2012's Most Expensive Realty Deals in India

2012's Most Expensive Realty Deals in India

By SiliconIndia   |   Tuesday, December 25, 2012   |    2 Comments
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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: rs500 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 rs500 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 rs300 crore when fixing the deal. Later, the total transaction was stalled due to Manoj Maheshwari, whom Jindal paid around rs200 crore to acquire the deal.

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Reader's comments(2)
1: The rich became richer and the majority poor became poorer. Money makes money. Present economic policies and laws are designed to favor the rich with the collusion of those in power.
Posted by:Gursharan Singh - 25 Dec, 2012
2: Because of such real estate deal, property prices are soaring high
Posted by:Emili - 25 Dec, 2012

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