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.

Mumbai Bungalow Deal: Once again a luxury property is in the headlines in the real estate market of Mumbai. This sea-facing bungalow located on Juhu Tara Road is about 70 years old. However, due to its special location and heritage importance, its price has been fixed at Rs 221 crore. Interestingly, despite such a high price, many big builders showed interest in purchasing it. After which this property has become a topic of discussion in the market.

Bungalow has got heritage status

‘Leela Bungalow’ built on Juhu Tara Road is about 70 years old and has been built in Art Deco style. This property has got heritage status of IIB grade. Because of which the buyer will not be able to make much changes in it. According to a report in Hindustan Times, this bungalow belongs to the Gautam Nanavati family. Which is connected to Nanavati Max Super Specialty Hospital of Mumbai.

specialty of bangla

This two-storey bungalow is built on a plot of about 1,355 square meters. Which has a built-up area of ​​approximately 8,480.68 square feet. Along with this, there is also a terrace of about 2,500 square feet and a garden of about 5,000 square feet. If we look at the price according to built-up area, then this deal has been done at the rate of around Rs 2,60,592 per square foot.

The price was already high

This deal has been managed by JLL India firm. According to the information, this bungalow was put in the market for the first time in the year 2022 for sale between Rs 210 to 220 crores. After this, at the beginning of this year its price had increased to about Rs 250 crore.

Who bet on bungalow?

Notandas Reality has acquired this sea-facing bungalow in Mumbai. Which is a company associated with Notandas Jewelers Group. A good amount of money has also been spent on stamp duty and registration in this deal.

This deal has been completed jointly by company director Mahesh Notandas Jagwani and his son Harsh Mahesh Jagwani. Mahesh Jagwani is also the director of Notandas Jewelers and runs its showroom in Bandra. The foundation of this business was laid by Kishin Jagwani of Notandas family in 1983.

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