Breach Candy flat sold for Rs 1 lakh per square feet?

Aug 31, 2009, 06:58 IST | Varun Singh and Hemal Ashar

Brokers claim that's the amount Pune businessman Vijay Shirke paid for 2,400 sq-ft house, making it Mumbai's costliest deal, but he says it's not true

Brokers claim that's the amount Pune businessman Vijay Shirke paid for 2,400 sq-ft house, making it Mumbai's costliest deal, but he says it's not true

Pune businessman Vijay Shirke is said to have bought the most expensive house in Mumbai after paying Rs 1 lakh per sq ft for a 2,400 sq ft flat in Sea Face Park, Bhulabhai Desai Road.

According to a South Mumbai broker, the deal took place in June while the real estate market was still suffering from the economic slowdown.

"The flat was sold at Rs 1 lakh per sq ft," he said. Another broker from the area also confirmed this. But Shirke, while confirming that he's bought the flat, denied the rumoured price.

"I bought the flat for less than Rs 1 lakh per sq ft for nearly Rs 90,000 per sq ft actually," he said.

Face It: Sea Face Park, near the American Consulate and Breach Candy Hospital, is the most sought after addresses in south Mumbai.


Super location


Till date, the confirmed costliest real estate deal was for a flat in NCPA Apartments, Nariman Point, which was sold at Rs 97,000 per sq ft in 2007.

Actor Vinod Khanna would've bought Mumbai's costliest flat for Rs 1.2 lakh per sq ft in II Pallazo building in Malabar Hill last year, but he later cancelled the deal.

Sea Face Park is located near the American Consulate and Breach Candy Hospital. "The building is one of the most sought after addresses in south Mumbai.

The building demands a huge price because of its proximity to the sea. The building's compound is spacious and the swimming pool is the icing on the cake," said a broker.

Famous neighbours

Cardiologist Dr S Bhattacharya who treated Pramod Mahajan and hotelier Nelson Wang of China Garden will be some of Shirke's neighbours.

According to Dr Bhattacharya, who has been residing in the building for the last 13 years, this is one of the most spacious buildings in the area.
 
"I heard about the second floor flat being sold at a good price, but am not sure about the cost.

But the building is one of the best in the vicinity and specially the D wing (where Shirke's flat is situated), which faces the sea," he said.

The building was built in 1938. The monthly maintenance costs only up to Rs 6,000 and is less than any upcoming building in the area.

Its closeness to the Mahalaxmi racecourse and Nariman Point is another merit of the building.

About Vijay Shirke

Vijay Shirke is one of Pune's richest businessmen. His horse, the un-fancied Noble Eagle, won the 2003 McDowell Indian Derby guided by jockey Pramod Belose.

Shirke was formerly part of the Royal Western India Turf Club committee.

He is often spotted at the racecourse helipad, alighting from his personal chopper. The Shirkes are reportedly close to Sharad Pawar.

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