Asha Mukul Agrawal of Param Capital Buys Triple Luxury Residences in Lodha Malabar For INR 263 Crore From Macrotech Developers

Asha Mukul Agrawal, a distinguished director at Param Capital, a forefront firm in capital market trading and investment, has made a significant investment in the Mumbai real estate sector by acquiring three luxurious apartments in the esteemed Lodha Malabar, Mumbai, for a cumulative amount of Rs 263 crore.

This information has been verified through documents procured by IndexTap.com

Location & Developer Details:

The acquired properties are situated in the illustrious Lodha Malabar on Walkeshwar Road, Malabar Hill, a prime location in Mumbai, and have been purchased from the esteemed Macrotech Developers Ltd, also widely recognized as the Lodha Group. The Lodha Group is developing these apartments as part of their Malabar Palaces project.

Transaction Specifics:

Ms. Agrawal secured two lavish units on the 25th floor for an agreed value of approximately Rs 132 crore, with a stamp duty of Rs 6.63 crore paid, officially registered on September 27. These units, offering a spacious area of 9,719 sq ft, also include provisions for five car parkings.

Additionally, Ms. Agrawal invested in a third luxury apartment on the 24th floor, valued at around Rs 130.24 crore, with a corresponding stamp duty of Rs 6.51 crore. This apartment spans an area of 9,535 sq. ft.

Conclusion:

This acquisition by Asha Mukul Agrawal, from the renowned Param Capital, underscores the appeal and value of high-end real estate in prime locations like Malabar Hill, Mumbai. The strategic location, coupled with the reputation of Macrotech Developers, makes these properties a noteworthy investment, reflecting the robustness and allure of the luxury real estate market in the region.