[ad_1]
Madhav GoyalDirector of leading synthetic fiber rope manufacturer tudropsBuys luxury sea view apartment in South Mumbai for Rs 121 cr Malabar Hill from realty developer Lodha Group,
Spread over 9,546 sq ft, this apartment is on the 19th floor of Super Luxury. residential The tower is located on the posh Walkeshwar Road opposite Lodha Malabar, the Governor’s Estate. The under-construction tower is adjacent to the Arabian Sea and Hanging Gardens.
The deal has priced the apartments at approximately Rs 1.27 lakh per sq ft, making it one of the costliest residential transactions in the country on a per sq ft basis. The buyer is the son of Tdrops founder Arun Goel.
He has bought the apartment from a listed company of Lodha Group Macrotech Developers And has paid stamp duty of Rs 7.26 crore for the deal. Documents accessed by indextap.com show the deal was registered on Thursday.
Recently, the chairman of Bajaj Auto Neeraj Bajaj In India’s costliest apartment deal ever, bought a sea-view luxury triplex penthouse in the same tower for over Rs 252.50 crore.
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 email query to the Lodha Group remained unanswered till the time of going to press, while Goyal could not be immediately reached for comment.
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.
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.
[ad_2]
Source link