Description
Sanjay Nayar, founder and chairman of Sorin Investments, has bought a luxury apartment at Kamal Mahal on Mumbai’s Carmichael Road for ₹90 crore. The 4,537 sq. ft residence was purchased at nearly ₹1.98 lakh per sq. ft on a carpet-area basis. The deal, registered on September 15, also includes a 225.89 sq. ft open garage.
The transaction highlights the premium commanded by South Mumbai’s ultra-luxury residential market. An apartment in the same building sold for ₹33 crore in 2014, reflecting the sharp rise in values at legacy addresses over the years.
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