Nalin Gupta: J Kumar Infraprojects’ MD Nalin Gupta buys two bungalows in Mumbai’s Juhu

Nalin Gupta, managing director of J Kumar Infraprojects building corporate, has bought two adjoining bungalows within the posh Juhu house of ​​Mumbai for a complete of Rs 50 crore.

Each bungalows have a complete built-up house of ​​over 5650 sq. ft are a part of a residential advanced.

Gupta bought mentioned belongings, which was once constructed on a one-fifth acre land, along side his spouse, Shalini.

The patrons paid a stamp responsibility of Rs 3 crore for the registration of the transaction, which came about on 17 January.

Whilst each bungalows have reasonably the similar land construction plus one flooring, one in every of them is 3,403 sq. Foot, and the opposite – 2,247 sq. meters.

Each Nalin Gupta and his spouse are a part of the promotional team J Kumar Infraprojects and in combination personal over 7.17% of the corporate via their respective direct stakes.

Amongst its key tasks, the corporate has labored on underground and increased metro tasks in Mumbai, Delhi, Ahmedabad, Surat and Pune. J Kumar Infraprojects has performed building and building works for traces 2A and seven of the Mumbai metro undertaking which began paintings ultimate week. Along with metro tasks, the corporate operates in city infrastructure segments together with flyovers, subways, bridges, roads, and civil engineering.

ET’s e mail request to J Kumar Infraprojects remained unanswered till posting.

Not too long ago, Macleods Prescription drugs team of pharmaceutical corporations, Agarwal Holdings, bought a land house of ​​virtually two acres and a construction constructed on it from plush Juhu for Rs 332 crore in two separate transactions.

It was once the second one belongings bought by means of Agarwal Holdings in Juhu. In 2021, the corporate bought a bungalow within the house.

Juhu was once recognized for the qualities of Bollywood actors, administrators and manufacturers. He additionally considers most of the global’s commercial and company leaders to be its outstanding citizens. Actors Vicky Kaushal and Katrina Kaif not too long ago moved in, and a few time in the past cricketer Virat Kohli and his actress spouse Anushka Sharma moved in.

A couple of months in the past, Ravi and Neil Raheja, promoters of belongings building corporate Ok Raheja Corp, collectively bought a two-thirds-acre villa in Mumbai’s posh Juhu house from the Singhania circle of relatives, promoters of JK Lakshmi Cement. , for Rs 265 crore.

Land offers are selecting up once more, with many offers, together with direct acquisitions and joint ventures, in the important thing actual property markets of Mumbai, Pune, Chennai, Hyderabad and Bangalore both closed or because of shut this 12 months. The greater call for for land plots is because of the stable restoration of the housing marketplace. Ends

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