Industrialist JP Taparia's family has signed India's most expensive residential deal ever, worth Rs 369 crore. The family has bought a sea-view triplex apartment in South Mumbai's Malabar Hill.
As per reports, this luxury apartment was built by the Lodha group and the sale deal was closed on March 29. The apartment is on the 26th, 27th, and 28th floors and is a part of the super-luxury residential tower Lodha Malabar. The tower is located on the plush Walkeshwar Road, opposite the governor's estate. The property touches both the Arabian Sea and the Hanging Gardens.
According to Economic Times, the deal values the triplex with a total area of massive 27,160 sq ft at nearly Rs 1.36 lakh per sq ft, making it one of the country’s most expensive residential transactions on a per-sq-ft basis as well apart from the total value. The Taparias paid Rs 19.07 crore in stamp duties alone.
The under-construction luxury tower is spread over a total area of 1.08 acres and is scheduled to be completed by June 2026