India’s one of the biggest property deal: Lodha Group sold its duplex for whopping Rs 160 crore

Lodha Group – Biggest Property Deal

If you will see the real estate market of the country so you will find that on one side there is India’s debt-laden property market which is still struggling to sell thousands of apartments which have worth of billions of dollars and other side there is news that luxury residential apartments being sold at 160 crore.

Recently, Times of India reported that Lodha Group¸ one of the best real estate developers has sold its under-construction luxury tower for Rs 160 crore, which is located at Altamount Road in Mumbai. This property deal which has worth of Rs 160 crore and has taken the entire real estate market by storm in Mumbai. The report further added that the duplex, which is spread across 10,000 sq ft is believed to brought by a pharma company. Quoted as the biggest apartment deal in country, the base rate of property was Rs 1.60 lakh per sq ft

Currently, in country all the major real estate developers are offering deep discounts, gold coins, motorbikes, free parking space, foreign holiday tour and other gifts with different offerings to attract the end users and investors with an aim to turn property inventory into cash.

It may be recalled that in August 2015, a sea-facing triplex penthouse, which was located at South Mumbai’s Napean Sea Road was bought by an industrialist at the price of Rs 202-crore.