JP Taparia family buys the most expensive triplex flat in India in SOBO

31 Mar 2023 CW Team

Family of industrialist JP Taparia, Founder of the contraceptive manufacturer Famy Care, has paid over Rs 3.69 billion for a sea-view luxury triplex apartment in south Mumbai's Malabar Hill from real estate developer Lodha Group. This is India's most expensive apartment deal ever.

The residence is situated on the opulent Walkeshwar Road, across from the governor's estate, and touches both the Arabian Sea and the Hanging Gardens. It is on the 26th, 27th, and 28th floors of the opulent residential tower Lodha Malabar.

Considering both the total value and the price per square foot, the acquisition makes the triplex, which has a mammoth 27,160 sq ft of total space, one of the most expensive residential transactions in the nation.

The transaction outperforms all previous records, including the most recent sale of a penthouse in the same ultra-luxury building. Niraj Bajaj, the chairman of Bajaj Auto, recently spent more than Rs 2.52 billion on a premium penthouse with a sea view in this unfinished building.

Macrotech Developments, a listed company of the Lodha Group, sold the unit to Taparias. The family paid stamp duty alone for the deal's registration on Wednesday night, amounting to Rs 190 million.

Also read:
NBCC inks MoU to help in cons. of 1 lakh housing units
Runwal Group invests Rs 45 billion in commercial real estate

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..