In the spirits of the soaring real estate prices in Mumbai, Gutka King Jagdish Joshi’s actor son Sachiin has apparently splashed out on a sprawling duplex apartment in Worli. According to insiders, the 9,200 square foot pad that is located on the building’s 50th and 51st floor, costs a whopping Rs 66 crore.
According to sources from the real estate sector, Sachiin’s new home is in the Palais Royale building in Worli. A real estate broker says on conditions of anonymity, “The building commands a rate of Rs 65,000 per square foot and the floor rise after 20th floor is Rs 400 per square foot. Hence, the price goes to Rs 66 crore for the whole apartment.”
Doting wife and actress Urvashi Sharma states that Sachiin wants her to have the best in life. “It’s a duplex and we decided to go for this particular building because it’s one of its kind in the country. My husband wanted to give me the best house to live in.”
Another source close to the developers of Palais Royale confirms having sold a flat to the Joshis. However, he refused to give any further detail. Palais Royale stands where once the famous Shree Ram Mills stood. The boutique residential building is said to have facilities that would match a seven star hotel.
With inputs from Shakti Shetty