By Varun Singh

It is said real estate is the best place to put in your money if you are looking for a long term investment.

Recently DMart the company which has become a household name saw its CEO and his wife buying a luxury real estate in Mumbai’s Bandra for ₹66.25 crore.

According to documents provided by Zapkey.com, the properties bought by DMart CEO, Ignatius Navil Noronha and his wife Kajal is located in the building Rustomjee Seasons.

The deals were signed and registered on July 29, 2022. These are two different realty deals the first one being, a flat on the 24th floor of the building.

This flat is in the name of Kajal Noronha, for which an amount of ₹31.38 crore was paid. The area of this apartment is 4117 sq ft RERA carpet. And a stamp duty of ₹1.56 crore was paid for the registration.

The second deal is of a flat on the 23rd floor of the building, which is in the name of Ignatius Navil Noronha who is the CEO of DMart. For this the consideration paid is ₹34.86 crore.

The RERA carpet of the apartment is 4522 sq ft and the stamp duty paid for this apartment’s registration is ₹1.74 crore.

The seller of both the apartments is Keystone Realtors. The combined value of both the apartments is ₹66.25 crore.

The news owners will have an access to 10 car parks in the building.

A detailed messages sent to Ignatius Navil Noronha got us no response.

Meanwhile, in 2021, Radhakishan Damani of D Mart along with Gopikishan Damani, bought the property located in Malabar Hill’s Narayan Dabholkar Marg. This deal was for ₹1000 crore considered to be the most expensive in real estate history of the country.

Also Read: D Mart Founder Buys Malabar Hill Property For Rs 1000 Crore

The post DMart CEO & Wife buys a house for ₹66 Crore in Bandra appeared first on Square Feat India.

By Varun Singh

On the last day of the year 2020, a deal was signed between one of India’s biggest supermarket chain DMart and a leading developer Wadhwa in Chembur.

The commercial deal cost DMart Rs 113.22 Crore for an area of 42,937 square feet.

According to documents accessed by SquareFeatIndia on December 31, 2020 a deal was signed between Wadhwa and Associates Project Developers Pvt Ltd. and Avenue Supermarts Ltd.

The deal comprises of entire ground floor and first floor in commercial wing A in Wadhwa’s project.

Along with the two floors, the supertmart shall also have access to 78 car parks.

A total of Rs 2.26 crore was paid as stamp duty for registration of the deal.

The deal was signed when the government had reduced the stamp duty in Mumbai from 5% to 2%.

The per square feet rate comes to Rs 26.368 for the deal.

A detailed email sent to Wadhwa seeking their comment got us no response.

Recently property market expert Vishal Bhargava had taken to micro social media platform where he made a side comment on the deal.

During the stamp duty cut a lot of big ticket deals took place.

The stamp duty cut was 3% between September 2020-December 2020. The stamp duty cut between January 2021 till March 2021 is 2%.

Also Read: Here Are The Festive Offers From Builders

The post DMart Buys Property Worth Rs 113 Crore In Chembur appeared first on Square Feat India.