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Neeraj BajajPresident of Bajaj Autobuys luxury triplex penthouse with sea views in south for over Rs 252.50 crore Mumbai‘S Malabar Hill From realty developer Lodha Group in India’s costliest apartment deal.
Apartments on the 29th, 30th and 31st floors of the super-luxury residential The tower is located on the plush Walkeshwar Road opposite Lodha Malabar, the governor’s estate, touching both the Arabian Sea and the Hanging Gardens.
The deal values the triplex, known as Samrat’s Palace, with a total area of 18,008 sq ft at over Rs 1.40 lakh per sq ft, making it among the most expensive residential transactions in the country on a per sq ft basis. Pushes. ,
On 12,624 sq ft carpet area, the apartment is priced at over Rs 2 lakh per sq ft.
Bajaj bought this apartment from a listed company of Lodha Group Macrotech Developers And has paid stamp duty of Rs 15.15 crore for the deal.
Along with the apartment, the buyer will get exclusive access to eight car parking slots. Documents accessed through IndexTap.com show the deal was concluded and registered on Monday.
Spread over a total area of 1.08 acres, the under-construction luxury tower is slated to be completed by June 2026, according to regulatory filings.
ET’s separate email queries to Neeraj Bajaj and Lodha Group remained unanswered till press time on Tuesday.
in February, Welspun Group Chairman BK Goenka bought a penthouse in Mumbai’s affluent Worli area for Rs 240 crore in the costliest residential transaction till then. After this deal, oberoi realty For another luxury penthouse in the same project, Rs 230.55 crore was paid.
Sales of luxury properties have increased following the announcement in the Union Budget 2023-24 to limit deduction from capital gains on investment in residential property to Rs 10 crore from April 1.
Between October and November, members of the Rahul Bajaj family bought five sea-view apartments in the luxury housing project raheja vivaria 104 crores approximately in Mahalaxmi area of South Mumbai.
Neeraj Bajaj Bajaj is one of the promoters of the group, which has over 50,000 employees and a market capitalization of over Rs 900,000 crore, making it one of the largest family business houses in the country.
He is the chairman of Bachraj & Co, Jamnalal Sons and several other Bajaj group companies. is also the Chairman and Managing Director of Mukand Limited and vice versa Bajaj Holdings & Investments Ltd., and is also on the Board of Directors of Bajaj Allianz Life Insurance Company Ltd. and Bajaj Allianz General Insurance Company Ltd.
Malabar Hill and Walkeshwar Road are among the most sought-after addresses in the country. Micro Market is known for its proximity to business hubs and traditional luxury pin codes of India. This includes many high-profile names including industrialists, corporate dignitaries, wealthy individuals and C-suite professionals.
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