The sprawling property, owned by the engineers of Atash Leasing, a Parsi business family, has been bought by Radhakishan Damani’s wife, Srikantadevi Damani, stock market investor and founder of supermarket chain DMart.
The house was recently bought by Deepika Padukone and Ranveer Singh.
This plot is about 6 km away from Mandwa Ghat.
Last April, Radhakishan and his brother Gopikishan bought a bungalow property on Narayan Dabholkar Road in south Mumbai for a record Rs 1,001 crore.
On Friday, the Atash family’s patriarch, Cyrus Engineer did not respond when contacted by TOI. Property documents show that the deal was entered into on Thursday.
Lockdown blues, ro-ro inspire crowd in Alibaug
It is an old-style home that was built in the early 1980s, long before the Coastal Regulation Zone laws came into force. The land is full of fruit trees,” said local sources.
The Damanis have a huge investment in Alibaug. In 2015, Radhakishan Damani bought the five-star Radisson Blu Resort & Spa for Rs 135 crore. According to the local people, the Damani people also have a big farmhouse spread over 20 acres in Jirad village of Alibaug.
Two months ago, actors Deepika Padukone and Ranveer Singh bought a house in Alibaug’s Mapgaon village for Rs 22 crore, local market sources said. The couple bought it from Rajesh Jaggi of Everstone Group.
Sources in Alibaug said the land rush here intensified when around 150 families from Mumbai shifted to their weekend homes after the lockdown began in early 2020. “During the lockdown, social media was flooded with posts of families lounging in large gardens, strolling on the beach. or swim. Others who saw it wanted the same lifestyle,” he said. The roll-on-roll-off (Ro-Ro) service recently started between Ferry Wharf and Mandwa also added to the demand. It takes one hour to travel in Ro-Ro in air-conditioned comfort.
Sources claimed that the land prices in Alibaug have gone up by 50 per cent since last year. In Awas village, an acre is now Rs 3 crore, while it was Rs 2 crore before the lockdown. Prices have increased from Rs 1.5 crore to Rs 2.2 crore per acre in Jirad village.
“The demand is only for plots that are 20-30 minutes away from Mandwa jetty,” said a real estate broker.
Alibaug owns houses, which include Shah Rukh Khan in Thal village, Ratan Tata in Warsoli village, Noel Tata and Shapoor Mistry in Kashid, Nikhil and Alina Meswani in Kihim and the Godrej family bungalow near Mandwa Ghat amidst vast coconut plantations Huh. .
(Inputs by Umesh Parida)
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