India’S Most Expensive Bungalow

[JANASENA]

The real estate sector in the country may be facing something of a slump, but that doesn't seem to have had any effect on Aditya Birla Group Chairman, Kumar Mangalam Birla. If you haven't already heard, the head of the massive conglomerate has bought the iconic Jatia House is Mumbai for a whopping Rs. 425 crore as per NDTV. For those of you who haven't heard of the house before, here are a few facts about the bungalow, it's new owner and the deal that brought it to him.

 

Situated in Malabar Hill, Jatia House was built in the 1950s.

Source: EconomicTimes

 

The property was owned by Y Jatia, who bought it in the 1970s. It is currently occupied by the brothers Aruna and Shyam Jatia.

Source: EconomicTimes

 

At a whopping Rs.425 crore, this makes Jatia House the costliest bungalow in the country.

Source: EconomicTimes

 

The previous highest was the Rs. 400 crore purchase of Maheshwari House in 2011. Mehrangir, the home of Homi Bhabha was sold for Rs. 372 crore in 2014.

Source: SDIPL

 

The Birlas currently reside in a bungalow on Altamount Road, a ten-minute drive from their new home.

Source: LiveMint

 

Kumar Mangalam Birla outbid five other bidders to become the proud owner of the iconic Bungalow.

Source: EconomicTimes

 

With 25,000 sq ft worth of built up area, the deal translates to a staggering Rs.1.7 lakhs per square foot.

Source: EconomicTimes

 

As per NDTV, around 10% of the amount will be paid now with the rest in the "coming days".

Source: Rediff

[kiladi bullodu]

where is lotus pond

[Mahesh_Fan]

antha costly anpinchatledeyyyy

[CKRAVI]

60% of the cost is the land value.. more migathadi building etc

[jamesbond]

last pic la anta costly inti bayata seaap ga... Honda CRV aagi undi ROFL

[manchubabu]

last pic la anta costly inti bayata seaap ga... Honda CRV aagi undi ROFL

adi foto teesinavadidi 

[ronitreddy]

antha costly anpinchatledeyyyy

+1

[parker29]

jaggu gaadi illu inka costly ayyuntundi hyd lodi, vaadi hypocrisy ki 10crores ani raapinchuntadu govt docs lo

[manchubabu]

jaggu gaadi illu inka costly ayyuntundi hyd lodi, vaadi hypocrisy ki 10crores ani raapinchuntadu govt docs lo

land value mumbai tho comparing aa

[kakatiya]

where is lotus pond

 

Officials say the overall worth of Jaganmohan's Lotus Mahal could be a staggering Rs 200 crore.

And taking into account the amount spent on building the house for his sister, the entire property could be worth around Rs 200 crore.

Jagan's sister Sharmila reportedly owns 1,800 square yards (16,200 sq feet) in which her evangelist-husband Anil Kumar has built a church, adjoining the house.

The Lotus Mahal is built on an area of 5,807 square yards (52,263 sq feet). Four years back six individual plots were purchased from different owners at an overall cost of Rs 24 crore and then brought together to construct the building.

The six plots were purchased by Jagan's front companies - Utopia Infrastructure, Capstone Infrastructure, Classic Realty and Marvel Infrastructure - in which he and his family have huge stakes.

 

 

Jagans house is very cheap 200 crores only man.. why asking 

[dappusubhani]

Jagan anna's lotus pond  }?.

[Silver_mani]

Lotus pond pics plz 

[parker29]

land value mumbai tho comparing aa

mumbai obviously ekkuva le

[kiladi bullodu]

 

Officials say the overall worth of Jaganmohan's Lotus Mahal could be a staggering Rs 200 crore.

And taking into account the amount spent on building the house for his sister, the entire property could be worth around Rs 200 crore.

Jagan's sister Sharmila reportedly owns 1,800 square yards (16,200 sq feet) in which her evangelist-husband Anil Kumar has built a church, adjoining the house.

The Lotus Mahal is built on an area of 5,807 square yards (52,263 sq feet). Four years back six individual plots were purchased from different owners at an overall cost of Rs 24 crore and then brought together to construct the building.

The six plots were purchased by Jagan's front companies - Utopia Infrastructure, Capstone Infrastructure, Classic Realty and Marvel Infrastructure - in which he and his family have huge stakes.

 

 

Jagans house is very cheap 200 crores only man.. why asking 

 

 

no man thappudu lekkalu ayeuntaye

[k2s]

fafam