1) Lodha Malabar, Malabar Hill
Price ₹310 Cr.
BUYER – JP Taparia Family
SELLER – Macrotech Developers (Lodha)
Family members of JP Taparia, the industrialist and founder of Famy Care, have purchased a posh triplex apartment in Malabar Hill, South Mumbai, for ₹ 310 crore. Reportedly, the most costly apartment in the nation is the one with a view of the sea.
The family purchased the opulent flat from Macrotech Developers, a division of the Lodha Group. The property is located on the 26th, 27th, and 28th floors of the opulent residential tower, Lodha Malabar. According to the report, it covers 1.08 acres and touches both the Arabian Sea and the Hanging Gardens.
Check Out Properties for Sale in Lodha Malabar Hill
The triplex measures 27,160 square feet overall, and the JP Taparia family paid ₹ 1.36 lakh per square foot for it. According to the report, which included quotes from people with firsthand knowledge of the development, this makes it the most expensive residential apartment deal in the nation in terms of square footage as well.
When the Taparia family bought the triplex apartment, they had to pay ₹ 19.07 crore in stamp duty.
2) Golf Links
₹160 Cr.
BUYER – Vasudha Rohatgi
SELLER – Ashok Kumar
The former Attorney General of India Mukul Rohatgi’s wife, Vasudha Rohatgi, paid Rs 160 crore for a 2,160-square-yard bungalow at Delhi’s Golf Links.
The property was registered on February 23 and the family has already paid Rs 6.4 crore in stamp duty.
The transaction has been verified by Mukul Rohatgi.
Rohatgi’s purchase puts him in the exclusive group of business executives who have acquired real estate in upscale Delhi neighbourhoods.
3) High Grounds
₹66 Cr.
BUYER – Archana Surana
SELLER – Pia Meenakshi Rajendra
Dilip Surana’s father, GC Surana, prioritized the expansion of his company over material belongings like cars and homes, believing that every rupee earned should be reinvested back into the business.
The chairman and managing director of Micro Labs, a healthcare company, Dilip Surana, paid Rs 66 crore for a Bengaluru bungalow.
The chairman and managing director of Micro Labs, a healthcare company, Dilip Surana, paid Rs 66 crore for a Bengaluru bungalow. This property deal is regarded as one of the priciest in the city. According to media reports, the real estate data analytics company CRE Matrix was notified of the development.
The total area of the bungalow and the land it is situated on is 8,373.99 square feet. According to the sale deed, it has a total area of 12,043 square feet and is situated in the Fair Field layout along Devaraj Urs Road, formerly known as Race Course Road. Dilip Surana and his wife Archana Surana are listed as the buyers in the sale deed, which was registered on March 8th after stamp duty of Rs 3.36 crore was paid.
The Surana family lived in rental houses in Bengaluru twenty years ago because their father, GC Surana, had taught them to live simply. He valued business expansion over material belongings like cars and homes, believing that every rupee earned should be reinvested back into the company.
The Surana brothers, Dilip and Anand, are currently leading the business that their father started. The company now runs 17 factories and conducts business in 50 countries, demonstrating the accomplishment of their father’s idea and their own initiative.
Dolo-650, the company’s flagship product, brought them widespread attention during the COVID-19 pandemic. In 2020, they made Rs 400 crore in revenue in a single year from the sale of this product alone. They used to sell 7.5 crore Dolo strips before the pandemic. But this number doubled during the pandemic, indicating a sharp rise in demand. As a result, the company’s profits saw an incredible 244% increase between March 2019 and March 2021.
The founder of the company, GC Khurana, first moved to Bengaluru from Rajasthan in search of work as an accountant. In the end, he worked as a distributor for a Delhi-based business. When he founded Micro Labs in 1973, the company offered a meagre five products. His unwavering focus was on competing with multinational companies in terms of product quality, and he placed a strong emphasis on maintaining high standards of quality.
