Jhunjhunwala Co Buys Office Spaces for Over 739 crore





Mumbai: Ace investor Rekha Jhunjhunwala-backed Kinntels- As part of the agreements, the to LLP has acquired over 1.94 lakh sq ft office space in commercial towers in Mumbai’s business district Bandra Kurla Complex (BKC) and Andheri suburb for sq over 739 crore.

Out of these deals, the company has acquired 1.26 lakh sq ft office space spread across four floors in the BKC commercial tower for over 601 crore. The other deal in Andheri comprises over 68,195 sq ft on the 8th floor of the office tower in Andheri.

The buyer has paid stamp duty of over 8.8 lakh for the registration of the property in Andheri commercial tower and 36.06 crore for the property in business district of BKC, taking total stamp duty charges to over 44.06 crore.

In both cases, the company has bought the office space from developers directly showed the documents accessed through Propstack.

Kinnteisto LLP Buys 1.3L Sqft office space in BKC and over 68195 Sqft in andheri.

As part of the agreements, the company will also get access to a total 124 parking slots In BKC tower, while the deal for office space in Andheri will provide access to 110 parking slots. ET’s phone calls and text messages to Rekha Jhunj hunwala remained unanswered until the time of going to press.

Wife of billionaire Investor Rakesh Jhunjhunwala, Rekha herself is also known as one of the leading investors in Indian stock markets.

She is counted amongst top Indian business personalities and wealthy entrepreneurs.


Source- The Economic Times