By Admin 
- 70 year old Leela Bungalow on Juhu Tara Road in Mumbai sold for Rs 221 crore.
- Due to heritage status, not much change is possible in this bungalow.
- Notandas Realty, part of Notandas Jewelers Group, purchased the bungalow.
- This sea-facing bungalow has a 1355 sq m plot and 8480 sq ft built-up area.
Mumbai Costliest Bunglow: Mumbai is not only the city of dreams, but it is also called the financial capital of the country. Expensive property deals often remain in the headlines here. Meanwhile, a sea-facing bungalow located on Juhu Tara Road is in the news for its price. You will be surprised to know the price of this almost 70 years old Leela Bungalow. Its price has been fixed at Rs 221 crore. Due to its heritage value, this property is considered very special and many builders have shown interest in it.
Located on Juhu Tara Road, this Leela Bungalow is built in Art Deco style and has got IIB grade heritage status. This clearly means that not much change can be made in it after purchasing it. This bungalow belongs to the Nanavati family, which is attached to Nanavati Max Super Specialty Hospital.
Know who bought this expensive bungalow?
This sea-facing bungalow has been bought by Notandas Realty, which is part of Notandas Jewelers Group. In this deal, a huge amount has also been spent on stamp duty and registration. It has been bought together by Mahesh Notandar Jagwani and his son Harsh Jagwani. This family is associated with jewelery business.
What is the specialty of the bungalow?
- This two-storey bungalow is built on a plot of approximately 1355 square meters.
- It has a built-up area of 8480.60 square feet.
- Also it has a terrace of 2500 square feet.
- And 5000 square feet garden is also present.
According to this deal, the price was approximately ₹ 2.60 lakh per square foot. However, before this, in another expensive deal in Mumbai, the price has gone up to ₹ 2.89 lakh per square foot.
The price had reached Rs 250 crores
This deal was managed by JLL India. For the first time this bungalow was listed for sale in 2022 for Rs 210-220 crore, but later its price increased to around Rs 250 crore. This Leela Bungalow of Mumbai is not just a property, but a perfect combination of heritage and luxury.