The Most Expensive Real Estate Deals In India
Expensive Real Estate Deals In India : Many States in India are home to some of the priciest homes, from the humming financial centre of Mumbai to the cultural centre of Pune. Real estate acquisitions for thousands of crores have demonstrated the unpredictable character of the market despite an overall low growth rate. The exclusive aspect of real estate is shown by a few high transactional deals listed on navimumbaihouses.com.
A sector of purchasers who can spend lakhs of rupees on one house exists in a nation with a housing deficit of more than 30 million units! Some of India’s priciest homes are hidden away in upscale communities. These opulent homes combine beautiful scenery, cutting-edge features, and unrivalled luxury. You may see some more astounding real estate sales in India.
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Lavasa would pay 1,814 crore for the Darwin Platform Infrastructure.
Lavasa, India’s first private hill station, was recently purchased by the Mumbai-based Darwin Group for a staggering sum of Rs 1,814 crore. Many lenders’ and homeowners’ claims will be addressed by the initiative. The hill station was created by Hindustan Construction Company, and it is situated in the Western Ghats in Mulshi Valley (close to Pune). European design has affected Lavasa’s growth, and infrastructure for cities is being built in and around nearby dams. Over the course of eight years, a total of Rs. 1814 crore will be distributed as follows: Rs. 929 crore will go to lenders, and Rs. 483 crore will be used to build fully finished homes.
Kumar Mangalam Birla will pay $425 million for Jatia House.
The landmark Jatia House on Malabar Hill was purchased by Kumar Mangalam Birla for an astounding Rs 425 crore, making it the most expensive real estate deal in Indian history. The large cottage, which has a view of the sea, is believed to have a built-up size of 25,000 square feet.
Maheshwari House- Sajjan Jindal for Rs 400 crore
Sajjan Jindal of Jindal Steel had held the record for the most expensive real estate transaction before KM Birla made the decision to splash out for the Jatia House. For 400 crore rupees, he purchased the Maheshwari House, which is located along the Napean Sea Road. 2012 saw the completion of this sale for Rs 92,000 per square foot.
Ashok Piramal Group to purchase Bishops Gate for Rs. 272 crore
Bishopsgate, a five-story residential property in Breach Candy that was co-owned by Standard Chartered and the Hong Kong and Shanghai Banking Corporation (HSBC), was sold for Rs 272 crore in 2011. Peninsula Land Ltd, a firm under the Ashok Piramal Group, purchased the land. However, the buyers did not want to utilise the property themselves; instead, they intended to replace it with a high-end housing tower. The building covered 40,000 square feet of space.
Mehrangir- Adi Godrej for Rs 372 crore
The National Centre for the Performing Arts (NCPA), which was the home of Homi J. Bhabha, the man behind the atomic energy programme, auctioned off Mehrangir in 2014. The Godrej family spent Rs 372 crore to purchase the property. The building had a space of more than 17,000 square feet.
Expensive Real Estate Deals In India : Napean Grange- Runwal Group for Rs 350 crore
The expansive colonial structure, Napean Grange, had been purchased by the Runwal Group for an astounding Rs 350 crore back in 2011. The building covers 28,000 square feet of space. The Kapadia family was the first owners. It was going to be taken down and rebuilt as a high-rise structure.
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