Binita Shah,  is the board member of BDR Pharmaceuticals and the wife of its founder and CMD Dharmesh Shah.

Shah has purchased two flats for Rs 80.8 crore in Worli from K Raheja Corp, registration documents accessed by SquareFeatIndia provided by Zapkey.com showed.

Both the flats are located on the 39th floor, in the building named Raheja Artesia,

The two apartments together have a carpet area of 6,670 sq ft with a total of 367 sq ft of balcony area.

The new owners will have access to 7 car parks in the building.

Documents were registered on November 1st and 3rd this year.

The buyer as per documents is trustee of RDS Private Family trust, Binita Dharmesh Shah, and the seller is K Raheja Corp Pvt Ltd.

Also Read: Everest Group’s Sanjeev Buys Worli Home For Rs 73.5 Cr

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In two separate deals, Bajaj family members and trust has bought five apartments for a total of Rs 103.73 Crore. The five apartments are located in the building Vivarea constructed by K Raheja.

The first deal was signed on October 18, where for an amount of Rs 15.84 crore, flat located on the 40th floor measuring 226.03 sq mt was bought by Nirvaan family trust via its trustee Sunaina Manish Kejriwal from Capricon Realty, and Gnext hardware and parks.

The second deal was signed on the same date, for Rs 28.31 crore, for a flat located on the 39th floor measuring 315.99 sq mt, the sellers were same whereas the buyer this time was Shefali Bajaj. The third deal was signed for a flat on the 38th floor of the building measuring 315.99 sq mt sold for Rs 28.27 crore. In this too the seller was same, whereas the buyer was Sanjali Bajaj.

The fourth deal was signed on October 21, for the flat on the 36th floor, measuring 226.03 sq mt for which the consideration amount paid was Rs 15.46 crore. The seller is the same, whereas the buyer is Manish Kejriwal. The fifth apartment is located on the 39th floor and the deal was signed on November 10, the buyer is Nirvaani family trust, and the amount paid is Rs 15.84 crore, for an areas measuring 226.03 sq mt.

According to documents provided to SquareFeatIndia by Zapkey.com, the total consideration thus comes to Rs 103.73 crore. The buyers will also have an access to 17 car parks in the building.

The stamp duty paid for the registration of the deal is Rs 6.22 crore.

Also Read: TVS’s Gopal Srinivasan, buys ₹14.49 Cr in Bangalore

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A deal in Worli has set a realty record for the city of Mumbai. Worli’s Raheja Legend witnessed a real estate deal where a flat was sold for Rs 45 crore. The deal at Rs 1.45 lakh per sq ft is this year’s most expensive realty deal (till now), the second most expensive realty deal now is that of Tata Group chairman N Chandrasekaran and his family, who had bought a flat in Peddar Road for Rs 1.43 lakh per sq ft.

According to documents provided by Zapkey.com, Kiran Anil Agarwal wife of Anil Agarwal, founder and Chairman of Vedanta Resources ltd, bought a sprawling home on the 36th floor of the building Raheja Legend.

Raheja Legend is an exclusive building located on Dr Annie Besant Road in Worli, where according to realtors homes are available only on invite.

The deal was signed on June 29, while it was registered with the registration office on July 1, 2022, for which a stamp duty of Rs 2.25 crore was paid.

Documents accessed by this newspaper reveal that the area of the apartment bought by Agarwal from the seller Rahul Narang, is 3083.38 sq ft and when one calculates the per sq ft rate it comes to Rs 1.45 lakh. This rate is amongst one of the highest per square feet paid in the recent times. The owners will also have access to five car parks in the building.

According to Rajiv Jain, a realtor from South Mumbai, the building in which Agarwal bought the house demands a premium. “Apartments in this building have always been sold directly and mostly on an invite, rarely any realtor has been involved. The bedrooms offer a direct sea view and are huge, even the bathrooms in this building are huge. This has always had the elite at its occupants,” said Jain.

.Indian Cricket team’s former Captain, Virat Kohli, in the year 2017 had rented an apartment on the 40th floor of this building for a monthly rent of Rs 15 lakh, Virat had moved in this apartment in 2017 and stayed there for quite some time.

A detailed email sent to the buyer and the seller got us no response. The Agarwal’s currently reside in an independent structure located next to Samudra Mahal. Samudra Mahal is an iconic building in its own and has seen many expensive realty deals, originally stood here a palace owned by the Scindias of Gwalior.

Top five Expensive Realty Deals of Mumbai

In May 2022, Tata Chairperson Chandrasekaran Natrajan, along with family members bought a duplex worth Rs 97.85 Crore in Peddar Road’s 33 South building. He paid Rs 1.43 lakh per sq ft for the 6,800 sq ft flat.

In March 2022, a 10,566 square feet flat in the same building, Rahjea Legend was sold for Rs 144 crore, thus taking the per square feet value to Rs 1.36 lakh

In April 2022, a 3183.96 sq ft apartment was sold in Carmichael Residencies, Carmichael Road, for a total consideration of Rs 40 crore, the per sq ft rate here was Rs 1.25 lakh

In December 2021, a realty deal took place in Samudra Mahal, where the apartment measuring 3638 sq ft was sold for Rs 42 crore, or for Rs 1.15 lakh per sq ft

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

Also Read: Quadruplex Sold for ₹144 Crore in Worli Building

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By Varun Singh

There would be hardly any Indian who would have not heard or read the name of B R Chopra. Chopra family has been associated with the Indian film industry for several decades.

While B R Chopra has had numerous films to his credits and same was with his son Ravi Chopra, their most iconic television serial Mahabharat has remained etched in the memories of the common public.

However, today we are not going to spend a lot of time talking about the films that Chopra family came out with, but about the real estate deal the family has been involved in.

Iconic B R House belonging to late B R Chopra was sold in May for Rs 182 Crore, the house is located in Juhu.

According to documents accessed by SquareFeatIndia provided by Indextap.com, the deal was registered on May 27, between Renu Ravi Chopra and Feat Properties Pvt. Ltd.

The total plot area of the house is 3,278 sq.mtrs whereas the constructed area is 2,290 sq.mtrs.

A stamp duty of Rs 10.96 crore was paid for the registrations of the deal.

A detailed message sent to Renu Chopra seeking her comment on the real estate deal got us no response.

Juhu has seen some big ticket deals concerning celebrities in the last few months.

In January Raj Kundra transferred five flats Worth Rs 38.5 Crore to Shilpa Shetty, all these flats are located in Juhu.

Actor Kajol bought two apartments worth ₹11.95 crore in Juhu. This deal took place in the month of January.

Also Read: Kajol Vishal Devgan buys 2 flat in Juhu for Rs 11.95 Crore

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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

An apartment in Mumbai’s Worli was recently sold for Rs 23.89 crore.

The buyer of the apartment is a known and reputed businessman from the country.

The apartment bought by the businessman is located on the seventh floor of the Worli building.

The businessman is into Real Estate, Education, Hospitality, Incubation and Healthcare sector.

The building in which the apartment has been bought is named Raheja Artesia.

The businessman we are talking about is Harshavardhan Neotia of AmbujaNeotia group, he along with his daughter Paroma.

According to documents provided by Indextap.com. a stamp duty of Rs 1.19 crore was paid. The deal was executed and registered on September 9, 2021.

The carpet area of the flat is 3,064 square ft and along with the flat the new owners will have access to three car parks.

This building has seen several big ticket deals in the past and most of them are big businessman and reputed names from the industry.

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: Amitabh Bachchan Buys Duplex For Rs 31 Crore

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By Varun Singh

In the last few days, Mumbai has witnessed some big ticket real estate deals.

Entering the league of the luxury deals, is this one where a top real estate family has bought three duplexes in Worli.

The three duplexes are spread over five floors and consists of a total 18 flats.

The duplexes are located in the building Artesia, located in Mumbai’s Worli area.

The buyers are from real estate tycoon Raheja family, and the building is being constructed by K Raheja Pvt Ltd.

Here are the flat details:

Duplex apartment 4101 comprising of six flats is spread on 41st and 42nd floors measuring 2079 square meters, and it cost Rs 143.63 crore. The stamp duty paid for the registration of the duplex is Rs 2.87 crore. It has been bought by Neel Raheja and Jaya Raheja.

Of the three duplexes, the second duplex apartment is 4201 again comprising of six flats spread on 42nd and 43rd floors measuring 1989.71 square meters and cost Rs 137.78 crore. The stamp duty of Rs 2.75 crore was paid to register this duplex. It has been bought by Chandru Raheja and Jyoti Raheja.

The last of duplexes is duplex apartment comprising of six flats and numbered 4401 it spread on 44th and 45th floors measuring 2138.25 square meters and costs Rs 146.40 crore. The stamp duty paid is Rs 2.92 crore. This has bee bought by Ravi Raheja and Sumati Raheja.

The total consideration paid for the apartments stood t Rs 427.81 crore. The total area when calculated comes to 6202 square meters. This translates into 66811 square feet.

With every duplex the owners will also have access to 14 car parks, thus taking the total car parks available to 42.

The deal took place in December 2020, but were registered in April 2021. Maharashtra government had announced a stamp duty discount of 3% till December 2020 and 2% till March 2021.

Homebuyers could pay the stamp duty till this cut off date and register the documents within four months.

Raheja’s offered no comments on the deals.

Artesia at Worli has been attracting a lot of High Networth Individuals.

Some previous deals in this building includes, Dheeraj Relli and Archana Relli who had paid Rs 30.31 crore for an apartment in this building.

Keki Mistry had paid R 41.23 crore for an apartment in Artesia.

Smita D Parekh had paid Rs 50 crore to buy an apartment in this building.

Apart from Artesia, the most talked dead this year has been that of DMart’s Radhakishan Damani who shelled our Rs 1001 crore for a bungalow in Malabar Hill.

Also Read: Amitabh Bachchan Buys Duplex For Rs 31 Crore

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