Billionaire Harsh Goenka buys flat for Rs 45 cr in Mumbai's Malabar Hill

A flat in one of the most sort out building’s in Malabar Hill — IL Palazzo — was bought by Harsh Goenka for a whopping Rs 45.2 crore from Citibank India. The flat is located on the 18th and 19th floors of the building and it is a duplex five bedroom apartment with a sea view. The per square foot rate is over Rs 1.29 lakh per sq ft on carpet area basis. The bank sold the apartment through an auction. When contacted, Citi declined to comment.

The apartment is spread over a carpet area of 3,500 sq ft, and the deal comprised of two parking spaces. According to an official from Goenka’s RPG Group, the family already owns apartment in this building. Sources said the deal was concluded through a company called Malabar Coastal Holdings. The building is inhabited by prominent billionaires such as investor Rakesh Jhunjhunwala and late actor Vinod Khanna.

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IL Palazzo is one of the landmark buildings, built in 1972. It is surrounded by sea on three sides and commands a panoramic view of the island city. The building has four wings, with two apartments on each floor. Repeated calls and a detailed message sent to Anant Goenka, son of Harsh, went unanswered.

By Varun Singh, DNA India