There is no limit to spending on luxurious items when you have that kind of wealth. J P Taparia, founder of contraceptive maker Famy Care, In the most expensive apartment deal, has purchased a luxury sea-facing triplex apartment in South Mumbai’s Malabar Hill for Rs 369 crore. Yes, you read it right!
He purchased the super-expensive triplex from Macrotech Developers which is an entity of the Lodha Group, according to a report. The exotic apartment on the 26th, 27th and 28th floor of the super-luxury residential tower Lodha Malabar is located on the plush Walkeshwar Road.
According to a source, “The deal values the triplex with a total area of massive 27,160 sq ft at nearly Rs 1.36 lakh per sq ft, making it one of the country’s most expensive residential transactions on a per sq ft basis as well apart from the total value.”
The sea-view apartment is said to be the most expensive in the country and is spread across an area of 1.08 acres. It touches both the Arabian Sea and the Hanging Gardens, said the report. The total area of the triplex is said to be 27,160 sq ft and has been purchased at ₹ 1.36 lakh per sq ft by JP.
This makes it the most expensive residential apartment deal in the country also as per square feet basis. The Taparia family paid a stamp duty of ₹ 19.07 crore on the purchase of their new triplex apartment at Walkeshwar Road.