Halan family buys 8 flats in Mahalaxmi for ₹104 crore | Mumbai news - Hindustan Times
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Halan family buys 8 flats in Mahalaxmi for 104 crore

Jan 20, 2024 08:26 AM IST

According to the registration documents, four couples from the family have each purchased two flats on a single floor bearing carpet area of 2,259 sq ft and 1,740 sq ft, respectively

Mumbai: Eight members of the Halan family, investors in stocks and other asset classes, have purchased four sea-facing twin apartments in K Raheja Corp’s luxury project in south Mumbai for a cumulative deal of 104 crore. The apartments, which cumulatively span 16,000 sq ft, are located on floors 23 to 26 in Tower 2 in the Raheja Modern Vivarea project, which is under construction in the Modern Textile Mill compound, according to documents accessed and shared by realty portal IndexTap.com.

Halan family buys 8 flats in Mahalaxmi for <span class='webrupee'>₹</span>104 crore
Halan family buys 8 flats in Mahalaxmi for 104 crore

According to the registration documents, four couples from the family have each purchased two flats on a single floor bearing carpet area of 2,259 sq ft and 1,740 sq ft, respectively. Thus, the flats bought by Vimal Hari and Sujata Halan (2601 &2602), Ajay Kumar and Anju Halan (2501&2502), Pawankumar and Praveena Halan (2401 & 2402), and Narayan Hari and Vishakha Halan (2301 & 2302) each have a cumulative carpet area of 3,999 sq ft. Each of the four twin apartments have four car parking slots.

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The flats with larger carpet area were priced at 14.68 crore, while the flats with smaller carpet were priced at 11.31 crore. The Halans paid stamp duty of 88.11 lakh for the larger flats, and 11.31 lakh for the smaller flats.

This is not the first time that a family has purchased multiple flats across floors in the same project. In February 2023, family members and close associates of Radhakishan Damani, founder of D Mart, had purchased 28 sea-facing apartments in Oberoi Three Sixty West in Worli for a sum of 1,238 crore. The cumulative area of these apartments – owned by Damani’s daughters Manjiri, Jyoti and Madhu; his sister-in-law Kirandevi Gopikishan Damani, and DMart CEO Ignatious Navil Noronha, among others – spanned 1.82 lakh sq ft and included 101 car parking spaces.

In March 2023, industrialist JP Taparia of Famy Care group had purchased six apartments with a cumulative carpet area of 27,160.6 sq ft in Tower A and B of Lodha Malabar project by Macrotech Group in Walkeshwar, Malabar Hill for a sum of 369.55 crore. In April 2023, the Aggrawal family associated with Kandoi Fabrics Pvt Ltd had purchased four apartments with cumulative carpet area of 18,572 sq ft in the A wing of Lodha Malabar for a sum of 217 crore.

While Lodha Malabar offers unhindered views of the Marine Drive, Oberoi Three Sixty West offers views of the Arabian Sea and the cantilevered Bandra-Worli Sea Link. The Raheja Modern Vivarea offers views of Mahalaxmi Race Course and the Arabian Sea.

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