A Quadruplex was sold in Worli for ₹144 Crore, making it the most expensive home sold in this year till now.

By Varun Singh

A Quadruplex apartment was sold in Worli on March 31, 2022 for a whopping ₹144 crore.

Heard it right, the real estate industry has finally seen this year’s most expensive deal.

This big ticket deal took place in Worli’s Raheja Legend.

The Quadruplex numbered 1802 is spread over four floors.

The seller is Ashish Raheja, and the buyers are the three minor daughters of Siddharth Jain.

The buyers are Araadhya, Varenya and Nairiti Jain all three are the minor daughters of Siddharth Jain.

The buyer and seller of the Qaudruplex in Worli’s Raheja Legend
The seller & buyers of the Quadruplex in Worli

Siddharth Jain, is the Executive Director of Inox Group.

Let’s talk about the Quadruplex and the amount that’s making such big noise.

The Quadruplex is spread over four floors, that is 42, 43, 44 and 46th floor of the building Raheja Legend. (See Box)

Obviously a house in Mumbai being sold for ₹144 crore is a big deal, and hence we are reporting it.

But the per square feet rate at which this flat has been sold is also huge.

The total area of the Quadruplex is 10,566.50 square feet and thus the per square feet rate comes to ₹1.32 lakh.

Apart from Samudra Mahal building in Worli no other tower has commanded this huge a per square feet rate.

Along with the huge apartment the new buyers will also have access to 12 car parks in the building.

The stamp duty paid for this apartment is ₹7.2 Crore. Yes for this amount you can get a good house anywhere in South Mumbai.

Along with the apartment the new owners will also have exclusive access to the South elevator in the building.

In the past Indian Cricket Team’s former Captain Virat Kohli had rented an apartment in the building for a rent of ₹15 lakh per month in the year 2018.

Quadruplex

  • The details of the Quadruplex includes flat number 4202 (MCGM No.1802) admeasuring 520 sq. ft. i.e. built-up area (equivalent to 444 sq. ft carpet area) on the 42nd floor (on account of its height from the ground level as per the final sanctioned plans, but 18th floor as per the MGM approved plan).
  • The other flats are flat numbers 4203, 4303, 4403 and 4603 (MCGM Flat Nos. 1803, 1903, 2003 and 2203) admeasuring in the aggregate 6960 sq. feet built-up area (equivalent to 5,988 sq. ft. carpet area), on the 42, 43, 44 and 46 floors respectively (on account of its height from the ground level as per the final sanctioned plans, but 18′, 19′, 20′), and 22nd floors as per the MGM approved plan).
  • Flat Number 4301 (MCGM No. 1901) admeasuring 1034 sq. feet built-up area (equivalent to 902 sq. A. carpet area), on the 43rd floor (on account of its height from ground level as per the final sanctioned plans, but 19th floor as per the MCGM approved plan.)
  • Flat Number 4401 admeasuring 1806 sq. feet built-up area (equivalent to 1,561 sq. ft. carpet area), on the 44th floor (on account of its height from the ground level as per the final sanctioned plans, but 20th floor as per the MCGM approved plan).

Also Read: vicky and Katrina to move in this house

You May Also Like

The Hive Hostels to Expand by 3,000 Beds and Digitalize Operations Ahead of IPO

The Hive Hostels plans to add 3,000 new beds by the end of FY 2025 with a ₹10 crore investment and has partnered with Crib to digitalize its operations in preparation for an upcoming IPO. The company is also introducing Aurus – Luxury Student Residences, featuring luxury design and top-tier amenities, marking a new era in student accommodation.

Why Commercial Real Estate Investors Are Betting On Office Spaces

 By Suren Goyal Investors are once again drawn to the real estate…

Interarch Building Products Limited Acquires Land in Gujarat for New Manufacturing Facility

Interarch Building Products Limited has acquired 51,926 square meters of land in Gujarat for INR 7 crore, marking a significant step in its expansion strategy within the Pre-Engineered Building (PEB) industry. This new facility aims to enhance production capacity and cater to the growing demand for high-quality building solutions in key markets, particularly in Western India. Managing Director Arvind Nanda emphasized the importance of this investment for boosting operational capabilities and delivering customer satisfaction.

53% of Affordable Housing Buyers Unhappy with Available Options

According to the ANAROCK-FICCI Homebuyer Sentiment Survey for H1 2024, 53% of affordable housing buyers in India are unhappy with available options, citing issues like poor project location and low construction quality. As demand for larger homes grows, with 51% preferring 3BHK units, interest in affordable housing continues to decline. The survey also shows a significant shift towards premium and luxury homes, indicating changing buyer preferences in the current market.