Mumbai duplex sold for a whopping Rs 160 crore

A property deal in the maximum city has taken the realty market by storm. The real estate developer Lodha Group has sold a duplex at an under construction luxury building at the much sought after Altamount Road for Rs 160 crore. The duplex is spread over 10,000 sq ft and is believed to have been purchased by a pharma company. Slated as the biggest apartment deal in India, this makes the rate per sq ft at Rs 1.60 lakh.

With so many buildings mushrooming in the city, developers are believed to offer deep discounts, free parking spots and resort to other sale gimmicks to tempt buyers to purchase their property. The property market in Mumbai really seems to be going through the roof with a sea facing triplex that was sold in August for Rs 202 crore.

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The disparity is very evident in the city where half of the city barely makes ends meet while the other has this kind of money to spend.

[ Via : Zeenews ]

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