Nadir Godrej purchases three apartments for ₹180 crore in South Mumbai's posh Malabar Hill - Hindustan Times
close_game
close_game

Nadir Godrej purchases three apartments for 180 crore in South Mumbai's posh Malabar Hill

ByMehul R Thakkar
Jun 17, 2024 05:27 PM IST

The three apartments purchased by Nadir Godrej of Godrej Industries in South Mumbai come with 12 parking spaces and have attracted a stamp duty of ₹10 crore

Nadir Godrej of Godrej Industries has purchased three luxury apartments for 180 crore in Ruparel House, Malabar Hill, in south Mumbai, according to documents accessed by Zapkey.com

Nadir Godrej of Godrej Industries has purchased three luxury apartments for <span class='webrupee'>₹</span>180 crore in Ruparel House, Malabar Hill, in South Mumbai.
Nadir Godrej of Godrej Industries has purchased three luxury apartments for 180 crore in Ruparel House, Malabar Hill, in South Mumbai.

The founding family of Godrej Group, which spans from soaps and home appliances to real estate, recently reached an agreement to split the conglomerate, with Adi Godrej and his brother Nadir Godrej keeping Godrej Industries that has five listed firms, while cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates as well as a land bank, including prime property in Mumbai.

The group has been split between two branches of the founding family, with Adi Godrej (82) and his brother Nadir (73) on one side and their cousins Jamshyd Godrej (75) and Smita Godrej Crishna (74) on the other, according to a statement issued by the group earlier.

The seller of the property is R House Realty Pvt Limited (JSW Realty). The transaction was registered on June 12, 2024.

Also Read: Mumbai property registrations rise 22% Y-o-Y in May; stamp duty collections up by over 24%

The three apartments priced at 59.95 crore each come with 12 parking spaces, according to the documents.

Nadir Godrej has also paid over 10 crore as stamp duty towards the purchase of the three apartments along with 90,000 as registration fees, the documents showed.

According to the documents, the three apartments measure 13,836 sq ft (carpet) which takes the size of each of the three apartments to 4,610 sq ft (carpet).

Also Read: Mumbai real estate: All that you need to know about ‘bulk’ property deals being registered in the financial capital

An email query sent to Godrej Industries and JSW Realty did not get any response.

Malabar Hill is one of the costliest residential area in the country

Malabar Hill, an upscale residential area in Mumbai known for its Hanging Gardens, is one of the costliest residential areas in the country. Other posh localities in South Mumbai include Walkeshwar, and Cuffe Parade. According to local brokers, the per sq ft rate in Malabar Hills is anywhere around 1 lakh per sq ft and above.

Also Read: Ultra-luxury Malabar Hill flats fetch 369.55 crore

South Mumbai, especially Malabar Hill, is home to several old buildings and heritage bungalows. The micro-market is witnessing an increasing number of redevelopment projects being taken up post Covid-19. Several high net worth individual (UHNI) reside in the area.

Also Read: Kandoi Fabrics, directors buy four apartments in SoBo project for 217 crore

 

 

 

Catch every big hit, every wicket with Crickit, a one stop destination for Live Scores, Match Stats, Infographics & much more. Explore now!

See more

Get Current Updates on India News, Elections 2024, Lok sabha election 2024 voting live , Karnataka election 2024 live in Bengaluru , Election 2024 Date along with Latest News and Top Headlines from India and around the world.

SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Friday, July 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On