Watch Queue Queue 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. Tomorrow is different. The property was owned by Y Jatia, who bought it in the 1970s. 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 … 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. Updated: 08 Sep 2015, 01:37 AM IST Bidya Sapam. 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. The Indian Express first reported about Birla’s interest earlier this month, Copyright © 2021 The Indian Express [P] Ltd. 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The bungalow called Jatia house is located in the Malabar Hill area of Mumbai and has a covered area of 25,000 sq ft. 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. DNA. The magnificent property, Jatia House, situated in the regal locality of Malabar Hill… Malabar Hill Post navigation Kumar Mangalam Birla buys iconic Jatia House in Mumbai for Rs 425 crore. Reuters . Source. The Indian Express first reported about Birla’s interest earlier this month This property is situated in the beautiful location of Malabar Hill. Source: EconomicTime s . Good availability and great rates. The firm also confirmed the property will be used for the industrialist’s personal purpose. 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. Share. Read more about Kumar Managalam Birla buys iconic Jatia House for Rs 425 crore on Business Standard. Watch Queue Queue. Find hotels near Malabar Hill, India online. 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. Your Reason has been Reported to the admin. In 2015, industrialist Kumar Mangalam Birla emerged as the highest bidder for the sea-facing, 30,000 sqft 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. 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Mumbai: Top industrialist Kumar Mangalam Birla has bought the iconic Jatia House in the plush Malabar Hill area here for Rs 425 crore. 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. Posted by Rohit kumarrk. Last year, Bhabha House was sold for Rs 372 crore. Jatia House in Malabar Hill, the family home of the Pudumjee Industries promoters is being auctioned on September 7. 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. Birla emerges as highest bidder for Malabar Hill bungalow 2 min read. 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. 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 . These homes afford stunning views of the Queen’s Necklace and the Arabian Sea, and offer world-class amenities that celebrate the Lodha lifestyle. 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). 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. Copyright © 2021 Bennett, Coleman & Co. Ltd. All rights reserved. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. Book online, pay at the hotel. 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