Industrialist buys heritage south Mumbai bungalow for Rs 180cr

by Paul Joseph on November 2, 2013 · 0 comments

MUMBAI: Glamis Villa, a bungalow on Bhulabhai Desai Road off Breach Candy in south Mumbai, was sold for Rs 180 crore on Thursday to an industrialist family. The owner of the over 1,000-sq-m land, the Fazalbhoy family, put it up for sale barely two months ago. It was acquired by M P Aggarwal, chairman of Sajjan India Ltd, on Thursday through a local property broker, it is learned. The Rs 180 crore sum includes a Rs 30 crore payment to a tenant to vacate the premises. The land, part of the larger Westfield Estate , belonged to Hari Singh, the Maharaja of Jammu and Kashmir, till the late 1930s. On

[via Real Estate India - Indian Property News and Discussion Forums]

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