Nadir Godrej Family Acquires Luxury Apartments in Mumbai's Malabar Hill for Rs 180 Cr
Godrej Industries' Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in Mumbai's Malabar Hill for a total of nearly Rs 180 crore.
Real EstateLuxury ApartmentsMumbaiMalabar HillNadir GodrejGodrej IndustriesJsw GroupJsw RealtyReal EstateJun 17, 2024
The three apartments, situated on the sixth, seventh, and eighth floors of the upcoming tower, have a total area of 13,836 sq ft, including 1,029 sq ft of exclusive deck and covered balcony. Godrej, along with his two sons Burjis and Hormusji, paid Rs 10.79 crore as stamp duty alone for the registration of the deals, which took place on June 12.
As part of the deal, the buyers will also get exclusive access to 12 car parking slots in the exclusive tower, which comprises 14 residential levels, each with a single apartment per floor. The project is expected to be delivered by December 2027.
The property deal, including stamp duty and GST, is valued at Rs 1.44 lakh per sq ft, making it one of the most expensive transactions in the country. Mumbai has been leading the pack as the country's biggest and most expensive property market, with sales of residential properties scaling an all-time high in 2023. South and central Mumbai, home to India's most expensive apartments, have been driving this performance, with many large-ticket record-setting transactions involving industrialists, CXOs, actors, and sports personalities in the last few years.
Information
Godrej Industries is a part of the Godrej Group, a leading Indian conglomerate with interests in real estate, consumer goods, and industrial engineering.
JSW Group is a leading Indian business conglomerate with interests in steel, energy, and infrastructure.
Godrej Industries is a leading Indian company with a diverse portfolio of businesses, including real estate, consumer goods, and industrial engineering. The company is committed to delivering high-quality products and services to its customers.
JSW Realty is a real estate development subsidiary of the JSW Group, with a focus on developing high-end residential and commercial projects across India.
Frequently Asked Questions
Who acquired three luxury apartments in Mumbai's Malabar Hill?
Godrej Industries' Chairman Nadir Godrej and his family acquired the apartments.
How much did the three apartments cost?
The three apartments cost nearly Rs 180 crore.
What is the area of the three apartments?
The three apartments have a total area of 13,836 sq ft.
Who is the developer of the Ruparel House project?
R House Realty, a subsidiary of the JSW Group, is the developer of the project.
When is the project expected to be delivered?
The project is expected to be delivered by December 2027.
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