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Flat in Mumbai costing Rs 1.11 lakh per square feet!

1 Comment Sub Category:Uncategorized Posted On: Feb 08, 2012

Can you just imagine a residential flat costing Rs 1.11 lakh per square feet? This is recorded as the highest deal in India under residential apartment sales.

An apartment in Cuffe Parade’s Jolly Maker 1 in Mumbai city at 21st floor fetched Rs 29 crore.

However, sometime ago the highest recorded apartment price was Rs 1.02 lakh per square feet and a duplex flat in the 19th floor was sold for Rs 37.25 crore at Worli’s Samudra Mahal.

This property sale is recorded as sale of the year 2012 costing lakhs for a square feet has created a lukewarm feeling in the Indian realty market.

Source: The Times of India

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