Rekha Jhunjhunwala, the spouse of late ace investor Rakesh Jhunjhunwala, bought 9 residences for Rs 118 crore since November 2023 by way of a number of entities.
Rockside CHS, which is simply behind sea-going through Jhunjhunwala’s RARE Villa residence, was up for redevelopment beneath a cluster scheme
Rekha Jhunjhunwala, the spouse of late ace investor Rakesh Jhunjhunwala, has purchased nearly all of the items in a constructing for Rs 118 crore to thrust back any obstruction to the vista of the Arabian Sea from her Malabar Hill residence, in response to a Moneycontrol report.
Rockside CHS, which is simply behind sea-going through Jhunjhunwala’s RARE Villa residence, was up for redevelopment beneath a cluster scheme.
Also Read: Rekha Jhunjhunwala Buys Rs 11.76-Crore Apartment In South Mumbai
Prominent developer Shapoorji Pallonji had submitted a business proposal by way of which every house owner would get an extra carpet space of just about 50 per cent within the redeveloped format.
According to the Moneycontrol report citing paperwork sourced by way of Zapkey, Jhunjhunwala, by way of a number of entities, bought 9 residences for Rs 118 crore since November 2023 after sensing that the redevelopment might doubtlessly prohibit the ocean-view from RARE Villa residence.
Market sources point out that there’s extra with the household having really bought 19 of the 24 residences within the constructing, the report stated.
The sea-going through Walkeshwar is present process a wave of redevelopment as builders look to cater to the uber-wealthy in South Mumbai. Lodha Malabar set that market on hearth with file transactions within the final 18 months. Industrialist JP Taparia of Famy Care did India’s costliest condo deal by buying a triplex for INR 369 crore.
Brokers say Shapoorji Pallonji has paused on the cluster redevelopment technique because it awaits readability on the standing of Rockside CHS beneath its newest majority proprietor.
