2012's Most Expensive Realty Deals in India
Bangalore: When the country is struggling with high property prices, unsold inventories and economic slowdown, the real estate industry is growing strong for rich and famous. Moreover, the posh localities in the country that houses high net worth individuals (HNIs) are raising the margin of property rates. Below listed are some of the most expensive realty deals in India in 2012, reports Samar Srivastava of Forbes.
1. Sajjan Jindal
Property deal: 500 crore
Where: South Mumbai
Three-storey bungalow Maheshwari House in South Mumbai was bought by Sajjan Jindal, the chairman and MD of India’s third-largest steel company, JSW, for a whopping 500 crore. This sea-facing bungalow includes an extensive porch as well as large garden and is situated on Nepean Sea Road. Sajjan Jindal bought this bungalow in June, last year which was recorded as one of the biggest property deals in India. Three Maheshwari family members were involved in this property deal and Jindal paid 300 crore when fixing the deal. Later, the total transaction was stalled due to Manoj Maheshwari, whom Jindal paid around 200 crore to acquire the deal.