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A 25,000-sq-m plot in Wadala has attracted a sky-piercing bid of Rs 4,053 crore to the Mumbai Metropolitan Region Development Authority (MMRDA), the offer you coming right after a two-year slump in the realty industry. If the deal goes by way of, it will be the country’s highest land transaction ever. With the payment model allowed for the Wadala plot -5 years at 10 per cent compound interest is the total quantity that the developer will shell out functions out to a staggering Rs 5,700 crore. The Delhi-primarily based BPTP had quoted Rs 5,006 crore for a 95-acre plot put up for sale by the Noida Authority, but the deal soon fell through. The aggressive bid by Lodha group comes ahead of the launch of its initial public offering (IPO). The winning bidder, Lodha Crown Buildmart Pvt Ltd, has quoted a price of Rs 81,818 per sq m of the permissible constructed-up region on the plot, which the MMRDA had earlier earmarked for an iconic tower.
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Top rated MUMBAI RESIDENTIAL House is undergoing a steady upward trend. This week politician and actor Vinod Khanna bought the country’s most pricey 3-bedroom flat in Mumbai’s Small Gibbs Road on Malabar Hills. This luxurious flat in Il Palazzo cost him Rs 30 crore. These home hotspots had been ranked in the best ten list of global order. Increasing prices of Mumbai’s real estate has normally created news. Even the suburban regions like Jogeshwari, Malad and Borivali command property price of Rs 4,800-6,500 per sq ft for residential segment. Topmumbai builders today are giving a lot of high quality and worth added solutions like swimming pools, health clubs and gardens in their projects.Sample this, capital prices for residential segment in Marine Drive ranges among Rs 12,000-20,000 per sq ft. Earlier, in January this year a home evaluation had recommended that rental values in Bandra-Kurla complicated and capital values for industrial property are highest for Nariman Point.