Rajeev Gulati, the CEO of Mahashian Di Hatti (MDH), has purchased a bungalow in Delhi s Vasant Vihar for ₹36 crore. The bungalow spans 355 square meters and the transaction included a stamp duty of ₹2.16 crore. Gulati, the son of the late founder, can be seen in MDH s latest ad campaign. The Gulati family, who already resides in the area, has been looking to expand for some time.
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New Delhi: Malaysia-headquartered IQI, an real estate agency and advisory firm, has launched operations in India with plans to invest Rs 100 crore to acquire grade A commercial and retail assets in the country, a senior official said.
Besides facilitating real estate transactions, the company is looking to acquire fresh land to construct residential and commercial projects.
“We have already identified assets, which we will acquire in coming days. To start with, Rs 100 crore investment will be made, which will grow as we progress. We will monetise the acquired property at the right time,” said Pankaz Jaiin, Managing Director & CEO, IQI India.