Rekha Jhunjhunwala, the spouse of late ace investor Rakesh Jhunjhunwala, bought 9 residences for Rs 118 crore since November 2023 by means of a number of entities.
Rockside CHS, which is simply behind sea-facing Jhunjhunwala’s RARE Villa residence, was up for redevelopment underneath a cluster scheme
Rekha Jhunjhunwala, the spouse of late ace investor Rakesh Jhunjhunwala, has purchased nearly all of the models in a constructing for Rs 118 crore to push back any obstruction to the vista of the Arabian Sea from her Malabar Hill house, in line with a Moneycontrol report.
Rockside CHS, which is simply behind sea-facing Jhunjhunwala’s RARE Villa residence, was up for redevelopment underneath a cluster scheme.
Additionally Learn: Rekha Jhunjhunwala Buys Rs 11.76-Crore House In South Mumbai
Outstanding developer Shapoorji Pallonji had submitted a industrial proposal by means of which every house owner would get a further carpet space of virtually 50 per cent within the redeveloped format.
In keeping with the Moneycontrol report citing paperwork sourced by means of Zapkey, Jhunjhunwala, by means of a number of entities, bought 9 residences for Rs 118 crore since November 2023 after sensing that the redevelopment might probably limit the sea-view from RARE Villa residence.
Market sources point out that there’s extra with the household having really bought 19 of the 24 residences within the constructing, the report stated.
The ocean-facing Walkeshwar is present process a wave of redevelopment as builders look to cater to the uber-rich in South Mumbai. Lodha Malabar set that market on hearth with file transactions within the final 18 months. Industrialist JP Taparia of Famy Care did India’s costliest condo deal by buying a triplex for INR 369 crore.
Brokers say Shapoorji Pallonji has paused on the cluster redevelopment technique because it awaits readability on the standing of Rockside CHS underneath its newest majority proprietor.
