The firm also confirmed the property will be used for the industrialist’s personal purpose. Updated: Jul 21, 2015, 07:00 AM IST. This video is unavailable. Watch Queue Queue. 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. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on September 7. Days Trial Tomorrow is different. 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). 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. Malabar Hill Post navigation Kumar Mangalam Birla buys iconic Jatia House in Mumbai for Rs 425 crore. 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. The property was owned by Y Jatia, who bought it in the 1970s. Watch Queue Queue 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 … 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. 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. Shrimi Choudhary . 30,000 sq ft Jatia House in Mumbai is up for grabs. Top industrialist Kumar Mangalam Birla has bought the iconic Jatia House in the plush Malabar Hill area here for Rs 425 crore. The Times of India quoted real estate market sources as saying that Birla had quoted a whopping Rs 425 crore for the bungalow. 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. These homes afford stunning views of the Queen’s Necklace and the Arabian Sea, and offer world-class amenities that celebrate the Lodha lifestyle. What's so special about Jatia house that Kumar Birla bought for Rs 450 cr. DNA. No reservation costs. Kumar Mangalam Birla's Rs 425 crore sea-facing Jatia House in Mumbai 31 Dec, 2018, 01.12 PM IST. 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. Last year, Bhabha House was sold … Share. Mumbai: Top industrialist Kumar Mangalam Birla has bought the iconic Jatia House in the plush Malabar Hill area here for Rs 425 crore. Posted by Rohit kumarrk. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on Sep 7. I really hope this book marks the start of a new series by Vaseem Khan. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. 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. 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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. 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. 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 . Situated in Malabar Hill, Jatia House was built in the 1950s. The deal is considered to be highest ever as the property has been bought for personal-use, industry experts said. Days Trial. Of these markets, Altico has invested Rs 500 crore through two deals with Hyderabad-based … 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. Birla emerges as highest bidder for Malabar Hill bungalow 2 min read. Updated: 08 Sep 2015, 01:37 AM IST Bidya Sapam. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. 15 Last year, Bhabha House was sold for Rs 372 crore. 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 . Book online, pay at the hotel. The magnificent property, Jatia House, situated in the regal locality of Malabar Hill… Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. The bungalow called Jatia house is located in the Malabar Hill area of Mumbai and has a covered area of 25,000 sq ft. This property is situated in the beautiful location of Malabar Hill. Notable residents include Adi Godrej, Cyrus Broacha, the Birla family, Shashi Ruia & family, Pallonji Mistry, the Jindal family, the Petit family, etc. Source: EconomicTime s . 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. In 2015, industrialist Kumar Mangalam Birla emerged as the highest bidder for the sea-facing, 30,000 sqft Jatia House in Malabar Hill. 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 two-story bungalow, measuring over 25,000 square feet, will not be redeveloped and is for his personal use. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on Sep 7. 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. 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. 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. 0. Jones Lang LaSalle (JLL), an international consultancy firm which carried out the deal, has confirmed the sale. Kumar Mangalam Birla in a file photo. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Malabar Hill (ISO: Malabār Hill) is a hillock and upmarket residential neighbourhood in South Mumbai, Maharashtra, India.Malabar Hill is the most exclusive residential area in Mumbai. Jatia House, Mumbai Malabar Hills, Mumbai. Read more about Kumar Managalam Birla buys iconic Jatia House for Rs 425 crore on Business Standard. 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… rediff.com. Reuters . This will alert our moderators to take action. 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. K.M. For reprint rights: Inciting hatred against a certain community, 15 The Indian Express first reported about Birla’s interest earlier this month, Copyright © 2021 The Indian Express [P] Ltd. 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Source. Your Reason has been Reported to the admin. 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. It is home to several business tycoons and film personalities. The Indian Express first reported about Birla’s interest earlier this month Jatia House in Malabar Hill. 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. The bungalow built in the 1950s is two … According to a report in Indian Express, Jatia House … 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. 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