JM Financial buys 2 apartments in south Mumbai for 60 Cr INR

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JM Financial Ltd, a financial services company has purchased 2 luxury apartments in south Mumbai’s Malabar Hills for 30 Cr INR each. The building, IL Palazzo, is known to house many billionaires of Mumbai.

The transaction was part of a settlement of debt owed by the promoter companies of Nitco Ltd. The transfer deed shows that the total area of the property spreads across 5000 sq. ft.

Data shows that a stamp duty of 3 Cr INR in total was paid for the luxury apartment. The date of registration is 31st of March, 2022.

IL Palazzo was launched by the well known Bombay Real Estate Development Company and  is positioned in the most demanding area of Mumbai i.e. Malabar Hill. This project shelters 84 residential units that are worth exploring.

For more such property data visit Zapkey.

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