Second Costliest Realty Deal in Mumbai Fetches 1.18L/Sq Ft

Bangalore: Although the real estate market of Mumbai is going through a sluggish phase, the city is still witnessing property transactions under astronomical price tag. Recently a sea-facing duplex flat in upscale Worli got sold under a price bracket of around 1.18 lakh per square feet. In the financial capital, Mumbai, properties continue to command the staggering prices for apartments in upscale residential localities, reports Rajshri Mehta of TNN.

A duplex flat in Samudra Mahal, a sea-facing 28-storey residential building in Worli has fetched whooping 43 crore in today’s property market, making the second most expensive per square feet apartment deal in India. Samudra Mahal is a premium high-rise residential building in Mumbai. A duplex flat on the ninth and tenth floors spans over 3,638 square feet of built-up area was sold for 1.18 lakh per square feet and purchased by a notable glassware manufacturer, Borosil.

This four bedroom apartment was originally owned by Sonya Jethmal, an NRI settled in US. Apparently, Jethmal is related to the famous Mulchandani family, owner of the once-famous brand Bush.

Borosil vice-chairman Pradeep Kheruka confirmed the Samudra Mahal deal in an email response and stated that the company purchased the duplex as an investment purpose after getting the approval nod from the board of directors. He also clarified that "The purchase is not by the Kheruka family," reports Economic Times.

Also Read: Mumbai Flat Sold For an Eye-Popping 1.20 Lakh a Sq Ft