The real estate sector continues to see significant growth, with many billionaires, industrialists and businessmen investing and expanding their property portfolios. Apart from residential properties, these rich indian Are also acquiring commercial spaces. In the latest update, an Indian billionaire, who bought one of the most expensive properties in London in 2023 for Rs 1,444 crore, has recently spent Rs 395 crore to acquire a commercial property in Pune. Scroll down to know more details about the Indian billionaire who bought real estate transactions and commercial space.
This Indian billionaire, who bought a huge mansion in London for Rs 1,444 crore, has spent Rs 395 crore on a 1.75 lakh square feet property in Pune. find out who it is
Serum Institute of India CEO Adar Poonawala had bought a 25,000-square-foot mansion in Mayfair. Londonaccording to financial TimesThe Indian businessman had paid £138 million (about Rs 1,444 crore) for the huge property. Now, Poonawala's company Rising Sun Holdings Pvt Ltd (RSHPL) has bought 1.75 lakh sq ft of commercial office space in Pune for Rs 395 crore. Moneycontrol, Hindustan Times And other reports.
The above reports also reveal that the real estate deal happened through four transactions that were registered on September 11, 2024. Cerebrum is spread over several floors of the IT park PunePoonawala had purchased the commercial space of Hinjewadi from Jawareh Soli Poonawala, brother of his father Cyrus Poonawala. Reports also suggest that Poonawala paid a total stamp duty of Rs 27.65 crore to complete the transaction.
according to money controlPoonawalla Group is expanding its real estate portfolio in Pune. They have collaborated with Pune-based developer Panchsheel Realty to build a business park and a hotel in Yerwada. The latter is managed by the Ritz-Carlton brand.
Other real estate deals
In 2023, Adar Poonawala Spent £138 million (about Rs 1,444 crore) to buy one of the most expensive houses LondonThe nearly century-old estate, previously owned by Dominika Kulczyk (daughter of Jan Kulczyk, a late Polish businessman), is located near Hyde Park.
net worth
according to Indian Express, Financial Express And as per publicly available data, Adar Poonawala's estimated net worth is Rs 1,07,533 crore. Meanwhile, his father and founder of the Serum Institute of India, Cyrus Poonawala According to , he is one of the richest persons in the country with a net worth of $20.7 billion (approximately Rs 1,72,616 crore). forbes,
