Mumbai : 6,000 sq. ft flat Sold for Rs. 53 crore

One apartment located in the main area of Pedder Road, measuring  nearly 6,000 sq.ft (Square Feet), was sold for Rs. 53 crore. It was at an average cost of Rs. 88,300 per sq. ft.
The Pedder Road location of the resale property has easy accessibility to CBD, SCBD and other office locations.

The area is sought after by many corporate leaders, HNI's (High Net worth Individuals) & others and has been witnessing some interest. Because, lack of new projects and fewer resale projects, the number of transactions in the Pedder Road area has been very low.

Src: Cushman & Wakefield
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