Motilal Oswal Family Trust buy two apartments for Rs 101 crore in South Mumbai – ET RealEstate

MUMBAI: The Motilal Oswal Family Trust has bought two lavish duplex apartments measuring 6,800 sq ft for Rs 101 crore at a posh high-rise in South Mumbai. The flats located in 33 South Condominium on Peddar Road were bought at Rs 1.48 lakh per square foot, which is one of the highest rates for residential property in the city in recent times.

This is the second biggest real estate deal of 2020 in terms of amount.

The Oswals currently live in Parel area.

Motilal Oswal Financial Services Limited is a diversified financial services firm offering a range of financial products and services.

The duplex apartments are located on 13th and 17th floors of the building.

The seller is developer Samir Bhojwani, who is known for some big-ticket deals. In October, Bhojwani had sold a huge apartment to actor Hrithik Roshan for Rs 96 crore.

The latest deal was struck on December 22.

The documents accessed by Mumbai Mirror show that the Oswals carried out four separate registrations for the flats. While two of the flats sold by Bhojwani to Oswals cost Rs 25.50 crore each, the other two cost Rs 25 crore each.

All the duplexes have internal staircases and separate balconies, exclusive elevators, fire exits along with two car parking spaces for each flat, flower beds and other amenities and right to use common passage and refuge area.

33 South Condominium has super luxury homes with only duplex apartments. The area where this building is located is considered to be one of the most expensive in Mumbai where some of the richest people of the city live.

Antilia, the lavish house of the Ambani family, is located just a few metres away from 33 South Condominium.

Oswals refused to comment on the deal.

Mumbai Mirror tried to reach Bhojwani for comment but did not get a response till the time of going to press.

In March this year, businessman Neeraj Kochhar had bought several floors in Indiabulls Blu for Rs 132 crore. This was the biggest deal of the year.

Later in July, businessman Anurag Jain had paid Rs 100 crore for two adjacent apartments in Carmichael Residencies in south Mumbai.



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Hrithik Roshan buys two apartments in Mumbai for Rs 97.50 crore – ET RealEstate

BY: Vallabh Ozarkar and Varun Singh

MUMBAI: Superstar Hrithik Roshan has splashed out a shade under Rs 100 crore for two apartments spread over three floors on the Juhu-Versova Link Road. One of the two apartments is a penthouse with which the actor, who will be seen next on the big screen in his family’s super-hero franchise Krrish, is likely to integrate the other.

While the apartments aren’t quite the Iron Man Tony Stark’s sea cliff house, they are together spread across 38,000 sq ft – that is forty-six 800 sq ft flats — and offer an uninterrupted view of the Arabian Sea. The apartments come with a 6,500 sq ft open-to-the-sky terrace and an exclusive lift. The Roshans will also have access to ten parking slots in the building.

The building in which this mansion-in-the-air is located is called Mannat and the deal, worth Rs 97.50 crore to be precise, was closed on Thursday.

Property documents accessed by Mumbai Mirror reveal that the actor carried out two different registrations with the builder Samir Bhojwani – one for the duplex and the other for the second apartment. He paid Rs 67.50 crore for the duplex, which is spread over 27,534.85 sq ft on the 15th and 16th floors of the building. For the other apartment, that measures 11,165.82 sq ft on the 14th floor, Hrithik paid Rs 30 crore. He paid a stamp duty of Rs 1.95 crore for the registration of the apartments.

Bhojwani’s representative refused to comment on the sale, but a broker from Bandra, who was privy to the deal, said Hrithik had finalised the purchase almost a month ago.

The Roshans in June 2020 rented an apartment in Juhu’s Prime Beach building at Rs 8.25 lakh-a-month. A message sent to the actor’s public relations manager yielded no response.



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