By Varun Singh

It is said real estate is the best place to put in your money if you are looking for a long term investment.

Recently DMart the company which has become a household name saw its CEO and his wife buying a luxury real estate in Mumbai’s Bandra for ₹66.25 crore.

According to documents provided by Zapkey.com, the properties bought by DMart CEO, Ignatius Navil Noronha and his wife Kajal is located in the building Rustomjee Seasons.

The deals were signed and registered on July 29, 2022. These are two different realty deals the first one being, a flat on the 24th floor of the building.

This flat is in the name of Kajal Noronha, for which an amount of ₹31.38 crore was paid. The area of this apartment is 4117 sq ft RERA carpet. And a stamp duty of ₹1.56 crore was paid for the registration.

The second deal is of a flat on the 23rd floor of the building, which is in the name of Ignatius Navil Noronha who is the CEO of DMart. For this the consideration paid is ₹34.86 crore.

The RERA carpet of the apartment is 4522 sq ft and the stamp duty paid for this apartment’s registration is ₹1.74 crore.

The seller of both the apartments is Keystone Realtors. The combined value of both the apartments is ₹66.25 crore.

The news owners will have an access to 10 car parks in the building.

A detailed messages sent to Ignatius Navil Noronha got us no response.

Meanwhile, in 2021, Radhakishan Damani of D Mart along with Gopikishan Damani, bought the property located in Malabar Hill’s Narayan Dabholkar Marg. This deal was for ₹1000 crore considered to be the most expensive in real estate history of the country.

Also Read: D Mart Founder Buys Malabar Hill Property For Rs 1000 Crore

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