Mining magnate puts London house on sale

Mining magnate puts London house on sale

Pramod Agarwal, an industrialist of Indian origin has put his luxurious house located in Central London on the block. Agarwal, The founder of the international Zamin mining group who had acquired the massive property overlooking the city’s famous Regent’s Park in October 2013 for 37.5 million pounds, is compelled to sell it off as a result of a slump in the mining industry in the UK.

Although the ‘Evening Standard’ report says that Agarwal was hit by a big fall in his personal wealth last year following disintegration in iron ore prices and a costly legal battle over a Brazilian mine, the tycoon denied it by saying that the decision to sell the luxury home was more personal.

The prime property was formerly an office building which was created into a single 11,233 sq ft residence after renovation, the newspaper reports. UK based property agents Savills are marketing this premier luxury house as a “unique and elegant lateral town house” with “excellent volumes and proportions” for 32 million pounds.

The lavish home has a spa and gym in the basement, a first-floor grand reception hall nearly 40 ft-long with views over the park’s boating lake and six bathrooms.

Agarwal is presently residing at the family’s nine-bedroom dwelling in Mill Hill, north London.