By Team Homes | Friday, 05 July 2024

Manappuram Finance CEO purchases Rs.41.2 crore Luxury-Duplex Home in Mumbai

VP Nandakumar, the Managing Director and Chief Executive Officer of Kerala-based NBFC Manappuram Finance, has bought a 4,500 square feet duplex apartment worth Rs.41.25 crore in Mumbai, property registration reports shared by proptech unicorn NoBroker showed.

NoBroker, which has as of late forayed into the extravagance luxury real estate sector, worked with the exchange. The arrangement was enrolled on April 24, 2024, and named S Raheja Developers as the dealer.

It incorporated a stamp obligation of Rs. 2.3 crore, the records showed. In the desirable Bandra West locality of the financial capital, the sea-facing apartment can be found on Carter Road.

The structure houses just a single apartment on each floor "offering the exclusivity which its imminent occupants pay special attention to," NoBroker said.

In this most recent vertical, NoBroker takes care of specific client requests for extravagance apartments, villas, row houses and holiday homes in the value scope of Rs.10 crore or more.

Expressing to this, Saurabh Garg, Co-founder and Chief Business Officer, NoBroker.com says, “Having recently entered the luxury residential market, NoBroker.com has already facilitated multiple transactions of over Rs.10 crore ticket sizes across the core luxury markets of Mumbai, NCR, Bengaluru and Hyderabad. Mumbai, in particular, stands out as a key destination for such high-value deals”.