Finance

House was sold for Rs 1000 crore in Malabar Hill

House was sold for Rs 1000 crore in Malabar Hill - The Content Park

The real estate sector was greatly affected during the Corona period. But now that the economy is recovering after the lockdown. and the sector is once again recovering. Meanwhile, Malabar Hill, known as the richest place in Mumbai, has witnessed record transactions. A translation Rs 1,000 crore done  in Malabar Hill.

A founder of Avenue Supermarket (D-Mart) Radhakrishna Damani bought the house. The name of this building is Madhu Kunj on Narayan Dabholkar Marg.

The transaction took place on March 31. For Rs 1,000 crore house in Malabar Hill he paid Stamp duty of Rs 30 cr itself. The market valuation of this house is Rs 724 cr. The 5752.22 sq ft house is currently the subject of discussion in the real estate sector.

He owns D-Mart which is one of the most successful grocery chains in India. And has branches in many large and small cities in India. D-Mart offers a wide range of everyday items, including groceries. In just two days after listed his company on the stock exchange in 2017, his wealth increased by Rs 6,100 crore.

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