Club President – ID Yogesh Jagatramka, Vice President – Ar. Karan Arora, Secretary – ID Amit Shah, Ar. Rohit Jain Mohammad Parvez, Ashish Bughra, ID Ritu Marwah, Mayur Mangal and others were present on the occasion.

The experts from across the country including builders, architects, interior designers, PMC engineers, contractors, suppliers and manufacturers attended the event.

The winners of the design competition held across the cities were also awarded at the occasion. The event witnesses the signing of no of MoUs (Memorandum of understanding) along with panel discussions, experts’ sessions, cultural events and followed by the oath to make CLUBNPC as the industry’s voice and build it as a strong fraternity.

Also Read: 5 Tips to keep in Mind before Investing in a Luxury Property

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By Varun Singh

Residential real estate has been on a steady and resilient growth trajectory, especially in the last quarter. Despite the shadow of uncertainty cast by the third wave, the segment continued to witness a surge in demand and sales. This is evidenced in a recent report which indicates a 71% rise in quarterly housing sales compared to last year. We are optimistic that the rising aspiration for homeownership and favorable market forces will help sustain the sector’s growth momentum. This, in turn, will positively impact the country’s economic development. The same is reflecting in our quarterly sales performance.

We would like you to take note of our key operational updates for Q4FY22:

A.  Key Sales highlights

• Sales FY22Total sales volume of 3.52 msft with a total sales value of INR 2406 Crore; clocking highest ever sales value for the company since inception.Sales volume from under-construction inventory up by 51% in comparison to FY21

• Sales Volume Q4FY22 – Area sold stood at 1.19 msft, up by 20%, compared to 0.99 msft in Q4FY21

• Sales Value Q4FY22 – Sales value stood at INR 829 Crore, up by 10%, compared to INR 753 in Q4FY21

• New Launches – Of the 6 projects launched during the year, 4 projects were launched in Q4; Tree Haven, Provident Winworth, Purva Southbay and Sparkling Springs

~~First plotted project by the Group in Chennai market (Purva Southbay) was sold out in 48 hours from launch

B. Debt and cash flows – Cash flow remained healthy during the quarter resulting in net debt reduction.

C.     Performance Summary:

Other matters: AIF – The Company’s wholly owned subsidiary received approval from the SEBI for an INR 750 crore, category II fund, under the Alternative Investment Fund (AIF) guidelines, 2012.

Also Read: Lodha launches its Lifesciences Hub at Palava with Encube Ethicals as their first client

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South India’ based Real Estate Developer, Alliance Group & Urbanrise, today announced that the company has appointed Mr. Rajendra Joshi to its Board of Directors as a Whole Time Director, with effect from 6^th April, 2022.

A veteran with 30 years of experience, Rajendra Joshi has led many leading brands in the country and has been instrumental in launching many brands and firms with respect to financial services and real estate industry in the South Indian metros. Mr. Rajendra Joshi comes with an educational background of Masters in Physics from University of Jodhpur and MBA from University of Ajmer. Having joined the Alliance Group in the year 2016, as the Executive Director of Sales and Marketing, Rajendra Joshi, with his high level of administrative and Sales & Marketing acumen has guided the company in launching over 25 million sq.ft of residential community and developing over 22,000 homes. 

Commenting on the appointment, Manoj Namburu, Chairman and Managing Director of Alliance Group said, “We are pleased to welcome Mr. Rajendra Joshi to the board as the whole-time Director. Mr. Rajendra Joshi’s experience and leadership has contributed to the company’s significant growth over the years. Rajendra’s long history in leadership, his administrative capability and his valuable contribution to the company makes him an ideal person for this role. I am confident that Rajendra will bring more depth and diversity to our Board”.

 About Alliance Group and Urbanrise

Alliance Group is South India’s Largest Real Estate Developer who has delivered over 7,500+ homes. The organization has 54 million Sq.Ft. under development and another 25 million Sq.Ft. of projects is in planning stage, with a real estate portfolio of Rs.33,000 Crores. The Organization is backed & funded by the world’s Topmost Financial Institutions.

Also Read: Alliance Group and Urbanrise Clocks Rs.2,290 Cr Sales Revenue in FY 2021-22

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By Varun Singh

Mumbai’s real estate is known for setting new records. A new realty record has been set at the start of the financial year of 2022-23.

A flat has been sold in Mumbai’s Carmichael Road for a whooping Rs 1.25 lakh per square feet.

The flat that has been sold at this high price is located in a building that in the year 2020, and 2021 has already set several records.

The flat measures 3183.96 square feet and was sold for a total consideration of Rs 40 crore.

The deal was registered on the April 13, 2022, whereas the documentation was carried out on March 29, 2022.

R A Realty Ventures LLP sold the 12th floor apartment in Carmichael Residencies to Rajyavardhan Sonthalia, Neelam Sonthalia and Shauryavardhan Sonthalia.

Along with the apartment the new buyers shall also have access to 4 car parks. A stamp duty of Rs 2 crore was paid for the registration of the deal.

Carmichael Residencies has set records last year, it sold flats as high as Rs 1.58 lakh per square feet.

According to documents accessed by SquareFeatIndia, the recent deal of Rs 1.25 lakh per square feet was registered on April 13.

However, the documentation was carried out on March 29, 2022, when the stamp duty was 5% of the total value.

According to a real estate broker aware about the deal, the building is luxurious and attracts a premium.

Previous Top Deals
In December 2020, The Daftary’s paid Rs 101 crore for a flat measuring 3183 square feet in Carmichael Residencies. The per square feet rate here was Rs 1.58 lakh.

In July 2020 Anurang Jain paid Rs 1.56 lakh per square feet for a flat in Carmichael Residencies.

In December 2020, Motilal Oswal Family trust paid Rs 1.48 lakh per square feet to buy a home in 33 South.

In March 2022, a 10,566 square feet flat in Worli’s Rahjea Legend was sold for Rs 144 crore, thus taking the per sqyare feet value to Rs 1.32 lakh.

Also Read: Flat Sold For Rs 1.13 Lakh Per Square Feet

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By Varun Singh

Hold your breathe because this is the most expensive real estate deal that took place in the recent past in the country.

A flat in Mumbai’s Breach Candy was sold for Rs 1.87 lakh per square feet.

This deal took place in the building named 9A Residence, and is located in the tony Breach Candy area of South Mumbai.

Malabar hill, Altamount road, Breach Candy are the most expensive real estate area of Mumbai as well as India.

The flat is located on the 15th floor of and is unit number 1101.

The seller is Sushil Kothari, whereas the new buyers are Nita Joshi and Abhijit Joshi.

The flat has been sold for Rs 49 crore, whereas the area of the flat is 2,615 square feet, when calculated comes to a whooping Rs 1,87 lakh per square feet.

This is the highest per square feet rate that has been paid by any home buyer in the recent history of real estate.

According to data provided by Indextap.com the stamp duty paid for the real estate deal stand at Rs 2.45 crore. Abhijit Joshi is a reputed name in the legal fraternity.

The deal was registered on September 16 and along with the apartment the owner also has access to four car parks in the building.

Some Big Ticket Deals

• Jiten Doshi and Hetal Doshi, Jiten a reputed and well known name in the Capital Markets had bought a flat for Rs 61 crore in 33 South, Peddar Road, the per square feet rate was Rs 1.66 lakh. This deal took place in February.
• Business tycoon Anurang Jain bought an apartment in Carmichael Residencies in 2020 for Rs 1.56 lakh per square feet.
• The Daftary’s bought an apartment in 2020 in Carmichael Residencies for Rs 1.58 lakh per square feet.
• The Motilal Oswal Family Trust paid Rs 1.48 lakh per square feet in 33 South, Peddar Road in 2020.
• Sadbhav Land Pvt Ltd’s Arjun Betkekar paid Rs 1.13 lakh per square feet for a flat in Carmichael Residencies in January 2021

Also Read: Businessman Buys Worli Flat for Rs 23..89 Crore

The post Hold Your Breathe: At Rs 1.87 lac PSF This is India’s Most Expensive Real Estate Deal appeared first on Square Feat India.

By Varun Singh

Rs 1.66 lakh/sq ft. Yes read it right, this is what recently a homebuyer paid to acquire a luxury apartment in a building located on Mumbai’s most expensive street- Peddar Road.

Real estate is a very different world, there are homes available in different categories.

From affordable houses to luxury and premium luxury everything is available, depending on the spending capacity of the homebuyer.

It is when aspirations and ambitions meet luxury, real estate record is set.

In mid-February India’s most expensive real estate deal of 2021 was signed in Mumbai.

According to documents available with SquareFeatIndia.com two duplexes were bought in the building.

The duplexes are located on the 27th and the 28th habitable floor of the building.

Documents show that the apartmetns were registered on February 16, 2021.

The duplexes are in the building 33 South, Peddar Road, which in December had set a record.

In December 2020, the Motilal Oswal Family Trust had bought apartments in the same building for Rs 101 crore.

This was amongst one of the costliest real estate deal priced at Rs 1.48 lakh per sq ft that took place in 2020.

Coming back to the latest deal, which was sold for Rs 1.66 lakh per square feet, the seller is Sameer Bhojwani.

The buyer is Jiten Doshi and Hetal Doshi, Jiten is a reputed and well known name in the Capital Markets.

The Doshi’s paid a total of Rs 61 crore for both the duplexes.

While one duplex measures 170 square meters, the other one measures 169.69 square meters.

The combined area of both the apartment is 339.76 square meters which translates into 3,657 square feet.

Thus when the area is divided by the total consideration of Rs 61 crore, the per square rate that is derived stands at Rs 1,66,803. Which is Rs 1.66 lakh/sq ft.

Along with the apartments, the Doshi’s will also have access to several car parks available in the building.

For the registration of the duplexes a total of Rs 1.83 crore was paid as stamp duty.

Gopal Maheshwari, a senior realtor based out of South Mumbai says, Peddar Road, Carmichael Road, Altamount Road, Warden Road is a location which demand a premium.

“Peddar Road is amongst one of the World’s costliest streets, and the adjoining streets, including Carmichael and Altamount Road have buildings where deal do take place at such high rates,” said Maheshwari.

A detailed message sent to Jiten Doshi, got us no response.

Some Previous Big Deals

Business tycoon Anurang Jain bought an apartment in Carmichael Residencies in 2020 for Rs 1.56 lakh per square feet.

The Daftary’s bought an apartment in 2020 in Carmichael Residencies for Rs 1.58 lakh per square feet.

The Motilal Oswal Family Trust paid Rs 1.48 lakh per square feet in 33 South, Peddar Road in 2020.

Sadbhav Land Pvt Ltd’s Arjun Betkekar paid Rs 1.13 lakh per square feet for a flat in Carmichael Residencies in January 2021

A flat in Dev Anand’s Anand Building in Bandra was sold for Rs 1.02 lakh per square feet.

Also Read: India’s costliest realty deal of 2020 at Rs 1.56 lakh psf

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By Varun Singh

Mumbai’s real estate is known for setting new records. A new realty record has been set at the start of the year of 2021.

A flat was sold recently in South Mumbai for Rs 1.13 lakh per square feet.

The flat that has been sold at this high price is located in a building that in the year 2020 has already set several records.

The flat measures 3183.96 square feet and was sold for a total consideration of Rs 36 crore.

R A Realty Ventures LLP sold the 7th floor apartment to Sadbhav Land Pvt Ltd’s Arjun Betkekar.

The flat is located on the 7th floor of the building Carmichael Residencies a prime property in South Mumbai.

Along with the apartment the buyer shall also have access to 4 car parks.

Carmichael Residencies has set records last year, it sold flats as high as Rs 1.58 lakh per square feet.

Also Read: This Is 2020’s Most Expensive Realty Deal

According to documents accessed by SquareFeatIndia, the recent deal of Rs 1.13 lakh per square feet was registered on January 8.

However, the documentation was carried out on December 24, 2020, when the stamp duty was 2% of he total value.

The stamp duty paid for the registration of the apartment stood at Rs 72 lakh.

According to a real estate broker aware about the deal, the building is luxurious and attracts a premium.

Previous Top Deals

In December 2020, The Daftary’s paid Rs 101 crore for a flat measuring 3183 square feet in Carmichael Residencies. The per square feet rate here was Rs 1.58 lakh.

In July 2020 Anurang Jain paid Rs 1.56 lakh per square feet for a flat in Carmichael Residencies.

In December 2020, Motilal Oswal Family trust paid Rs 1.48 lakh per square feet to buy a home in 33 South.

Also Read: Flat In Dev’s Anand Sold For Rs 1.02 Lakh Per Sq Ft

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