Niraj Bajaj Buys Sea-Facing Triplex Penthouse Worth ₹252.5 Crores In Malabar Hill, Mumbai!

malabar hill
by Shreya Rathod

If you are a Mumbaikar, then you might feel the pain of buying a house in this coastal metropolis. No exaggeration here, but the real estate prices in the city are soaring high! And every common man is desperately trying to get hold of them. With a 1BHK flat costing no less than a crore, this luxurious sea-facing triplex penthouse in Malabar Hill — one of the posh areas in Mumbai was sold for a whopping ₹252.5 crores. Want to know who bought it?

Niraj Bajaj Is The New Owner Of This Penthouse!

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Credits: Canva Image (Rep Img)

Mumbai’s real estate sector witnessed a mega deal where the Chairman of Bajaj Auto, Niraj Bajaj, bought an extravagant sea-facing penthouse from the real estate developer Lodha Group. This agreement took place on Mar 13th 2023, that is Monday. And if the rumours are correct, then this was one of the costliest apartment deals that the Mumbai Real estate sector has witnessed.

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As for the penthouse, it is on the 29th, 30th and 31st floors of the Lodha Malabar tower — a super luxurious in town. It is located opposite the governor’s home on Walkeshwar Road overlooking the Arabian Sea and touching the Hanging Gardens. Also called the Emperor’s Palace, this triplex is a total of eighteen thousand and eight square feet. The stamp duty for this penthouse alone costs ₹15.15 crores. As for the perks for the owner of this luxurious penthouse, the person would get access to eight car parking slots.

Malabar Hill In Mumbai

If you want to know about the upscale residential areas in Mumbai, then Malabar Hill is your destination. The place is one of the most exclusive residential areas and is home to many business tycoons and celebrities. You can spot some of the prominent families of India living in this area like Adi Godrej, Radhakishan Damani, Chandrasekaran Natarajan, Cyrus Broacha, Ashish Pandey, Birla family, Shashi Ruia, and more.

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And it is a landmark for various government residents like the Chief Minister of Maharashtra’s Bungalow, Government Guest House Sahyadri and official residences of VVIP state officials. It is also close to the Hanging Gardens — one of the landmarks of Mumbai.

Cover Image Courtesy: Flickr