Udayavni Special

Adar Poonawala rents a property in London at Rs 50 lakh per week

Team Udayavani, Mar 25, 2021, 2:01 PM IST

Source: Twitter

Adar Poonawala, Chief executive of Serum Institue of India (SII) has entered a rent agreement for a property in London’s exclusive Mayfair area for a record amount of $69,000 which is approximately Rs. 50 lakh a week.

According to a Bloomberg report, he is leasing the home from Polish billionaire Dominika Kulczyk and the property is known to be the largest residences in the neighbourhood. It measures about 25,000 square feet and has an adjoining guest house with access to one of the ‘secret gardens’ of Mayfair.

Adar Poonawalla, son of Cyrus Poonawalla, has failed in a bid to buy the Grosvenor Hotel in Mayfair.

The deal comes in handy to boost the luxury homes market in London which has taken a hit due to Brexit and the coronavirus pandemic.
As per reports, rents in Mayfair have dropped 9 percent in the last five years.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

B’luru: Three health workers sacked for taking bribe for fake COVID-19 reports

Karnataka DyCM directs officials not to force students in hostels to vacate

Ujire Kidnap case: Two accused granted bail

Modi for utilising industry’s full potential to meet oxygen demand

B’luru pvt hospitals body to challenge order on 80% beds for COVID-19

India closer to building world’s biggest nuclear plant: EDF

States must jointly negotiate uniform Covid-19 vaccine price with manufacturers, says Chidambaram




Related Articles More

IAF airlifts empty oxygen tankers, containers to filling stations across India

PM to launch distribution of e-property cards under SWAMITVA scheme on Saturday

COVID-19: 28,447 fresh cases in Kerala, active cases 1.78L

Modi for utilising industry’s full potential to meet oxygen demand

Modi tempers attack on Mamata as he winds up Bengal campaign, says state needs peace for development

MUST WATCH

Do Surgical Masks Protect You from Viruses?

UV Exclusive | Increase in covid but why hiring of ventilator operator

Udayavani 23-April-2021 News Bulletin

D.K. district administration will be able to deal with the situation adequately for the next 15 days: Dr. Rajendra K.V

Mangaluru: 1 arrested in Surathkal animal cruelty case

Latest Additions

IAF airlifts empty oxygen tankers, containers to filling stations across India

B’luru: Three health workers sacked for taking bribe for fake COVID-19 reports

PM to launch distribution of e-property cards under SWAMITVA scheme on Saturday

Karnataka DyCM directs officials not to force students in hostels to vacate

Ujire Kidnap case: Two accused granted bail

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.