This Indian Business Family Buys India's Most Expensive Triplex Apartment For Rs 369 Crore! (Facts You Should Know)


Rohit Kulkarni

Rohit Kulkarni

Apr 05, 2023


The owner and founder of contraceptive maker Famy Care, JP Taparia is in the news over the purchase of India’s costliest apartment worth whopping Rs 369 crores.

This Indian Business Family Buys India's Most Expensive Triplex Apartment For Rs 369 Crore! (Facts You Should Know)

The property bought by the industrialist JP Taparia has a sea-view luxury triplex apartment in South Mumbai’s Malabar Hill.

India’s Costliest Apartment Owned by JP Taparia of Famy Care

The apartment pans across the 26th, 27th and 28th floor of the luxury residential tower Lodha Malabar in posh Walkeshwar Road area, opposite the governor’s estate. The prime area of the maximum city touches both the Arabian Sea and the Hanging Gardens.

What makes it the country’s most expensive residential flats is its 27,160 square feet spread with a cost per sq ft was Rs 1.36 lakh.

Prior to this the India’s most expensive apartment deal ever was Madhav Goel of Tufropes purchasing a 9,546 sq ft apartment in the sea-facing Lodha Malabar project in Malabar Hill for Rs 121 crore. The flat is on the 19th floor and was purchased from Macrotech Developers Ltd.

A Look on Most Expensive Residential Places in India

  1. Tardeo, South Mumbai: India’s most lavish and expensive area, Tardeo has commercial offices and luxury residential areas with cost starting from Rs 56,200 per Sq ft.
  2. Nungambakkam, Chennai: A home to many multinational companies, government offices, educational institutions, shopping malls, and more, Nungambakkam gives a European vibe the rents start from Rs. 2.50 Lakhs and the rate of the properties can go till Rs 100 Crore.
  3. Banjara Hills, Hyderabad: This is the top expensive area in Hyderabad with properties costing around Rs. 75 Crore and the rent is as high as Rs 4.50 Lakhs.
  4. Sector 5, Chandigarh: The VIP neighbourhood of Chandigarh, Sector 5 has many palatial bungalows, beautiful green parks, state-of-the-art infrastructural facilities, etc with properties starting from Rs. 45 Crore.
  5. Boat Club, Chennai: One of the most expensive places in Chennai. Boat Club is a lavish residential area where many VIPs living, with properties easily costing in crores.
  6. Koregaon Park, Pune: The most prestigious location in Pune, it is a rich hub having luxurious residential apartments, bungalows, expensive retail stores, multiplexes, restaurants, and hotels, with properties coming around 13,000 to 16,000 rupees per sq ft.
  7. Golf Links, Delhi: Home to several politicians and industrialists. No doubt it is listed among the most expensive residential areas in India, rent here can go up to 1 Lakh to 10 Lakhs rupees and whereas buying would easily go up to Rs. 85 Crores. Paytm founder, Vijay Shekhar Sharma, recently bought a property in the area for ₹82 crores.

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Rohit Kulkarni
Rohit Kulkarni
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