Priyanjali Mariwala, who leads the ASCENT Foundation, a not-for-profit organization of Marico chairman Harsh Mariwala, has bought a property in Mumbai's upscale Bandra Kurla Complex for Rs 65.25 crore, documents accessed by Zapkey show.
The property sprawling over 9950.1 sq ft has four car parking slots. The registration was done on July 1, the documents show. The property is located in Sunteck Signature Island, a luxury development in Bandra.
Mariwala paid a stamp duty of Rs 3.2 crore. The seller is Starlight Systems (I) Pvt.
A query sent to Mariwala did not get any response.
Sunteck Signature Island houses uber luxury residences and the ownership is by invitation only. According to the company’s website, these apartments are inspired by Manhattan, Singapore and Hong Kong. Several business tycoons and Bollywood stars have units in this project which is located a stone’s throw away from the central business district BKC.
The BKC is one of the costliest commercial districts in India, and several stakeholders say the premium charged for additional FSI is very high.
BKC houses large corporates primarily from non-IT categories such as banks, insurance companies and other government institutions. The growth driver for this area has been large industries and high-quality office buildings followed by better connectivity infrastructure.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
