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.
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