Kumar Birla set to buy Mumbai bungalow for Rs 425 crore

September 08, 2015 11:32

Industrialist Kumar Mangalam Birla is believed to have emerged as the highest bidder for Jatia House, a sprawling bungalow on Malabar Hill. Knowledgeable sources in the real estate market said Birla had quoted around Rs 425 crore, making it probably the most expensive bungalow property to change hands in Mumbai till now.

Sources said four other bidders -- two industrialists from Mumbai and one from Delhi, and a developer -- were in the race when bids were opened last week. Read more

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