Girdhari Lal Bawri, Managing Director of Macleods Pharmaceuticals, has purchased a 3,600 sqft bungalow on an over 7,000 sqft plot in Vile Parle area of Mumbai for Rs 101 crore, according to documents accessed by IndexTap.com.
Bawri has also additionally paid Rs 6.06 crore stamp duty and Rs 30,000 of registration fees, taking the purchase cost to Rs 106 crore, according to property registration documents.
The deal was registered on February 16, 2024. The ground plus one bungalow is located in the JVPD scheme area of Vile Parle. The area is also known for having height restrictions owing to defence installation in and around Juhu.
Bawri's deal is the second bungalow deal in the Mumbai real estate market in the last three months after Bollywood actor John Abraham in December 2023 purchased a bungalow for Rs 70 crore in Khar area of Mumbai.
Abraham had purchased a 5,416 sqft bungalow in Khar area of Mumbai along with the land of 7,722 sqft on which the bungalow is situated. The bungalow is located in Khar's Linking Road, which is one of the biggest retail high streets of Mumbai and is also known for several educational institutions in the vicinity.
Also read: Bollywood actor John Abraham purchases bungalow in Mumbai for Rs 70.83 crore
About Macleods Pharma
Macleods Pharma was established in 1989, and is engaged in developing, manufacturing, and marketing several major therapeutic areas including anti-infectives, cardiovascular, anti-diabetic, dermatology, and hormone treatment.
Also read: Why Buy Now, Pay Later is making a comeback in the Mumbai real estate market?
A query sent to Macleods Pharma on the transaction did not get any response.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
