Reports recommend that the proceeds of this sale might be used for charitable functions. (Representative picture)
The newest buy provides to the lengthy record of high-profile properties owned by Aditya Birla Group’s chairman Kumar Mangalam Birla in Mumbai.
Aditya Birla Group’s BGH Properties has bought a bungalow in certainly one of Mumbai’s most posh areas for over Rs 220 crore. The sprawling bungalow has a complete gross built-up space of over 70,000 sq ft and a constructed space of practically 19,000 sq ft together with lined garages.
According to the paperwork accessed by Zapkey.com, BGH Properties paid a stamp obligation of Rs 13.20 crore for the registration of the deal which was concluded on April 10. According to a ToI report , the bottom plus two-storey bungalow, named Sunny Ville, is unfold over practically half an acre on South Mumbai’s Carmichael Road.
The transaction has been carried out by a Deed of Transfer. Reportedly, the half-acre property belonged to a Parsi girl, Ernie Kharshedji Dubash, who handed away in 2013.
BGH Properties has now acquired the bungalow from the Estate of Ernie Kharshedji Dubash by her surviving will executors Darious Sorab Cambatta, Cyrus Soli Nallaseth, Adi N Palia, Chetan Mahendra Shah and Adi Hirji Jehangir. Reports recommend that the proceeds of this sale might be used for charitable functions.
The newest buy provides to the lengthy record of high-profile properties owned by Aditya Birla Group’s chairman Kumar Mangalam Birla in Mumbai.
In September 2015, the billionaire industrialist grabbed the headlines when he acquired the sea-facing bungalow, Jatia House, in India’s largest-ever property deal then. Birla had paid Rs 425 crore for the two-storey palatial home within the metropolis’s Malabar Hill space. The new bungalow, acquired by BGH Properties, isn’t too removed from Jatia House.
Over the previous few years, South Mumbai’s upscale localities of Altamount Road, Carmichael Road, Nepean Sea Road and Malabar Hill have witnessed a number of high-profile property offers.
The who’s who of India Inc and different outstanding celebrities have been shopping for bungalows for his or her private use within the billionaires’ district.
In 2015, vaccine tycoon Cyrus Poonawalla, emerged as the best bidder for the US Consulate’s two-acre Grade III bungalow, Lincoln House, at Breach Candy for Rs 750 crore. In 2014, the Godrej household acquired Homi Bhabha’s Malabar Hill residence, Mehrangir, for Rs 372 crore.
In April 2021, Radhakishan Damani, billionaire investor and founding father of D-Mart, bought a bungalow in Malabar Hill for Rs 1,001 crore, making it the most expensive transaction for a home.
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