Construction Maison

City businessman, who bought the flat in Ashford Palazzo, paid Rs 2.25 crore as stamp duty; his wife, too, owns an apartment in the same building. At a time when the real estate market is reeling under multiple pressures, a South Mumbai property has been sold for Rs 2.09 lakh per square feet. The deal, which was registered on August 9, saw a 2, 152 sq feet flat on Bhulabhai Desai Road go for Rs 45 crores. The property that offers an unobstructed view of the Arabian Sea has been bought by Ranjit Malhotra of Empire Industries. Ashford Palazzo, the 19-storey structure that houses the apartment, has only 12 habitable floors, with one flat per floor. The building comes with six levels of parking, a gymnasium, banquet hall, children’s play area and a service floor. Malhotra, who is the vice chairman of Empire Industries, has bought an apartment on the ninth livable floor or the 16th storey. According to the registered agreement, the built up area of the flat is 2,152 square feet, while...

Ranjit Malhotra buys flat at Rs 2.09 lakh per sq ft" /> City businessman, who bought the flat in Ashford Palazzo, paid Rs 2.25 crore as stamp duty; his wife, too, owns an apartment in the same building. At a time when the real estate market is reeling under multiple pressures, a South Mumbai property has been sold for Rs 2.09 lakh per square feet. The deal, which was registered on August 9, saw a 2, 152 sq feet flat on Bhulabhai Desai Road go for Rs 45 crores. The property that offers an unobstructed view of the Arabian Sea has been bought by Ranjit Malhotra of Empire Industries. Ashford Palazzo, the 19-storey structure that houses the apartment, has only 12 habitable floors, with one flat per floor. The building comes with six levels of parking, a gymnasium, banquet hall, children’s play area and a service floor. Malhotra, who is the vice chairman of Empire Industries, has bought an apartment on the ninth livable floor or the 16th storey. According to the registered agr...

costliest flat sold in Mumbai" src="http://images.mid-day.com/images/2017/aug/mumbai-skyscraper.jpg" alt="At 2.09 lakh per sq ft this could be the costliest flat sold in Mumbai" /> Representational picture A flat at Ashford Palazzo in Bhulabhai Desai Road was sold for a whopping Rs 2.09 lakh per square feet making it one of the costliest real estate deals in Mumbai. The flat was purchased by Ranjit Malhotra, who is the vice chairman of Empire Industries. He paid Rs 45 crore for the 2, 512 sq feet flat , which has a carpet area of 1,585 sq ft. Malhotra purchased the flat on Ashford Palazzo's 16th storey, which happens to be the ninth habitable floor .According to Mumbai Mirror , Malhotra's wife Uma also purchased a flat in the same building the deal for which was inked on the same day as her husband's purchase. The 2, 690 sq ft flat with 2, 168 sq ft carpet area also cost 45 crores. Additionally, the Malhotras paid Rs 2 . 25 crore stamp ...