A bungalow within the compound of Madhuli was recently sold for a whooping Rs 55 crore.

By Varun Singh

Madhuli building is a known name in South Mumbai it has had some big names as its occupants including those of the likes of Harshad Mehta.

However, here we won’t be talking about the big bull of the Stock Market, but about a recent real estate deal that took place within the compound of Madhuli.

Bungalow number three in Madhuli was sold for a whooping Rs 55 crore.

According to registration documents accessed by SquareFeatIndia the deal took place on March 31 of this year but was registered on May 6.

The total area of the bungalow is 539.49 square meters. The ground floor is spread over 1320 square feet, plus a garden measuring 5490 square feet.

The first floor measures 1320 square feet and the second floor of the row house measures the same area that is 1320 square feet. The new owner will also have access to three car parks in the compound.

The sellers are Meka Papa Rao, Meka Rajyalakshmi Rao, and Amma Lines Pvt Ltd.

The buyer is Spandana Mulpuri, the buyer being a woman according to the state government rules, she was given a 1% discount during the registration of the bungalow.

A stamp duty of Rs 2.20 crore was paid for the registration of the deal. Madhuli is a big name in the Mumbai’s real estate market.

Madhuli is located in Worli.

Also Read: Worli Koliwada Redevelopment: Local Jamats raise Objection

You May Also Like

GST Council’s Latest Decision Targets Revenue Leakage with New Rules on Commercial Property Rentals

GST Council’s 54th meeting introduces significant changes to commercial property rentals, applying Reverse Charge Mechanism (RCM) to transactions involving unregistered landlords to curb revenue leakage. Additionally, location and Preferential Location Charges are now classified under construction services with reduced GST rates, improving transparency and reducing friction in the real estate market.

Colliers Project Leaders Wins $250 Million World Trade Center Yerevan Project

Colliers Project Leaders has secured a $250 million contract to manage the development of the World Trade Center in Yerevan, Armenia. This mixed-use project will include commercial spaces, offices, and hotels, aiming to become a landmark in the city.

Lodha Group Owner Abhishek Lodha Transfers Shares to Philanthropy Foundation

On Diwali, Abhishek Lodha, CEO of the Lodha Group, announced the transfer of a substantial portion of his shareholding in Macrotech Developers to the Lodha Philanthropy Foundation. With an initial corpus of ₹20,000 crores, the foundation will focus on empowering women, supporting children’s education, promoting environmental sustainability, and preserving Indian culture. This move underscores the Lodha family’s commitment to societal development while enhancing the philanthropic impact of their business success.

Shifting Trends in Residential Real Estate in 2022-2023

By Varun Singh The COVID-19 pandemic has fundamentally adjusted buyers’ conduct and…