Last year, Bhabha House was sold for Rs 372 crore. Share. Last year, Bhabha House was sold … Top industrialist Kumar Mangalam Birla has bought the iconic Jatia House in the plush Malabar Hill area here for Rs 425 crore. K.M. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. At the most exclusive strip of Malabar Hill,where land meets sea,is Lodha Seamont:a grand tower overlooking Raj Bhavan.This development offers a limited selection of 3 and 4 bed residences, quite unlike any in the city. Mumbai real estate market witnessed one of the biggest property deal in the city the Jatia House in Malabar Hill, which was on the block for quite some time, has been sold, for Rs. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. Masoom Gupte; ET Bureau; Updated: August 28, 2015, 11:41 IST; Spread over 3,000 square metres, with a carpet size of 30,000 square feet, Jatia House is twice the size of its famous neighbour, Mehrangir, more popularly known as Bhabha House. The Economic Times Digital Payments Forum, When Prakash Padukone, Axis Bank's brand ambassador praised competitor IDBI Bank, Why technology is the only path to sustained growth for MSMEs, Mumbai teens start a baking venture amid lockdown, but a murder abruptly ended the entrepreneurship, Telegram founder feels Signal is a good option, says he can't trust US-based apps, Krunal & Hardik Pandya's father passes away due to cardiac arrest; KL Rahul, Irfan Pathan remember 'mentor' uncle, Amazon Prime Video to offer mobile-only plan in India, starting at Rs 89 per month, Getting left out of Zoom calls, laying off fears & more: WFH could be making us paranoid. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on Sep 7. Book online, pay at the hotel. Located atop Mumbai’s plush Malabar Hill, the house spans across 2926 square-metre and has a built-up area of at least 28,000 square feet, reports Mid-Day. Watch Queue Queue Aditya Birla Group chairman Kumar Mangalam Birla has emerged as the top bidder to acquire the iconic Malabar Hill bungalow at Mumbai, which was bought by industrialist MP Jatia in 1971 from Meher Cawasji Vakeel, in a deal worth Rs 425 crore (approximately $63 million). Editor | August 27, 2015 @ 09:57 AM Spread over 3,000 square metres, with a carpet size of 30,000 square feet, Jatia House is twice the size of its famous neighbour, Mehrangir, more popularly known as Bhabha House. Jones Lang LaSalle (JLL), an international consultancy firm which carried out the deal, has confirmed the sale. In one of the most expensive real estate transactions in Mumbai, Aditya Birla Group chairman Kumar Mangalam Birla purchased Jatia House in Malabar Hill for Rs 425 crore. The firm also confirmed the property will be used for the industrialist’s personal purpose. Jatia House, Mumbai Malabar Hills, Mumbai. These homes afford stunning views of the Queen’s Necklace and the Arabian Sea, and offer world-class amenities that celebrate the Lodha lifestyle. Birla emerges as highest bidder for Malabar Hill bungalow 2 min read. Find 47+ Property for Sale in Malabar Hill, Mumbai - Get best deals on Buy/Sell Properties in Malabar Hill, Mumbai, find full details of the Commercial & Residential properties for Sale in Malabar Hill… The deal is considered to be highest ever as the property has been bought for personal-use, industry experts said. Good availability and great rates. Mumbai: The iconic Jatia House in Malabar Hill, which was on the block for quite some time, has not only finally been sold, it has set a new record in … Tomorrow is different. Iconic Malabar Hill bungalow, Jatia House, put on the block Valuation at Rs 400-500 cr; Buyers to be selected through two-stage bid; Auction starts on Sep 7 Jatia House . Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on Sep 7. 30,000 sq ft Jatia House in Mumbai is up for grabs. Kumar Mangalam Birla's Rs 425 crore sea-facing Jatia House in Mumbai 31 Dec, 2018, 01.12 PM IST. Watch Queue Queue. The iconic Jatia House in Malabar Hill, which was on the block for quite some time, has not only finally been sold, it has set a new record in the process. No reservation costs. Read more about Kumar Managalam Birla buys iconic Jatia House for Rs 425 crore on Business Standard. The Indian Express first reported about Birla’s interest earlier this month Shrimi Choudhary . The bungalow called Jatia house is located in the Malabar Hill area of Mumbai and has a covered area of 25,000 sq ft. rediff.com. I really hope this book marks the start of a new series by Vaseem Khan. For reprint rights: Inciting hatred against a certain community, 15 This property is situated in the beautiful location of Malabar Hill. Your Reason has been Reported to the admin. Cost: Rs 425 crore Area: 30,000 sq ft. A week before the sale of Lincoln House, another property, Jatia House in Malabar Hill was sold for Rs 425 crore. Posted by Rohit kumarrk. One of the most expensive houses in India – Jatia House spreads on a huge area of 30,000 sq ft and is a built-up property for personal use. According to a report in Indian Express, Jatia House … The magnificent property, Jatia House, situated in the regal locality of Malabar Hill… Jatia House in Malabar Hill. This video is unavailable. Kumar Mangalam Birla in a file photo. Written By. It is home to several business tycoons and film personalities. Altico Capital invests Rs 1,250 crore in 5 realty deals 21 Dec, 2017, 07.49 AM IST. In 2015, industrialist Kumar Mangalam Birla emerged as the highest bidder for the sea-facing, 30,000 sqft Jatia House in Malabar Hill. 1) Kumar Mangalam Birla of the Aditya Birla group bought Jatia House, situated in the Malabar Hill area of Mumbai, for Rs 425 crore last week. 425 crore, Kumar Magalam Birla of Aditya Birla Group purchased the property, which has a 25,000 sq ft built-up area – during an auction yesterday, making it the most expensive bungalow deal in the country. It's a great story and one book featuring the indefatigable and charming Inspector Wadia is simply not enough!The story opens on New Year's Eve, 1949 in Bombay. Of these markets, Altico has invested Rs 500 crore through two deals with Hyderabad-based … Located atop Malabar Hill, one of the poshest localities in Mumbai (South Mumbai to be precise), is Jatia House. Days Trial. 15 The Times of India quoted real estate market sources as saying that Birla had quoted a whopping Rs 425 crore for the bungalow. Reuters . Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Updated: Jul 21, 2015, 07:00 AM IST. Find hotels near Malabar Hill, India online. Malabar Hill More like Jatia House, Little Gibbs Rd, Malabarhill, 400006 Jatia House, Little Gibbs Rd, Malabarhill, 400006 is located in , Locality, Mumbai taluka, Mumbai District, in the state of Maharashtra state and the Pincode number is 400006 . Updated: 08 Sep 2015, 01:37 AM IST Bidya Sapam. Jatia House on Malabar Hill is close to another landmark bungalow, Meherangir, once the home of Homi Bhabha Bhabha, father of India’s atomic energy programme. The Aditya Birla Group chairman paid Rs 425 cr for the property, making it the most expensive bungalow deal ever in India then, surpassing the Rs 400 cr, Maheshwari House transaction of 2012. In one of the most expensive real estate transactions in Mumbai, Aditya Birla Group chairman Kumar Mangalam Birla purchased Jatia House in Malabar Hill for Rs 425 crore. The sea-facing bungalow, known as Jinnah House at the metropolis’ Malabar Hill was claimed by Pakistan in the receding past to move its Mumbai consulate to its premises. DNA. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion, Hot property: Meet Arun Jatia whose 30,000 sq ft bungalow in Malabar Hill is up for grabs. The bungalow built in the 1950s is two … Also due out on 20th August is the brilliant 'Midnight at Malabar House' by Vaseem Khan - the final book in my week of 20th August releases. The iconic Jatia House in Mumbai's Malabar Hill, which had been on sale for quite sometime, has finally found a new owner — Kumar Mangalam Birla of the Aditya Birla group. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on September 7. This will alert our moderators to take action. Source: EconomicTime s . Notable residents include Adi Godrej, Cyrus Broacha, the Birla family, Shashi Ruia & family, Pallonji Mistry, the Jindal family, the Petit family, etc. Source. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Situated in Malabar Hill, Jatia House was built in the 1950s. The sea-facing two-story bungalow, measuring over 25,000 square feet, will not be redeveloped and is for his personal use. Spread over 3,000 square metres, with a carpet size of 30,000 square feet, Jatia House is twice the size of its famous neighbour, Mehrangir, more popularly known as Bhabha House. Days Trial What's so special about Jatia house that Kumar Birla bought for Rs 450 cr. Malabar Hill Post navigation Kumar Mangalam Birla buys iconic Jatia House in Mumbai for Rs 425 crore. The Indian Express first reported about Birla’s interest earlier this month, Copyright © 2021 The Indian Express [P] Ltd. 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