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Amway Global CEO Milind Pant sold an apartment in the magnolias 18.9 crore in Gurgaon, documents accessed through real estate data analytics firm CRE Matrix showed.
The owner of the apartment was Amrita Pant, Milind’s wife, and she sold it through a power of attorney.
According to market sources, the apartment is approximately 6,500 sq ft in size and was sold in October last year for around Rs 30,000 per sq ft. The current resale is happening at Rs 40,000 per sq ft as the pieces have appreciated on DLF Super luxury condominium. Amway Global declined to comment on the deal.
“Development Trajectory of residential The sector is set to scale new heights with sales expected to reach an all-time high in 2022,” said Gaurav Kumar, Managing Director, Capital Markets & Residential Business CBRE India, “The sector records 46% year-on-year growth with 295,000 units sold in 2022, with Delhi-NCR ranking among the top three cities in terms of sales with an 18% share.”
“The region is witnessing growth in the premium and luxury segments, and a good recovery in the residential segment.
Especially after the pandemic hiatus, the appetite for home ownership has increased owing to the increased demand,” said Kumar.
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