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Wednesday, April 12, 2017

Sindhi Business family buys 10 flats for Rs 232 crore in Mumbai

A Sindhi business family has bought 10 super-premium apartments worth a total Rs 232 crore in the Omkar 1973 project in Mumbai’s plush Worli locality.

Omkar Realtors & Developers said, The transaction has been concluded recently and will be registered soon. The cost does not include the stamp duty amount. Out of the 10 apartments, five are bare shells and can be customized later. Being a large joint family, the Mumbai-based buyer is likely to have bought the apartments for personal use.

Virat Kohli, Yuvraj Singh, Bharat Forge chairman Baba Kalyani, Kinetic Engineering’s vice chairman Sulajja Firodia, education and sports baron DY Patil have all bought flats in the project.

Also read: Sushant Singh Rajput Buys A Brand New Maserati Quattroporte

Of the 10 sea-view apartments purchased, totaling a built-up area of 50,000 sq ft, five are ready to move in and are below the 51st floor. The three, four and five-bedroom apartments in towers A and B range from 3,100 sq ft to 7,500 sq ft in area. The developer recently received occupancy certificates for floors up to the 51st for tower A and B, accounting for close to 200 units. The project comprises three towers with more than 400 apartments ranging from 3,000 sq ft to 18,000 sq ft listed at Rs 15 crore to Rs 100 crore. The developer has approvals for 75 floors in tower A, 81 in tower B, and 70 in tower C, rated as the most luxurious.

Indian cricket captain Kohli bought his apartment last year for over Rs 34 crore -- a 7,171-sq ft apartment on 35th floor of tower C with a sea view.

Of the three towers, tower A and B are scheduled to be delivered in June, while the tower C is expected to be ready by mid-2018.

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