亚博体育官网首页

Fashion designer Sandeep Khosla buys apartment in Mumbai
Real Estate

Fashion designer Sandeep Khosla buys apartment in Mumbai

Sandeep Khosla, co-owner of the label Abu Jani and Sandeep Khosla, has paid more than Rs 25.75 crore for a luxury flat in Mumbai's plush Juhu neighborhood's premium residential project Rustomjee Elements. The stamp duty on the flat in the C wing of the ready-to-move development off Juhu Versova Link Road was more than Rs 1.54 crore.

The gated community of 173 residences is spread across 3 acres. On March 20, the designer completed and registered the transaction, as evidenced by the documents accessed via Zapkey.com. Following the announcement in the Union Budget 2023-24 to limit the deduction from capital gains on investment in residential property to Rs 10 crore from April 1, the sale of luxury properties increased significantly in February and March.

ABSA Fashions, the designer duo's company, recently signed a five-year lease for a total of 18 floors of office space in Mumbai's western suburb Goregaon. The company will pay more than Rs 60 crore in rent for this office space spread across more than 102,000 square feet over the lease term, excluding escalation.

According to the agreement, the rent will increase by 12% after the first 36 months. Abu Jani and Sandeep Khosla are among the iconic names in the Indian fashion industry with clientele in influential circles of industrialists to leading Bollywood personalities. In April 2022, Reliance Brands entered into a definitive agreement to acquire 51% stake in their designer label.

Also Read
G7 Nations pledge to produce carbon-free electricity by 2035
K'taka to permit recurring energy banking for renewable energy projects

Sandeep Khosla, co-owner of the label Abu Jani and Sandeep Khosla, has paid more than Rs 25.75 crore for a luxury flat in Mumbai's plush Juhu neighborhood's premium residential project Rustomjee Elements. The stamp duty on the flat in the C wing of the ready-to-move development off Juhu Versova Link Road was more than Rs 1.54 crore. The gated community of 173 residences is spread across 3 acres. On March 20, the designer completed and registered the transaction, as evidenced by the documents accessed via Zapkey.com. Following the announcement in the Union Budget 2023-24 to limit the deduction from capital gains on investment in residential property to Rs 10 crore from April 1, the sale of luxury properties increased significantly in February and March. ABSA Fashions, the designer duo's company, recently signed a five-year lease for a total of 18 floors of office space in Mumbai's western suburb Goregaon. The company will pay more than Rs 60 crore in rent for this office space spread across more than 102,000 square feet over the lease term, excluding escalation. According to the agreement, the rent will increase by 12% after the first 36 months. Abu Jani and Sandeep Khosla are among the iconic names in the Indian fashion industry with clientele in influential circles of industrialists to leading Bollywood personalities. In April 2022, Reliance Brands entered into a definitive agreement to acquire 51% stake in their designer label. Also Read G7 Nations pledge to produce carbon-free electricity by 2035 K'taka to permit recurring energy banking for renewable energy projects

Next Story
Infrastructure Urban

ClickPost Launches Atlas to Benchmark E-commerce Logistics

ClickPost, a leading logistics intelligence platform, has launched Atlas, a subscription-based benchmarking tool designed to transform how e-commerce brands strategise logistics. Powered by ClickPost鈥檚 proprietary network, which processes over 50 million shipments each month, Atlas enables brands to benchmark key operational metrics in real time against industry peers and standards.Unlike traditional dashboards, Atlas delivers comparative insights鈥攆rom fulfilment speeds, RTO rates and average order values to city-level delivery times and sales data鈥攁llowing brands to identify operational..

Next Story
Real Estate

Kalyani Launches Two New LivingTree Towers in Bengaluru

Bengaluru-based Kalyani Developers has announced the launch of Towers 3 and 4 at its flagship residential project, Kalyani LivingTree, located in KIADB Aerospace Park. The expansion adds 525 premium 3BHK apartments, ranging from 1300 to 1600 sq ft, and over 7.5 lakh sq ft of built-up area. Prices start from Rs 1.2 crore.These towers, the most exclusive in Phase 1, offer uninterrupted pool and landscape views, and access to over 60 lifestyle amenities, two clubhouses totalling 1 lakh sq ft, and more than 80 per cent open space.LivingTree spans 25 acres and will comprise ten towers of 23鈥�24 fl..

Next Story
Infrastructure Urban

Blue Water Logistics IPO opens May 27

Hyderabad-based Blue Water Logistics is launching its Rs 40.5 crore IPO on May 27, 2025, which will remain open for subscription until May 29. The price band has been set at Rs 132 to Rs 135 per share, with a lot size of 1,000 shares. This is a book-built issue entirely comprising a fresh issue of 30 lakh equity shares. The IPO will be listed on the NSE Emerge platform.Smart Horizon Capital Advisors is the sole book-running lead manager, while Maashitla Securities will act as the registrar. The anchor book will open on May 26, 2025. The IPO allocates 8,35,000 shares to anchor investors, 1,56,0..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement