Brokerage firm Nirmal Bang Securities’ promoter Kishore Bang and wife Suman Bang have purchased two apartments in Mumbai's Mahalaxmi area for ₹ 45.69 crore, according to property registration documents accessed by Zapkey. The two apartments are located in the Raheja Modern Vivaria project being built by K Raheja Corp in South Mumbai's Mahalaxmi, according to the documents.
The transaction for the two apartments measuring 5,255 sq ft was registered on September 14 and 15, 2024, according to the documents. One out of the two apartments on the 30th floor was purchased for ₹ 25.95 crore measuring 2,891 sq ft in the name of Kishore Bang and Suman Bang.
The second apartment on the same floor measuring 2,364 sq ft was purchased for ₹ 19.74 crore by Suman Bang and Kishore Bang, according to the documents. The two apartments come with eight car parkings.
The per sq ft price for the two transactions works out to be around ₹ 86,948 per sq ft. Prices in the Mahalaxmi area start from more than ₹ 50,000 per sq ft and can go all the way up to ₹ 1 lakh per sq ft, according to local brokers. According to the property registration documents, the stamp duty paid for both the apartments is ₹ 2.
74 crore along with a registration fee of ₹ 60,000. The Raheja Modern Vivarea project is being constructed in the Modern Textile Mill compound and has reported several transactions by high net worth individuals in the last few months. Also Read: Lloyds Group promoter’s family buys prope.