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D-Mart s Radhakishan Damani buys Malabar Hill property for Rs 1,001 crore

D-Mart’s Radhakishan Damani buys Malabar Hill property for Rs 1,001 crore SECTIONS Share Synopsis 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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DMart owner Radhakishan Damani buys Rs 1,001 crore property in Mumbai

DMart owner Radhakishan Damani buys Rs 1,001 crore property in Mumbai As per the existing ready reckoner rates applicable in Maharashtra, the value of the property is Rs 723.98 crore. The Damani brothers paid Rs 30 crore as stamp duty for the two-storey house BusinessToday.In | April 3, 2021 | Updated 20:37 IST Radhakishan Damani Radhakishan Damani, the promoter of DMart, and his brother Gopikishan Damani closed one of the biggest property deals seen in India during recent times where they paid Rs 1,001 crore for an independent house in Mumbai s posh Malabar Hills neighbourhood. The house has an area of 5,752.22 square metres or 61,916 square feet. This amounts to a rate of Rs 1,61,670 per square feet, making it one of the most expensive real estate deals in recent years.

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DMart s Radhakishan Damani buys South Mumbai property for Rs 1,001 crore

DMart s Radhakishan Damani buys South Mumbai property for Rs 1,001 crore
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Damani seals big realty deal

Damani seals big realty deal
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DMart owner Radhakishan Damani buys Rs 1,001 crore property in Mumbai

DMart owner Radhakishan Damani buys Rs 1,001 crore property in Mumbai
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