Mumbai property deal: Part of last palace in city, Kilachand House, sold for Rs 180 cr
Kilachand House is spread over a property that is close to 1 lakh sq.ft. and is the last remaining palace in the city. The property originally belonged to the Maharaja of Patiala, from there it came to Devchand Kilachand. The property was later divided amongst the legal heirs of Kilachand and one of them sold his 1/4th share to Orbit Dvelopers in 2010.
The iconic Kilachand House, located at Napeansea Road, which also is the last remaining palace in Mumbai, sold 1/4th of its property on March 28. Image source: DNA India