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Biggest ever property deal in India! Mumbai duplex sold for whopping Rs 160 crore
Lodha Group has sold an under-construction luxury tower at Altamount Road in Mumbai for Rs 160 crore.
 "Biggest ever property deal in India! Mumbai duplex sold for whopping Rs 160 crore")
Pic for representational purpose Zee Media Bureau
New Delhi: On one hand you have India's debt-laden property market struggling to sell billions of dollars worth of yet-to-be finished homes while on the other you have news of luxury apartments being sold at hundreds of lakhs.
Also read: Navi Mumbai in run to qualify for final 'Smart City' list
A property deal worth Rs 160 crore has taken the entire realty market by storm in Mumbai.
As per a report in the Times of India, real estate developer Lodha Group has sold an under-construction luxury tower at Altamount Road in Mumbai for Rs 160 crore.
Also read: Sanofi sells its Andheri building in Mumbai for Rs 111 cr
The report further says that the duplex, spread accross 10,000 sq ft, is believed to have been brought by a pharma company. Touted as the biggest apartment deal in India, the rate per sq ft paid is Rs 1.60 lakh, reportedly.
Also read: Air India to soon sell four flats in Mumbai for Rs 90 crore
In current property market scenario, developers are turning to deep discounts, free parking spots and even gimmicks like gifts of gold coins and motorbikes as they seek to turn property inventory into cash.
Also read: This Mumbai penthouse was sold for whopping Rs 202 crore!
It may be recalled that in August, a sea-facing triplex penthouse in South Mumbai's Napean Sea Road locality was bought by an industrialist for a whopping Rs 202-crore deal.
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