Luxury Living: Manappuram Finance MD Nandakumar Buys ₹41 Crore Duplex in Mumbai's Bandra West
VP Nandakumar, MD and CEO of Manappuram Finance, has purchased a 4500 sq ft duplex property in Mumbai's Bandra West locality for ₹41.25 crore
Mumbai Real EstateLuxury PropertyManappuram FinanceNobrokerS Raheja DevelopersReal Estate MumbaiJul 04, 2024
The deal was facilitated by proptech unicorn NoBroker, which has recently forayed into the luxury real estate segment. According to property registration documents, the transaction was registered on April 24, 2024, and named S Raheja Developers as the seller. The deal included a stamp duty of ₹2.3 crore.
The duplex apartment, situated in a building with only a single apartment on each floor, offers exclusivity and luxury to its residents. NoBroker, which catered to the specific customer demands for luxury apartments, villas, row houses, and holiday homes in the price range of ₹10 crore and above, said that Mumbai stands out as a key destination for such high-value deals.
Mumbai's real estate market is known for frequent high-end property deals, with a clientele including corporate titans and movie stars. Recently, the Bachchan family made headlines with their high-end property purchases in Mumbai. Amitabh Bachchan acquired two luxury apartments worth nearly ₹7 crore in Mumbai's Borivali suburb, following son Abhishek Bachchan's purchase of six residential units in the same project for ₹15.42 crore. Bachchan Senior also purchased three office units worth nearly ₹60 crore in Andheri West.
Information
Manappuram Finance is a Kerala-based non-banking financial company (NBFC) that provides various financial services, including gold loans, vehicle loans, and home loans. The company has a strong presence in southern India and is known for its gold loan business.
NoBroker is a proptech unicorn that provides a digital platform for buying, selling, and renting properties. The company has recently forayed into the luxury real estate segment, catering to specific customer demands for high-end properties.
S Raheja Developers is a well-known real estate developer in Mumbai, known for its luxury residential projects.
Frequently Asked Questions
Who is the MD and CEO of Manappuram Finance?
VP Nandakumar
What is the location of the duplex apartment purchased by VP Nandakumar?
Bandra West, Mumbai
What is the value of the duplex apartment purchased by VP Nandakumar?
₹41.25 crore
Who facilitated the transaction of the duplex apartment?
NoBroker
What is the price range of luxury properties catered to by NoBroker?
₹10 crore and above
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