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

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..