Largest deal? Rekha Jhunjhunwala’s firm purchases office space in 2 deals for Rs 740 crore in Mumbai

Kinnteisto LLP, the firm run by Rekha Jhunjhunwala, has purchased over 1.94 lakh sq ft of commercial office spaces in the Bandra Kurla Complex (BKC), India's costliest commercial district, and Chandivali area of Mumbai for around Rs 740 crore, according to documents accessed by Propstack, a real-estate data platform.

This is one of the largest commercial deals reported in India in the recent past. The seller in the case of Chandivali is Kanakia Spaces Realty Pvt Ltd, which has sold 68,195 sq ft carpet area for Rs 137.99 crore. The deal is inclusive of 110 car parking slots in the commercial office Boomerang building, according to the documents.

In the case of BKC, the arrangement is for around 1.26 lakh sq ft of built-up area across four floors in the building named The Capital. The deal is for around Rs 601 crore and comes with 124 parking slots. The seller is Wadhwa Group Holdings Pvt Ltd, the documents added showed. Both the deals were registered in October 2023.

When contacted, Rekha Jhunjhunwala told Moneycontrol that the commercial spaces have been bought for the family from a long term perspective.