An expensive transaction took place in Malabar Hill, one of the most expensive areas of Mumbai. Lodha Company sold two flats for Rs. 270 crore! Renowned polyester CMD Anil Gupta bought these flats. The purchases were made in a luxury project in Lodha Malabar on Walkeshwar Road by Macrotech Developers. While Rs. 135.21 crore was spent on the first apartment, Rs 8.11 crore was paid under stamp duty. Its carpet area is 9,548 square feet. In addition, there will be seven car parking spaces. Also, in the same project, the second flat was purchased for Rs. 134.78 crore.
For this, Rs. 8.08 crore was paid under stamp duty. The area of this flat is also 9,548 square feet. It has eight parking spaces. These two flats were registered on the 12th of this month. Lodha Malabar is known as the Palace by the Sea. It has 31 floors. Architect Hafeez Contractor designed this plan. If builders are not strict with such investors, the economic cycle will be affected. In such situations, there is a possibility that the projects will be stopped. Also, if the real sector is to be transparent, Kumar suggested that the builders must also follow the provisions of the RERA Act.
