D-Mart’s Radhakishan Damani buys Malabar Hill property for Rs 1,001 crore
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The ground plus two storey-bungalow Madhukunj on leafy Narayan Dabholkar Marg is spread over 1.5-acre land parcel and has total built up area of around 60,000 sq ft. The market price based on the ready reckoner rate is around Rs 724 crore.
It could not be ascertained if the property will be redeveloped or the existing structure itself will be used by the family as its residence.
In the largest ever residential transaction anywhere in the country, Radhakishan Damani, billionaire investor and founder of D-Mart has bought a bungalow in South Mumbai’s plush Malabar Hill locality for Rs 1,001 crore. Damani has bought the property along with his younger brother Gopikishan Damani.
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