Latest news with #RaviAgarwal
News18
5 days ago
- Business
- News18
Lloyds Agarwals buy 6 flats for Rs 227 cr in South Mumbai
Mumbai, Jul 18 (PTI) Lloyd Group promoter family has bought six apartments in a tony south Mumbai residential complex for Rs 227 crore, according to data shared on Friday. Ravi Agarwal, the chairman of Lloyd Realty, and Babulal Agarwal, the chairman of Lloyd Group, have bought the units spread across the 18th to 23rd floors of a building on the Altamount Road, as per Zapkey. The overall carpet area of what is a 27-bedroom hall kitchen package is 17,908 sq ft, and the Agarwals have paid Rs 1.26 lakh per sq ft, the data showed. The units in Kalpataru Prive project were bought from Kalpataru Hills Residency on July 11. The new buyers get access to 24 car parking slots as part of the package, it said. PTI AA MR MR Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Economic Times
5 days ago
- Business
- Economic Times
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Synopsis Ravi Agarwal and his family, part of the Lloyds Group promoters, have acquired six sea-view luxury apartments in Mumbai's Kalpataru Prive for over Rs 227 crore. The deal, valued at Rs 1.27 lakh per sq ft, includes a seven-bedroom duplex and 24 car parking slots. This transaction reaffirms Altamount Road's status as a prime residential location. Ravi Agarwal (Image courtesy: Lloyds) Ravi Agarwal, part of the Lloyds Group promoters, and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
Time of India
5 days ago
- Business
- Time of India
Lloyds' promoter family buys luxury apartments in south Mumbai's Altamount Road for Rs 227 crore
Ravi Agarwal, part of the Lloyds Group promoters , and his family have acquired six sea-view super-luxury apartments including a seven-bedroom duplex in a residential tower Kalpataru Prive on south Mumbai's Altamount Road, for over Rs 227 crore. The family has acquired apartments spread across nearly 18,000 sq ft spanning the 18th to 23rd floors of the under-construction premium tower and is valued at Rs 1.27 lakh per sq ft making it rank among the most expensive and the largest residential transactions in the country this year. Explore courses from Top Institutes in Select a Course Category Data Analytics healthcare Technology Finance Operations Management Data Science Others Public Policy Healthcare Degree MCA Cybersecurity Data Science Artificial Intelligence Digital Marketing others Design Thinking Leadership Project Management PGDM Management Product Management MBA CXO Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details The buyers have paid total stamp duty worth nearly Rs 13.29 crore for the registration of these transactions that took place on July 11. The deals will also provide the family exclusive access to 24 car parking slots in the tower, shows the registration documents accessed through The deal reaffirms Altamount Road's status as one of India's most expensive and exclusive residential micro-markets and a neighbourhood long associated with India's wealthiest industrialists and business leaders. Altamount Road has long served as home to industrial and corporate dynasties, top bureaucrats, elite families, and international consulates, earning its iconic nickname Billionaires' Row. Live Events In addition to being part of the Lloyds Group promoter family, Ravi Agarwal is Chairman of Lloyd Realty, the real estate arm of the diversified group, which has interests spanning steel, manufacturing, and infrastructure. ET's separate email queries to the Lloyds Group and the project's developer Kalpataru remained unanswered until the time of going to press. While this is among the largest transactions this year, Mumbai has also witnessed larger record-setting residential deals in 2025, including USV Pharmaceuticals' Leena Gandhi Tewari's Rs 639 crore Worli duplex purchase and Uday Kotak's over Rs 400 crore acquisition of sea-facing apartments recently. Mumbai continues to dominate the country's real estate market maintaining its streak of record-breaking transactions backed by unwavering demand from buyers despite steady growth in property prices and the government's recently announced hike in ready reckoner (RR) rates from April 1. South and Central Mumbai--home to India's costliest residences--have been at the forefront of this boom, attracting a string of high-value deals involving industrialists, senior corporate leaders, film stars, and sports icons in recent years.
India Gazette
30-06-2025
- Business
- India Gazette
CBDT chief directs Faceless officers to avoid irrelevant queries in tax assessments
New Delhi [India], June 30 (ANI): The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has issued strict directives to Faceless Assessment Officers (FAOs) to avoid raising irrelevant queries while conducting faceless assessments, emphasising the need for more focused and case-specific scrutiny procedures. Chairman Ravi Agarwal has written to the Principal Chief Commissioners of Income Tax, directing them to ensure that faceless assessment officers maintain higher standards of inquiry relevance and specificity in their assessments. The CBDT, which serves as the apex body of the Income Tax Department, has released comprehensive guidelines for the compulsory selection of Income Tax Returns (ITRs) for scrutiny during the Financial Year 2025-26. The directive comes as notices under Section 143(2) are being issued for cases selected through the Computer Assisted Scrutiny Selection (CASS) cycle. According to the letter accessed by ANI, initial notices under Section 143(2) are being issued for cases selected based on prescribed parameters and procedures outlined in the new guidelines. Assessing Officers will subsequently issue notices and questionnaires under Section 142(1) as required for these cases. The CBDT chairman emphasised that queries raised during the faceless assessment process must be 'relevant, specific, and grounded in the case's specific circumstances.' The directive explicitly states that irrelevant queries should be completely avoided to improve the efficiency and effectiveness of the assessment process. The new guidelines place significant emphasis on supervisory responsibility. Senior officers in the faceless assessment hierarchy, particularly Unit Heads, including Additional Commissioners and Joint Commissioners of Income Tax, have been tasked with exercising effective supervision over FAOs. These supervisory officers must ensure that FAOs apply due diligence while raising queries and must closely examine whether the queries pertain to the CASS selection criteria of the case under assessment. The Unit Heads will bear direct responsibility for the quality of notices and assessment orders in faceless assessments. To ensure effective implementation, Principal Chief Commissioners of Income Tax have been directed to conduct periodic interactions with faceless assessment units, Chief Commissioners and Principal Commissioners. A mandatory monthly review of notice quality must be undertaken by the Principal Chief Commissioners of Income Tax. The monthly reports from Principal Chief Commissioners must include detailed accounts of steps taken to ensure the quality of notices and assessment orders. This reporting mechanism aims to create accountability and continuous improvement in the faceless assessment process. The directive represents the government's continued efforts to streamline tax administration and reduce unnecessary compliance burden on taxpayers while maintaining the integrity of the assessment process. The faceless assessment system, introduced to minimise human interface and enhance transparency, is being further refined through these quality control measures. The CBDT's emphasis on relevant and specific queries is expected to reduce frivolous inquiries and improve the taxpayer experience while ensuring that legitimate tax assessment objectives are met effectively. (ANI)
Mint
20-06-2025
- Business
- Mint
Small-cap SME stock jumps 3% after partnership with Zomato. Do you own?
Cellecor Gadgets share price rose by 3.4% during Friday's trading session following the firm's announcement of its partnership with Zomato. The company noted in an exchange filing that this collaboration is being managed comprehensively by Orbis Nova, the official third-party operations partner for Zomato's delivery partner app. From bringing brands on board to overseeing procurement, logistics, and partner accessibility, Orbis Nova is efficiently leading the initiative to guarantee effective last-mile distribution, said the company in an exchange, As it embarks on its extensive rollout, Cellecor will supply 10,000 units of its top-tier smart devices, which include compact home appliances, to delivery partners who have been integrated into Zomato through the in-app store. Renowned for their long-lasting battery life, intelligent features, and sturdy construction, these products aim to meet the demands of an always-active, industrious gig workforce. 'We're excited to be part of this meaningful initiative. Delivery partners are the backbone of India's digital economy, and we are proud to contribute to their empowerment with reliable, Made-in-India technology,' said Mr. Ravi Agarwal, Co-Founder and MD of Cellecor Gadgets Limited.
