Agarwal Holdings has acquired a 19,589.22 sq ft land parcel in Juhu, Mumbai, from Shapoorji Pallonji Gwalior, part of the Shapoorji Pallonji Group, for INR 455 crore. The transaction was completed and registered earlier last week, with a stamp duty of INR 27.30 crore and registration charges of INR 30,000. This follows Agarwal Holdings' previous land acquisition in Juhu in September 2022, where it purchased parcels covering 42,721.92 sq ft and 32,496.21 sq ft, valued at INR 332.8 crore. Agarwal Holdings also provides services like loan management, credit analysis, investment advice, insurance brokerage, and financial transaction handling.
Agarwal Holdings has recently finalized the acquisition of a prime land parcel in Juhu, Mumbai, measuring approximately 19,589.22 sq ft. The land was purchased from Shapoorji Pallonji Gwalior, a subsidiary of the renowned Shapoorji Pallonji Group, for a significant INR 455 crore. The transaction was officially concluded and registered earlier this week, with the stamp duty on the deal set at INR 27.30 crore, alongside a registration fee of INR 30,000. This acquisition forms part of Agarwal Holdings' ongoing strategy to expand its presence in Mumbai's high-demand, high-value real estate market. Juhu, known for its upscale residential and commercial developments, remains one of the most sought-after locations in the city, making it an attractive addition to Agarwal Holdings' portfolio.
This new acquisition follows a previous deal in September 2022, where Agarwal Holdings purchased two additional parcels in Juhu. The first parcel measured 42,721.92 sq ft, and the second 32,496.21 sq ft, with a combined value of INR 332.8 crore. With these strategic land purchases, Agarwal Holdings has significantly increased its footprint in the prestigious Juhu area, reinforcing its commitment to the Mumbai real estate market.
Beyond its real estate investments, Agarwal Holdings has diversified into various financial services, establishing itself as a comprehensive player in the financial sector. The company offers a wide range of services, including managing loan applications, conducting detailed credit analyses, providing expert investment advice, and facilitating insurance brokerage services. Additionally, Agarwal Holdings handles complex financial transactions for its clients, positioning itself as a vital player in both real estate and finance.
This multifaceted approach, combining strategic real estate investments with financial services expertise, sets Agarwal Holdings on a path of continued growth. The company's efforts to expand its market presence and offer diversified financial solutions place it in an advantageous position to influence both the real estate and financial sectors in the years to come.
Agarwal Holdings' latest acquisition in Juhu highlights the company's ongoing expansion in Mumbai's real estate market. The INR 455 crore deal reflects its commitment to acquiring prime land in key areas. This follows a previous transaction in 2022, further solidifying its presence in the region. Besides its real estate investments, Agarwal Holdings continues to offer a diverse range of financial services, including credit analysis, insurance brokerage, and investment guidance. With a strong focus on real estate and financial services, the company is poised for further growth in the coming months.
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