BENGALURU :
Rachana Jain, the spouse of Harsh Jain, co-founder and chief govt of Dream Sports activities, has purchased a luxurious duplex condo in south Mumbai’s Peddar Street for ₹72 crore, or over ₹1 lakh per sq. ft.
The duplex condo, unfold throughout the twenty ninth and thirtieth flooring, was bought from Sameer Bhojwani-promoted Jeevesh Builders and Properties Pvt. Ltd.
The sale deed was signed this week, and Jain paid a stamp obligation of ₹2.88 crore, in line with paperwork accessed by way of Zapkey.com, which aggregates publicly accessible property registration knowledge. Jain may even get seven automobile parks as a part of the transaction.
Mint has reviewed a replica of the sale deed.
The upscale mission is a joint growth between JSW Group and Mumbai-based developer Sameer Bhojwani.
The transaction is among the many costliest residential property offers within the nation.
“We’re witnessing a number of offers within the tech startups area the place promoters are both promoting or elevating some huge cash given the large investor demand. Such offers provide good liquidity to promoters and early staff who find yourself shopping for luxurious houses to fulfil their aspirations and likewise reduce some tax outgo ensuing from capital good points,” mentioned Sandeep Reddy, co-founder, Zapkey.
Jain didn’t reply to an e mail question despatched on Tuesday night.
Dream Sports activities, the mother or father of well-liked fantasy gaming firm Dream11, in November mentioned it raised $840 million from buyers in a deal that valued it at $8 billion.
South Mumbai has seen a spate of high-value transactions in current months.
In December, Pooja Dhoot, daughter-in-law of Videocon Ltd chairman Venugopal Dhoot, purchased a luxurious duplex condo in south Mumbai’s Peddar Street for ₹52 crore, or about ₹1.5 lakh per sq. ft.
Dhoot purchased the three,400 sq. ft property within the ‘33 South’ housing advanced from Peddar Realty Pvt. Ltd and JSW Metal, subsidiaries of JSW Group, confirmed paperwork accessed by way of Zapkey.com.
The ‘33 South’ condominium has seen a string of high-profile sale transactions in current months. In December itself, JSW Vitality chief govt Prashant Jain purchased a duplex condo within the high-rise constructing for ₹45 crore, or greater than ₹1.32 lakh per sq. ft. The Motilal Oswal household belief just lately purchased two duplex residences unfold throughout 6,800 sq. ft on the thirteenth and seventeenth flooring of the identical constructing for ₹101 crore. In March, Enam Asset Administration Co. Pvt Ltd co-founder Jiten Doshi had purchased two duplex residences on this mission for ₹61 crore.
Mumbai, the nation’s Most worthy property market, has seen a sustained momentum in residential gross sales prior to now 12 months or so, on the again of a stamp obligation exemption, apart from low-interest charges and pent-up demand.
The Maharashtra authorities reduce stamp obligation expenses to 2% from 5% from September to December-end 2020.
Supply: Live Mint