Real estate in Mumbai and its metropolitan area is known to be expensive. And South Mumbai is known for the luxury residential property market. Recently, a bare shell apartment in a high rise in South Mumbai has become the costliest flat this year.
According to DNA, a 2,952-square foot flat at Lodha Altamount on Altamount Road has been bought by Manish Patel of MSwipe Technologies at the rate of Rs 1.29 lakh per sq ft. Patel and wife Shital shelled out Rs 38.08 crore for the 15th-storey flat in the A-wing of the 40-odd-storey residential complex, which has two wings in all. The Patels currently reside at Kemps Corner. Patels will get parking space for six cars at Lodha Altamount. The couple has also paid Rs 2.28 crore as stamp duty.
The Lodha Altamount tower offers 4-bedroom residencies 5-bedroom duplex and 5-bedroom villas. The luxury residential tower is said to have luxury amenities including a around-the-clock manager, a valet, a bellboy and a doorman at the service of the residents. Rajiv Jain, a south Mumbai realtor told the DNA, "The 40-storey building offers an unrestricted view of the sea and has bare shell flats. Around five to seven families have begun the interior work and may move in by Diwali." The tower has been built on a plot which earlier housed Washington House. The Washington House was a residential property used by officials of the US consulate.
