Nalin Gupta, MD of J Kumar Infraprojects Purchases Two Bungalows in Juhu, Mumbai

The sale of luxury bungalows in Juhu in January 2023 proves that Mumbai luxury real estate market is healthy and kicking.

Nalin Gupta, the managing director of the Civil Engineering firm J Kumar Infraprojects Ltd, has acquired two neighbouring homes in the exclusive Mumbai neighbourhood of Juhu for a total of INR 50 crore.

The two houses, with a total constructed area of 5,650 square feet, are part of a housing society in Juhu.

Together with his wife Shalini, Gupta has bought the aforementioned property, which was built on a quarter-acre lot.

The purchasers paid 73 crores in stamp duty to register the transaction that took place on January 17, 2023.

While both bungalows have a ground-plus-one-story layout, one is 3,403 square feet in size while the other is 2,247 square feet, according to records obtained by indextap.com, a real estate advice service.

Both Nalin Gupta and his wife are members of the promoter group for J Kumar Infraprojects and own over 7.17 percent of the company's equity via theirrespective direct investment.

The company's major projects include subterranean and elevated metro construction in Mumbai, Delhi, Ahmedabad, Surat, and Pune.

JKumar Infraprojects has begun EPC work on the Mumbai Metro line 2A and line 7 projects, which began operations last week.

In addition to metro projects, the business works in areas of urban infrastructure like as flyovers, subways, bridges, highways, and civil construction.

About J Kumar Infraprojects Limited:

J Kumar Infraprojects Ltd is a Civil Engineering organisation based on Veera Desai Road in Mumbai, Maharashtra, India and is currently working on the Mumbai Underground Metro Line 3, Mumbai Metro Line 4A, Mumbai Metro Line 2B, Mumbai Metro Line 6, and the Pune Elevated Metro, among other ongoing projects.