Reportedly, brokers mentioned that is seemingly the most costly residential property deal within the nation. (Representative picture)
Reportedly, brokers mentioned that is seemingly the most costly residential property deal within the nation.
Family members of industrialist JP Taparia have purchased six sea-facing properties value round Rs 369 crore in south Mumbai. The sale deed was registered on March 29, 2023. The deal was signed from listed real-estate developer Macrotech Developers.
Reportedly, brokers mentioned that is seemingly the most costly residential property deal within the nation.
The whole space of the residential models is 27,160.6 sq ft. The models are positioned on the twenty sixth, twenty seventh and twenty eighth flooring, paperwork confirmed. The consideration quantity was Rs 369.55 crore. A stamp responsibility of Rs 19.07 crore was paid, Moneycontrol reported.
The residences are within the super-luxury residential tower Lodha Malabar. The properties are positioned on Walkeshwar Road, Malabar Hill space of town. The models include 20 automotive parkings.
Brokers mentioned that the worth of the triplex makes the per-sq ft price nearly Rs 1.36 lakh per sq ft, and is maybe the most costly residential property deal.
JP Taparia Business
JP Taparia is the founding father of the contraceptive merchandise agency Famy Care.
Until 1990, JP Taparia was engaged in hand instruments and engineering enterprise. It was their household enterprise.
Later, he began his personal enterprise with Famy Care which is a number one producer of feminine oral contraceptives and Copper-Ts.
Moreover, on March 13, Bajaj Auto chairman Niraj Bajaj bought a triplex house of over 18,008 sq ft on the highest three flooring of the Lodha Malabar Hill venture for Rs 252.50 crore, setting the file for the most expensive penthouse within the metropolis. The transaction fetched a fee of Rs 1,40,277 per sq ft on the overall space.
In February, DMart founder Radhakishan Damani’s members of the family and associates purchased as many as 28 housing models value Rs 1,238 crore in Mumbai.
Meanwhile, Knight Frank India, in its newest evaluation famous that Mumbai metropolis (space beneath BMC jurisdiction) noticed property gross sales registration of 12,421 models in March 2023, contributing over Rs 1,143 Crores (Cr) to the state revenues.
Of the overall properties registered, 84% had been residential whereas 16% had been non-residential properties. With a income assortment of Rs 1,143 Cr in March 2023, Mumbai registered its highest income assortment since April 2022.
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