{"id":2744,"date":"2024-02-28T03:13:28","date_gmt":"2024-02-27T21:43:28","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2744"},"modified":"2026-04-23T17:10:26","modified_gmt":"2026-04-23T11:40:26","slug":"macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/","title":{"rendered":"Macleods Pharma Promoters Acquire \u20b9101 Cr Bungalow in Mumbai\u2019s Juhu"},"content":{"rendered":"\n<p>Promoters of Macleods Pharmaceuticals \u2014 Girdharilal Bawri, Banwarilal Bawri, and Rajendra Agarwal \u2014 acquired a premium bungalow in Juhu, Mumbai, for \u20b9101 crore, according to property registration documents accessed by <a href=\"https:\/\/www.crematrix.com\/\">CRE Matrix<\/a>. The transaction highlights strong demand for ultra-luxury residential assets in prime micro-markets. Business families and high-net-worth individuals (HNIs) continue to drive this demand.<\/p>\n\n\n\n<h2><strong>Deal Details<\/strong><\/h2>\n\n\n\n<p>The acquisition was executed through Agarwal Holdings. It involves a ground-plus-one bungalow located in the upscale JVPD Scheme in Vile Parle. The property spans over 3,604 sq ft of built-up area across the ground and first floors. It also includes an additional 1,084 sq ft terrace. The bungalow stands on a plot held under leasehold rights for 999 years starting March 1962.<\/p>\n\n\n\n<p>The transaction was registered on February 20. The buyers paid \u20b96.06 crore as stamp duty. Such bungalow deals in Mumbai remain limited in supply. They command a premium due to land ownership, exclusivity, and strong redevelopment potential in established micro-markets.<\/p>\n\n\n\n<h2><strong>Juhu as a Prime Residential Micro-Market<\/strong><\/h2>\n\n\n\n<p>From a location perspective, Juhu remains one of Mumbai\u2019s most prestigious residential micro-markets. It is known for its coastal stretch, premium lifestyle, and strong social infrastructure. The area houses celebrities, industrialists, and established business families. This makes it one of the most aspirational residential addresses in the city.<\/p>\n\n\n\n<p>The locality offers seamless connectivity to the airport and major parts of the Western suburbs. This connectivity supports steady end-user demand and helps sustain long-term residential value.<\/p>\n\n\n\n<h2><strong>Limited Supply of Bungalow Properties<\/strong><\/h2>\n\n\n\n<p>Limited availability of independent homes is a key factor supporting this market. The area follows low-density planning norms. These norms restrict large-scale redevelopment and new supply. This scarcity creates strong pricing power for existing bungalow assets. These assets remain rare due to their land component and long-term value potential. Families often hold such properties for generations. When they enter the market, they attract strong demand and premium valuations.<\/p>\n\n\n\n<h2><strong>Investment Trends in Luxury Real Estate<\/strong><\/h2>\n\n\n\n<p>From an investment perspective, this \u20b9101 crore transaction reflects a broader trend in India\u2019s luxury real estate market. Business families and promoters are increasingly investing in premium residential assets as part of long-term wealth strategies.<\/p>\n\n\n\n<p>Rising wealth creation across sectors such as pharmaceuticals, finance, and technology is driving this demand. Investors prefer tangible assets like real estate for stability and capital preservation.<\/p>\n\n\n\n<p>In established micro-markets like Juhu, limited supply supports pricing strength. Consistent end-user demand also plays a key role. As a result, such locations remain preferred for high-value real estate investments and long-term capital appreciation.<\/p>\n\n\n\n<p> Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights.&nbsp;<a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now<\/a>. <\/p>\n\n\n\n<h2 id=\"section-5\"><strong>Media Mentions<\/strong><\/h2>\n\n\n\n<ul><li><strong>The Economic Times:<\/strong> <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/property-\/-cstruction\/macleods-pharma-promoters-buy-bungalow-in-mumbais-juhu-for-rs-101-cr\/articleshow\/108080306.cms\" rel=\"nofollow\">Macleods Pharma promoters buy bungalow in Mumbai\u2019s Juhu for Rs 101 cr<\/a><\/li><li><strong>The Realty Today:<\/strong> <a href=\"https:\/\/realty.economictimes.indiatimes.com\/news\/residential\/macleods-pharma-promoters-buy-bungalow-in-mumbais-juhu-for-rs-101-crore\/108089608?utm_source=top_news&amp;utm_medium=tagListing\" rel=\"nofollow\">Macleods Pharma promoters buy bungalow in Mumbai&#8217;s Juhu for Rs 101 crore<\/a><\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Promoters of Macleods Pharmaceuticals \u2014 Girdharilal Bawri, Banwarilal Bawri, and Rajendra Agarwal \u2014 acquired a premium bungalow in Juhu, Mumbai, for \u20b9101 crore, according to property registration documents accessed by&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2746,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[154,4,168],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom<\/title>\n<meta name=\"description\" content=\"\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-\u20b9101-cr-bungalow-in-mumbais-juhu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom\" \/>\n<meta property=\"og:description\" content=\"\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-\u20b9101-cr-bungalow-in-mumbais-juhu\/\" \/>\n<meta property=\"og:site_name\" content=\"CRE Matrix\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-27T21:43:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-23T11:40:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1216\" \/>\n\t<meta property=\"og:image:height\" content=\"832\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Abhishek Kiran Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\",\"url\":\"https:\/\/www.crematrix.com\/blog\/\",\"name\":\"CRE Matrix\",\"description\":\"A Deep Analytics Platform for Real Estate\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png\",\"contentUrl\":\"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png\",\"width\":1216,\"height\":832,\"caption\":\"Macleods Pharma promoters\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#webpage\",\"url\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/\",\"name\":\"\\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom\",\"isPartOf\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#primaryimage\"},\"datePublished\":\"2024-02-27T21:43:28+00:00\",\"dateModified\":\"2026-04-23T11:40:26+00:00\",\"author\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\"},\"description\":\"\\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.crematrix.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Macleods Pharma Promoters Acquire \\u20b9101 Cr Bungalow in Mumbai\\u2019s Juhu\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1\",\"name\":\"Abhishek Kiran Gupta\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.crematrix.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g\",\"caption\":\"Abhishek Kiran Gupta\"},\"description\":\"CEO and Co-Founder\",\"sameAs\":[\"https:\/\/www.facebook.com\/abhishek.k.gupta.1840\",\"https:\/\/www.instagram.com\/abhishekkirangupta\/\",\"https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/\",\"https:\/\/www.youtube.com\/@akg_voiceofrealestate\"],\"url\":\"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom","description":"\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-\u20b9101-cr-bungalow-in-mumbais-juhu\/","og_locale":"en_US","og_type":"article","og_title":"\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom","og_description":"\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.","og_url":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-\u20b9101-cr-bungalow-in-mumbais-juhu\/","og_site_name":"CRE Matrix","article_author":"https:\/\/www.facebook.com\/abhishek.k.gupta.1840","article_published_time":"2024-02-27T21:43:28+00:00","article_modified_time":"2026-04-23T11:40:26+00:00","og_image":[{"width":1216,"height":832,"url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png","path":"\/app\/public\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png","size":"full","id":2746,"alt":"Macleods Pharma promoters","pixels":1011712,"type":"image\/png"}],"twitter_card":"summary","twitter_misc":{"Written by":"Abhishek Kiran Gupta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.crematrix.com\/blog\/#website","url":"https:\/\/www.crematrix.com\/blog\/","name":"CRE Matrix","description":"A Deep Analytics Platform for Real Estate","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.crematrix.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png","contentUrl":"https:\/\/www.crematrix.com\/blog\/wp-content\/uploads\/2026\/04\/Macleods-Pharma-promoters-BLOG-1.png","width":1216,"height":832,"caption":"Macleods Pharma promoters"},{"@type":"WebPage","@id":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#webpage","url":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/","name":"\u20b9101 Cr Juhu Bungalow Deal Highlights Mumbai Luxury Real Estate Boom","isPartOf":{"@id":"https:\/\/www.crematrix.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#primaryimage"},"datePublished":"2024-02-27T21:43:28+00:00","dateModified":"2026-04-23T11:40:26+00:00","author":{"@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1"},"description":"\u20b9101 crore Juhu bungalow deal highlights strong demand in Mumbai luxury real estate, driven by high-net-worth investors and limited supply.","breadcrumb":{"@id":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.crematrix.com\/blog\/macleods-pharma-promoters-acquire-%e2%82%b9101-cr-bungalow-in-mumbais-juhu\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.crematrix.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Macleods Pharma Promoters Acquire \u20b9101 Cr Bungalow in Mumbai\u2019s Juhu"}]},{"@type":"Person","@id":"https:\/\/www.crematrix.com\/blog\/#\/schema\/person\/42ca5522d031ca1eeb2e34cbf87ad2c1","name":"Abhishek Kiran Gupta","image":{"@type":"ImageObject","@id":"https:\/\/www.crematrix.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fc84dd3dcfc9e8bf4e7e26921846e788?s=96&d=mm&r=g","caption":"Abhishek Kiran Gupta"},"description":"CEO and Co-Founder","sameAs":["https:\/\/www.facebook.com\/abhishek.k.gupta.1840","https:\/\/www.instagram.com\/abhishekkirangupta\/","https:\/\/www.linkedin.com\/in\/abhishek-kiran-gupta-466ba64\/","https:\/\/www.youtube.com\/@akg_voiceofrealestate"],"url":"https:\/\/www.crematrix.com\/blog\/author\/crematrix\/"}]}},"_links":{"self":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/2744"}],"collection":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/comments?post=2744"}],"version-history":[{"count":5,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/2744\/revisions"}],"predecessor-version":[{"id":2761,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/posts\/2744\/revisions\/2761"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media\/2746"}],"wp:attachment":[{"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/media?parent=2744"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/categories?post=2744"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.crematrix.com\/blog\/wp-json\/wp\/v2\/tags?post=2744"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}