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Friday, November 27, 2015

Rs 150 Crore for a Mumbai Flat?Yes,It Sets a Record

Privately-owned Lodha Developers has sold a luxury apartment in Mumbai's Altamount Road for Rs 150 crore

At Rs 1.60 lakh per square feet, the selling price of the over 10,000 square feet sea-facing duplex apartment is a new record for domestic residential property

Altamount Road in south Mumbai is counted among the costliest residential locations in the world. Billionaire Mukesh Ambani's 27-storey mansion, Antilia, is also located on Altamount Road.

The tree-lined street was earlier rated as tenth most affluent street in the world in a survey conducted by Wealth-Bulletin, a UK-based online news and analysis provider for global wealth management industry.

The duplex apartment sold on Wednesday Nov 25,2015 is located in a luxury residential project that is coming up on land that once housed Washington House, a US consulate property.

The Lodhas had bought the building in 2012 from the US consulate for Rs 375 crore.

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