Niraj Bajaj buys country’s costliest penthouse in SOBO’s Malabar Hill for Rs 252.5 crore
The deal values the triplex, known as The Emperor’s Palace, with a total area of 18,008 square feet at over Rs 1.40 lakh per sq ft, pushing it higher in the tally of the country’s most expensive residential transactions on a per sq ft basis, too. On the 12,624 sq ft carpet area, the apartment is valued at over Rs 2 lakh per sq ft. Bajaj has bought the apartment from Lodha Group’s listed entity Macrotech Developers and has paid stamp duty worth Rs 15.15 crore for the deal.