Exclusive: Biggest realty deal of 2020 inked for Rs 136 Crore
Biggest real estate deal of the year 2020 was inked for Rs 136.27 crore. The buyers a business family from Mumbai registered it in March.
By Varun Singh
This real estate deal has to be the biggest deal of the year 2020. Where a business family has spent Rs 136.27 crore to buy apartments spread over four floors in Mumbai.
This will help you gauge how big the deal is. Only the stamp duty paid for registering the deals can fetch you a spacious 3-BHK in Prabhadevi.
The property was bought by Neeraj Kochhar and Kannika Dhurv Kochhar. Neeraj is Chairman of Viraj Profiles Ltd, a leading manufacturer of stainless steel products.
The Kochhar’s in the month of March bought apartments, on the 46, 47, 48 and 49th level of Indiabulls Blu located at Lower Parel.
According to documents available with SquareFeatIndia.com, the deals were registered on March 16, just few days before the lockdown.
The flat located on 46 and 47th floor is registered on the name of Neeraj Kochhar.
The duplex flat located on 48 and 49th floor is registered on the name of Kannika Dhruv Kochhar and Neeraj Kochhar.
Both the flats measure 10,502 sq ft respectively thus taking the total area bought to 21,004 sq ft.
Stamp duty paid by the buyers for the registration of flats is a total of Rs 8.17 crore. The per sq ft rate for the purchase comes close to Rs 64,878.
The Kochhar’s along with the apartments also got a total of 16 covered car parking spaces. Eight for 46 and 47th floor and the remaining eight for 48 and 49th floor.
Several attempts made to get a comment from Neeraj Kochhar got us no response. Emails sent to his office, also yielded no response.
While this was the biggest deal of 2020, some previous big ticket deals include Niraj Bajaj spending Rs 120 crore for a flat in 360 West, Worli, in March 2018.
RK Studio was bought by Godrej Properties ltd in May 2019 for Rs 250 crore.
Singer Arijit Singh had paid Rs 9.1 croreto buy four flats at one go in Versova earlier this year.