Kumar Mangalam Birla to pay Rs 425 crore for sea-facing Jatia House, Mumbai’s largest-ever property deal

By: shawhotels, 09th Sep, 2015 367 Views

MUMBAI: Kumar Mangalam Birla, chairman of the $41-billion Aditya Birla Group, outbid rivals to emerge as the highest bidder for the sea-facing Jatia House in Mumbai's largest-ever property deal. Birla agreed to pay Rs 425 crore to buy the two-storey house in the city's tony Malabar Hill area on Monday after a day-long auction.

Birla pipped five bidders, including Ajay Piramal 's Piramal Realty, for the 30,000 sq ft bungalow. Birla has already paid a 10% token of the entire amount. This .. 
 

Tags: 425 crore for sea-facing Jatia House, Mumbai’s largest-ever property deal, real estate deal

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