J Kumar Infraprojects MD buys two bungalows in Mumbai for Rs 50 crore

J Kumar Infraprojects has several infrastructure projects in Mumbai to its credit. (Representative image)

Nalin Gupta, Managing Director (MD) of J Kumar Infraprojects Ltd, a company that has several infrastructure projects to its credit, including the Navi Mumbai Metro, has bought two bungalows in Juhu for Rs 50 crore, showed documents accessed by IndexTap.com, a real estate advisory firm.

The two bungalows measure 2,247 square feet (sq ft) and 3,403 sq ft respectively, and are located in Juhu Ville Parle Development Finance Scheme, the documents showed.

The sellers are Akshay Vasantlal Mehta and Arnav Akshay Mehta, the documents showed.

The buyers of the bungalow Nalin Gupta and Shalini Nalin Gupta have paid stamp duty of Rs 3 crore on the deal, the Deed of Assignment cum Conveyance showed.

The documents were registered on January 17, 2023.

They showed that the Municipal Corporation of Greater Mumbai had granted completion certificate in 1982 in respect of the bungalows.

There was no comment from Nalin Gupta.

In June 2022, Feat Properties Pvt Ltd, a subsidiary of K Raheja Corp, purchased a 3,278-sq m bungalow in Mumbai’s Juhu area for Rs 182.75 crore from Bollywood director and producer BR Chopra’s family.

In 2021, actor Ajay Devgn had bought a 474.4-sq m bungalow in Mumbai’s Juhu, the address of the rich and the famous, for Rs 47.5 crore for which he took a loan of Rs 18.75 crore.