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India’s Most Expensive Apartment

The apartment price bested the previous high of $2,000 per sq ft paid in 2010.

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India’s Most Expensive Apartment

In what is being billed as the most expensive residential apartment sale in India, a 2,600 sq ft apartment in Mumbai’s Cuffe Parade’s Jolly Maker 1, the country’s richest housing society. was recently sold for $6 million — $2,200 per sq ft.

The apartment price bested the previous high of $2,000 per sq ft paid in 2010 for a larger, 3,600 sq ft apartment in Worli’s Samudra Mahal, also in Mumbai, which sold for $6.2 million.

The four-bedroom apartment was purchased by Ashok Patni, one of three brothers who own Patni Computers. All three Patni brothers —Narendra, Ashok and Gajendra — already own apartments in this sea-facing tower.

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Odds & Ends | March 2012

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