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Meet Owner Of India`s Most Expensive Flat And He Is Not Ambani, Adani Or Tata - Price Enough To Buy 30 Rolls Royce Phantom
Mukesh Ambani’s Antilia is often cited as India’s most extravagant home, valued between Rs 12,000 and Rs 15,000 crore. But a new apartment in Mumbai has just set a record as the country’s most expensive residence.
New Record in Real Estate
India’s most talked-about luxury home has just been surpassed. A new apartment on Malabar Hill, Mumbai, has set a record as the most expensive in the country, valued at Rs 369 crore. This amount is enough to buy 30 Rolls Royce Phantoms, India’s costliest car, priced between Rs 9.5 to Rs 12.4 crore.
Location and Prestige
This high-priced flat is located on Malabar Hill, one of Mumbai’s most prestigious addresses. The apartment occupies the 26th, 27th, and 28th floors of the Lodha Malabar Super Luxury Residential Tower, as reported by The Economic Times.
Surprising Owner
Contrary to popular belief, this record-breaking apartment was not purchased by well-known tycoons like Mukesh Ambani, Gautam Adani, or Ratan Tata. Instead, it was acquired by J.P. Taparia, a prominent industrialist.
Luxurious Features
The triplex apartment spans 1.08 acres and boasts a carpet area of 27,160 square feet. Designed by Hafeez Contractor and decorated by Studio HBA, the flat offers breathtaking views of the Arabian Sea from its drawing room and bedrooms.
High Stamp Duty
The Taparia family paid an impressive Rs 19.07 crore in stamp duty for this luxury flat. This significant amount highlights the scale of their investment in this opulent residence.
Previous Notable Purchases
J.P. Taparia, founder of Femcare and a major player in the copper-T manufacturing industry, also owns a notable property in Mumbai’s Bandra-Kurla Complex. In 2016, he purchased an 11,000 square feet duplex for Rs 60 crore.