A Jumabhoy property launch after more than a decade
Third-generation members drive $75 million project in Bangalore, India
[SINGAPORE] The Jumabhoy family that founded Scotts Holdings is marking a new chapter in its storied existence, after third generation members teamed up for the first real estate project under the family banner in more than a decade.
Led by siblings Iqbal, Asad and Mimi Nassem Somjee, the third-generation Jumabhoys have launched Raffles Park, a $75 million project in Bangalore, under Raffles Residency, which they founded and own.
The project marks the first time they have banded under the Jumabhoy family name for a property development since the family's exit from Scotts Holdings in the late 1990's.
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