The Mumbai
city's property market may be in a slump. But, that has not deterred another
staggering real estate transaction from taking place.
In the second
most expensive per square feet flat deal
in India, a sea-facing duplex in Worli has been sold at an astounding Rs ,43
crore.
A leading
glassware manufacturer , Borosil, last
week purchased the duplex spread on the 9th and 10th floors of the tony Samudra
Mahal building in a deal that works out to roughly Rs. 1.18 Lakh per squae
feet.
The buy
outstrips the earlier record of Rs. 1.07 lakh per square feet in the 28 storey
marquee building, which is house to many corporate bigwigs, industrialists and
erstwhile royalty. But, it is still behind the June 2012 sale of a flat in
Tahnee Heights on Napean Sea Road; struck at Rs. 1.2 lakh per square feet, that
remains the costliest deal for a private flat in India.
Mr.Pradeep
Kheruka, Vice Chairman, Borosil confirmed the Samudra Mahal deal, saying that
the duplex was purchased by the company for investment and after getting the
approval of the board of directors.
"The
purchase is not by the Kheruka family" Mr.Pradeep Kheruka explained.
The 4 bedroom
flat spread above 3,638 square feet built up area & with servant quarters -
was owned by Ms.Sonya Jethmal. Jethmal is reportedly related to the Mulchandani
family, which owned the once famous consumer electronics brand Bush. An NRI(Non
- Residentail Indian) settled in the US, Jethmal had been trying to sell the
upscale flat for the past 5 years.
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