Check Out The Details Of Rekha Jhunjhunwala’s Rs 11.76-Crore Apartment Purchase In South Mumbai

Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, purchased an apartment in South Mumbai’s Walkershwar area for Rs 11.76 crore, according to property registration documents.

The 1,666 sqft apartment, located in the over 50-year-old Rockside Apartment near the Arabian Sea, spans across 1,666 sqft of carpet.

On March 15, 2024, Rekha Jhunjhunwala paid over Rs 59 lakh for stamp duty and registration charges for an apartment with a 376 sqft car parking.

The Walkeshwar and Malabar Hill micro-market in Mumbai, once India’s costliest residential market, has seen a decrease in premium and luxury projects due to business relocation northwards.

In November 2023, Rekha Jhunjhunwala-led Kinnteisto LLP purchased over 1.94 lakh sq ft of commercial office space in Mumbai’s Bandra Kurla Complex and Chandivali area for approximately Rs 740 crore, marking one of India’s largest commercial office deals.

A Knight Frank report titled ‘Prime Global Cities Index Q4 2023’ revealed that Mumbai, New Delhi, and Bengaluru, Indian cities, saw an increase in their average annual prices of prime residential or luxury homes.

Mumbai’s 10% price growth in the past year is primarily due to affluent homebuyers seeking lifestyle upgrades amid a strong economic environment that is gaining momentum.

Mumbai saw the third highest YoY growth in prime residential prices in Q4 2023, boosting its ranking by 5 places from 8th in Q4 2022.

General News Platform – https://ihtlive.com/
Entertainment News Platforms – anyflix.in
Construction Infrastructure and Mining News Platform – https://cimreviews.com/
Podcast Platforms – https://anyfm.in