A luxury apartment in Mumbai has been sold for Rs 130.24 crore, reflecting the recent surge in the city s high-end residential market. The buyer, Asha Mukul Agarwal, also purchased two apartments for over Rs 132.75 crore. Mumbai has been witnessing record-setting transactions in its real estate market, with celebrities and high-net-worth individuals making significant purchases. Sales of luxury homes in Mumbai costing Rs 10 crore and above rose nearly 50% in the first half of 2023. The market is expected to continue to thrive due to the growing wealth in India and the city s rising number of millionaires.
Goldman Sachs is likely to convert a part of the debt it advanced to PharmEasy into equity, following the upcoming rights issue of about $424 million (₹3,500 crore) by the online pharmacy that is due to open on September 4, sources aware of the matter said.
As foreign investors betting on Indian bourses face a new regime of elaborate disclosures, appeals are being made to the market regulator to spare those with insignificant holdings in local listed entities from sharing granular information.