Industrialist and chairperson of Godrej Agrovet, Nadir Godrej, has bought three apartments in Mumbai's Malabar Hill for Rs 180 crore, according to documents accessed by Zapkey.
The apartment, sprawling over 13,831 sq ft, was sold at Rs 1.3 lakh per square feet and is located in the posh Ruparel House. The seller is JSW Realty.
According to the details, each apartment has a carpet area of 4,610 sq ft and is on the sixth, seventh, and eighth floors. The sale agreement was signed on June 12. Godrej paid a stamp duty of Rs 3.5 crore for each apartment.
Queries sent to Godrej did not get any response.
Malabar Hill, which houses some of the wealthiest industrialists in India, is one of the costliest neighbourhoods in Mumbai.
Over the last two years, several micro-markets in South Mumbai, along with Malabar Hill, have been witnessing major redevelopment work. According to Savills India, the micro-market of Malabar Hill, including Walkeshwar and Nepean Sea Road in South Mumbai sees a surge in redevelopment projects by reputed developers.
In March, Rekha Jhunjhunwala, widow of the late billionaire stock investor Rakesh Jhunjhunwala, purchased almost all the units in a building to ward off any obstruction to the vista of the Arabian Sea from her Malabar Hill home. Jhunjhunwala's RARE Villa residence sits just behind sea-facing Rockside CHS, which was up for redevelopment.
Last year, Asha Mukul Agrawal, director at Param Capital, a leading capital market trading and investment firm founded by Mukul Agrawal, purchased three apartments in Lodha Malabar, Mumbai for Rs 263 crore.
These apartments are located in Lodha Malabar, Walkeshwar Road, and Malabar Hill in Mumbai.
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