Ultra-luxury Malabar Hill flats fetch ₹369.55 cr

There’s a rush for ultra-luxury flats in Mumbai, with a new rule limiting the deduction on capital gains from real estate to ₹10 crore, coming into effect from Saturday. HT Image In the latest deals that have come to light, the JP Taparia family, the promoters of contraceptive maker Famy Care Ltd, purchased six apartments spanning a net area of 27,160.6 sq ft in both towers in the Lodha Malabar project in south Mumbai’s Malabar Hill for ₹369.55 crore, and the Rajkamal Bajaj-promoted Avener Capital Pvt Ltd and Bajaj Consultants, financial advisories in private equity, mergers and acquisitions, have bought a 9,500 sq ft duplex in Oberoi Three Sixty West in Worli in central Mumbai for a little over ₹100 crore. Jyoti Prasad Taparia, chairman of Famy Care Ltd, purchased a 4,424 sq ft apartment in Tower B, while Anjali Ashutosh Taparia purchased units on the 26th, 27th and 28th floor of Tower A and the 27th and 28th floor of Tower B, spread across 22,736.6sq ft, according to registration documents accessed and shared by IndexTap.com and Zapkey.com. In the other big-ticket deal, Avener Capital Pvt Ltd and Bajaj Consultants Pvt Ltd purchased a 9,593 sq ft duplex on the 21st and 22nd floors of Oberoi Three Sixty West for ₹100.70 crore, according to documents accessed by IndexTap.com. Earlier this month, on March 10, Bajaj Auto chairman Niraj Bajaj purchased a 18,004 sq ft triplex on the 29th 30th, and 31st floor of Lodha Malabar for ₹252.50 crore.