Mint reported that Param Capital and Param Capital Research Pvt. Ltd. bought ₹163.08 crore in office space in Mumbai, taking an entire floor at Lodha’s Promina development.
The two purchases cover 20,000 square feet on the 46th floor, according to Mint, which cited property registration records. Mint said the transactions were registered Friday, Nov. 6, and the units are to be combined. The report did not specify how the floor area was measured.
Mint identified investor Mukul Agrawal, Param Capital’s founder, as the person behind the deal. The reported registrations name the two companies as buyers; they do not establish Agrawal’s personal ownership of the space.
Lodha lists Promina Worli as a commercial and retail project under construction. Its project page gives the Maharashtra Real Estate Regulatory Authority (MahaRERA) registration number as PC1170002501811 and describes a tower rising more than 60 storeys.
Fatima Zaidi, head of luxury sales at Anarock Property Consultants, told Mint that a prestigious address and access to Bandra-Kurla Complex, Nariman Point and the airport matter to high-end office buyers. Her comments described considerations in that market, rather than Agrawal’s reason for the reported purchase.
