Agarwal Holdings Acquires ₹455-Crore Land Parcel in Juhu

Mumbai, December 10, 2024: Agarwal Holdings Private Limited has acquired a land parcel in the highly sought-after Juhu locality of Mumbai, valued at Rs. 455 crore, according to Square Yards. The plot was acquired from Shapoorji Pallonji Gwalior Private Limited, a part of Shapoorji Pallonji Group, a prominent Indian conglomerate with diversified interests across construction and engineering, infrastructure, real estate, energy, and textiles, among others.

According to the registration document reviewed by Square Yards, the land parcel spans an area of approximately 1,819.90 sq. m (19,589.22 sq. ft.). The transaction was finalized and registered in November 2024, with a stamp duty of ₹27.30 crore and registration charges amounting to ₹30,000.

Anand Moorthy, Co-founder and CBO, Capital Market & Services, Square Yards said, “Mumbai’s position as India’s financial capital and a strategic business hub continues to draw BFSI firms and their allied industries to the city. In a market defined by limited land availability and high demand, securing a foothold in Mumbai provides businesses with a competitive edge while offering robust ROI potential on their investment fuelled by escalating land and property values and a thriving commercial ecosystem.”

It is noteworthy that Agarwal Holdings Private Limited acquired land parcels in Mumbai’s Juhu locality in September 2022. The acquisitions cover areas of 3,969 sq. m (42,721.92 sq. ft) and 3,019 sq. m (32,496.21 sq. ft), at a combined value of ₹332.8 crore.

Juhu remains a marquee residential destination in Mumbai, driven by its coastal appeal, proximity to international airport, luxury housing stock, and strong social infrastructure. The locality attracts highnet-worth individuals including several celebrities, leveraging its proximity to Juhu Beach and premium amenities.