South Mumbai is a top choice for real estate investment among ultra-wealthy Indians. The most recent Indian billionaire to have acquired an expensive property in this area is Nadir Godrej. According to an Economic Times report, Nadir Godrej, the chairman and managing director of Godrej Industries, along with his family, has purchased three sea-facing apartments from a real estate development subsidiary (R House Realty Pvt Limited) of the JSW Group, founded by Sajjan Jindal, for a whopping Rs 180 crore. Scroll down to see pictures of the luxurious property bought by the members of the Godrej family. acquired three sea-facing apartments
In Photos: Indian billionaire and Godrej Industries chairman Nadir Godrej acquires three luxury sea-facing apartments for Rs 180 crore in Mumbai
Ruparel House is an upcoming premium residential tower located on Ridge Road, Malabar Hill. According to a MoneyControl report, the apartments bought by Nadir Godrej and his family, on the sixth, seventh, and eighth floors of Ruparel House, were priced at Rs 59.95 crore each. Godrej also paid a stamp duty of Rs 3.5 crore for each property. The report also states that the transaction, registered on June 12, 2024, was agreed upon at Rs 1.3 lakh per square foot. Meanwhile, a Hindustan Times report stated that the Indian billionaire paid an additional Rs 90,000 as registration fees for the three properties, each measuring 4,610 square feet (total area of 13,836 square feet).
