Motown diaries: Expect double-digit wholesale growth in December
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Retail sales have been flat, channel checks indicate. So, wholesale growth has been driven by restocking by dealers ahead of planned price hikes by automakers, say analysts tracking the auto market.
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NEW DELHI: Reflecting the economic recovery and revival in demand, analysts expect a strong wholesale growth rate for tractors, two-wheelers and passenger vehicles in December. At the same time commercial vehicles sales are also expected to improve.
Retail sales have been flat, channel checks indicate. So, wholesale growth has been driven by restocking by dealers ahead of planned price hikes by automakers, say analysts tracking the auto market.
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Daftary family of Bharat Serums and Vaccines buys two apartments in Mumbai high-rise for Rs 101 crore
Daftary family, the proprietors of Bharat Serums and Vaccines Limited, paid Rs 1.62 lakh per sq ft for the apartments in Carmichael Residences.
Representative picture (REUTERS)
In one of the most expensive residential deals concluded in 2020, the Daftary family - the proprietors of Bharat Serums and Vaccines Limited - has purchased two apartments in Carmichael Residences for Rs 101 crore.
The 22-storey luxury residential building, Carmichael Residences, is located on Altamount-Carmichael Road in South Bombay, as per a Free Press Journal report.
Each apartment measures over 3,185 sq ft and the building has two apartments on each floor. The Daftary family bought the apartments on the 20th floor of the high-rise.
Bharat Serum & Vaccines Daftary family buys two SOBO luxury apartments for Rs 101 crore
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In July, Anurang Jain, managing director of auto component maker Endurance Technologies bought two apartments in the same tower for Rs 100 crore, the largest residential transaction of 2020 until now. The billionaire nephew of Bajaj Auto patriarch Rahul Bajaj purchased one more apartment in this luxury tower for Rs 39 crore in October.
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The government of Maharashtra has reduced stamp duty to 2% from 5% till December-end and 3% between January and March 2021 in a bid to encourage home sales.
MUMBAI: In one of the most expensive residential transactions concluded this year, Bharat Serum & Vaccines’ Gautam Daftary has bought an entire floor with two large sea-view apartments in a nearly completed project on South Mumbai Carmichael Road for Rs 101 crore.
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