India’s most expensive apartment

INVESLodhaThe Lodha Group real estate developer has achieved the biggest ever apartment deal in India with the sale of an under-construction construction luxury tower on Altamont Road for an astronomical price of Rs.160 crore.

The duplex built on 10,000 sq.ft.has been bought by a pharmacy company at the rate of Rs 1.60 lakhs per sq.ft.

It is reported that in today’s property market developers are turning to deep discounts, free parking spaces and even gimmicks like gifts of gold coins and motorbikes in their search to turn property inventory into cash.

In August a sea facing triplex penthouse in the up market Napean Sea Road area was bought by an industrialist for Rs.202 crore deal.