Deutsche Bank has put the bungalow under auction with a reserve price of Rs 25 crore. The carpet area of the bungalow measures 1,164 sqft along with open space of 2,175 sqft.
Agarwal Holdings: The bungalow with over 3,604 sq ft built up area across the ground and first floor, and 1,084 sq ft terrace has been built on a plot that is under leasehold rights for 999 years starting March 1962.
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.
Promoters of Macleods Pharmaceuticals, Girdharilal Bawri, Banwarilal Bawri, and Rajendra Agarwal, through their group entity Agarwal Holdings, have acquired a land parcel and bungalow in Juhu, Mumbai for Rs 101 crore. The deal was registered on February 20, and the stamp duty paid was Rs 6.06 crore.