Industrialist JP Taparia and his family have bought the most expensive apartment in India. The apartment is a triplex located in South Mumbai’s Malabar Hill. The price of this apartment is Rs 369 crore. This deal has created a record in the Indian real estate market.
JP Taparia is the founder of Famy Care. His family purchased the apartment from Macrotech Developers. This company is a part of the Lodha Group. The apartment is inside the Lodha Malabar building. It covers the 26th, 27th, and 28th floors of the tower. Lodha Malabar is a very expensive and luxury residential project in South Mumbai.
What Makes It the Most Expensive Apartment in India?
The apartment has a total area of 27,160 square feet. The price per square foot is Rs 1.36 lakh. This makes it the costliest apartment deal in the country. It is also the highest in terms of price per square foot. This is why many people are calling it the most expensive apartment in India.
The family also paid Rs 19.07 crore as stamp duty for this purchase. The apartment has a view of the Arabian Sea on one side. It also faces the Hanging Gardens on the other side. The location is one of the most expensive and peaceful areas in Mumbai.
The apartment is a triplex. This means it has three floors connected inside the same home. It is not just big in size. It also offers privacy, comfort, and luxury. The Lodha Group has designed this building with top-class features for rich buyers.
Who is JP Taparia?
JP Taparia started Famy Care. This company focuses on women’s health and has grown very fast. The Taparia family is one of the richest in the country. They have now made the most expensive apartment in India their new home.
This purchase shows how wealthy Indian families are investing in real estate. They are not just buying land or office spaces. They now prefer large and stylish homes in prime locations.
Other Big Apartment Deals in Mumbai
Before this, Bajaj Auto’s chairman, Niraj Bajaj, made news for a big purchase. He bought a sea-facing triplex penthouse for Rs 252.5 crore. It is in the same Lodha Malabar building. His home is on the 29th, 30th, and 31st floors. It has an area of 18,008 square feet. He paid a stamp duty of Rs 15.5 crore.
Another big deal happened in Worli last month. BK Goenka, the chairman of the Welspun Group, bought a penthouse for Rs 230 crore. Actress Madhuri Dixit also bought a luxurious home in the Indiabulls Blu project in Worli for Rs 48 crore.
Even though these homes are very expensive, they are still behind the one bought by the Taparia family. This is why their apartment holds the title of the most expensive apartment in India.
Why Do the Rich Buy Such Expensive Homes?
Many rich people in India are now choosing high-end homes in Mumbai. There are several reasons for this.
First, there is very little land left in good locations like Malabar Hill and Worli. This makes the price of properties go up. Second, rich buyers want a peaceful and private space. These homes give them space and safety. Third, buying real estate in such locations is a safe investment for many families.
Builders like the Lodha Group know this. That is why they are building more projects with luxury features. These homes include large living spaces, private lifts, pools, sea views, and top-level security.
Will This Record Be Broken Soon?
It is hard to say if someone will soon buy a home that costs more than Rs 369 crore. But Mumbai real estate is always growing. More builders are planning big luxury towers. Many business families are also ready to spend on such homes. It is possible that new records will be created in the future. But for now, the Taparia family’s new home remains the most expensive apartment in India.
Conclusion
This deal shows that the luxury real estate market in India is growing fast. Big families and business leaders now want to live in beautiful, spacious homes with world-class features. The Taparia family’s Rs 369 crore home in Malabar Hill is a symbol of that change.
It is more than just a house. It is a lifestyle. It offers space, style, and the best view in the city. Right now, it proudly holds the title of the most expensive apartment in India.
