Agarwal Holdings Completes Rs. 455 Crore Land Parcel Acquisition in Juhu
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 registration documents reviewed by Square Yards, the land parcel covers an area of approximately 1,819.90 sq. m (19,589.22 sq. ft). The deal, completed in November 2024, involved a stamp duty payment of Rs. 27.30 crore and registration charges of Rs. 30,000. This transaction marks another step in Agarwal Holdings’ approach to securing land assets in Mumbai.
This acquisition follows Agarwal Holdings’ earlier purchases in Juhu in September 2022. The company had acquired two land parcels measuring 3,969 sq. m (~42,721.92 sq. ft) and 3,019 sq. m (~32,496.21 sq. ft), for a total value of Rs. 332.8 crore. These transactions illustrate the company’s ongoing focus on strengthening its land portfolio in key areas.
Anand Moorthy, Co-founder and CBO of Capital Market & Services at 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. Recent transactions, such as Agarwal Holdings Private Limited’s recent land acquisition in Juhu, highlight the city’s enduring appeal for both commercial and residential investments. Key hubs such as the Bandra-Kurla Complex (BKC) and locations across Southern and Western Mumbai have established themselves as sought-after destinations for commercial and luxury real estate. 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.”
Juhu has remained a preferred area in Mumbai’s real estate market. Known for its coastal location, proximity to the international airport, and social infrastructure, the locality continues to attract high-net-worth individuals and public figures. Its accessibility and amenities, along with the presence of Juhu Beach, make it a favored destination for residential investment.
Agarwal Holdings Private Limited, incorporated on December 11, 2020, is registered with the Registrar of Companies in Mumbai. The company focuses on activities that support financial institutions, such as managing loan applications, conducting credit analyses, offering investment advice, and facilitating financial transactions. These services cater to banks, investment firms, and insurance companies, contributing to their operational efficiency.
Mumbai’s real estate sector continues to see interest from investors due to its economic importance, demand for property, and limited availability of land. Locations like Juhu, known for their infrastructure and connectivity, remain high on the list for developers and buyers. Agarwal Holdings’ recent acquisition reflects its strategic efforts to secure valuable land assets in such locations.
With its ongoing investments in Juhu and similar areas, Agarwal Holdings is steadily building a strong presence in Mumbai’s real estate market. The company’s focus on land acquisitions in competitive neighborhoods aligns with its broader goals for long-term growth and portfolio expansion.
