Mumbai flat snapped up for Rs 89.99 cr by this industrialist's scion
According to realty sources, the flat was sold last month by Lodha Developers to Vishad P Mafatlal and Rupal V Mafatlal; both the buyers have mentioned Mafatlal Centre, Nariman Point, as their contact address during the purchase. The total amount paid by the Mafatlals is Rs 88,99,30,000, while the ready reckoner rate for the flat is Rs 82,87,51,500. Apart from this, the Mafatlal’s paid Rs 4.44 crore as stamp duty to register the flat with the state government’s registration department.
In another high value real estate deal in Mumbai, industrialist Vishad P Mafatlal, grandson of Arvind Mafatlal, has bought a 10,085 sq ft flat in the tony Altamount Road neighbourhood for a whopping Rs 88.99 crore. Representational Image, source: Reuters