May 19, 2024 13:42 (IST)
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Kumarmangalam Birla purchases iconic bungalow for record Rs. 425 crore
Mumbai, Sept 8 (IBNS) Industrialist Kumarmangalam Birla is the proud owner of the country's costliest house as he has purchased the iconic Jatia House in Malabar Hill for a record Rs. 425 crore.
Birla made the purchase on Monday as the 25,000-square feet bungalow was put under auction.
The previous record was made in 2011 when Maheshwari house in the same area went for Rs. 400 crore. A stone's throw away from Maheshwari house Home Bhava's house was sold for 372 crore in 2014.
The building Birla has purchased comes for about Rs. 1.7 lakh per sq ft.
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