As per a media report, the family of JP Taparia, the industrialist who founded Famy Care, has acquired a luxurious triplex apartment on South Mumbai's Malabar Hill for over Rs 369 crore. This apartment is located on the 26th, 27th, and 28th floors of Lodha Malabar, a super-luxury residential tower on Walkeshwar Road, which faces both the Arabian Sea and the Hanging Gardens, according to the Economic Times. The total area of this apartment is 27,160 square feet, and the deal is valued at nearly Rs 1.36 lakh per square foot, making it one of India's most expensive residential transactions based on total value as well as per square foot.
This deal is considered to be the country's most expensive apartment transaction, surpassing previous records set by top buyers like Madhav Goel and Niraj Bajaj. Recently, Madhav Goel bought a 9,546 sq ft apartment on the 19th floor of Lodha Malabar for Rs 121 crore, while Niraj Bajaj purchased a sea-facing apartment in Mumbai's Malabar Hill for Rs 252.5 crore. In February, BK Goenka bought a penthouse in Oberoi Realty's Three Sixty West luxury project at Worli for Rs 230 crore, while Radhakishan Damani, the founder of DMart's parent company, Avenue Supermarts, purchased 28 luxury apartments for approximately Rs 1,238 crore, making it one of India's largest real estate deals, as per a Moneycontrol report.
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