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Veteran actor Vinod Khanna sets a new record in Mumbai realty

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Mumbai still holds the position of being the posh realty destination globally and recently it has set another unbreakable record. Il Palazzo, a prominent apartment in Mumbai fetched Rs. 1.20 Lakh per Sq.Ft and the winning bidder is none other than Mr. Vinod Khanna, the name needs no introduction in India had purchased a flat measuring 2500 Sq.Ft floor area for Rs. 30 Crore at Rs. 2500/ Sq.Ft. Mr. Khanna holds the ownership of the similar flat in C Wing of the 21st Floor in the same apartment. As reported at the www.propertykhazana.com similar deal was in the headlines and a 3475 Sq.Ft flat in NCPA apartments fetched Rs. 97,842 per Sq.Ft.
The flat which Mr. Khanna had purchased was put on auction by Citibank and the flat has all the high-end facilities and amenities facing the sea and the auction was held at the bank office in Bandra-Kurla complex. It is added at the www.propertykhazana.com that 12 bidders took part in the auction and all the 12 are the residents of the Il Palazzo and at last Khanna won the deal.
The 25 years old apartment was developed by Parsi Developers and earlier in an auction, Mr. Rakesh Jhunjhunwala had brought an apartment from American Express Bank for Rs. 25.25 crores. Citibank nowadays is engaged in such deals and in the one year time it has successfully sold 7 flats in Mumbai. As per the source saying at the www.propertykhazana.com all the exercise carrying out by the Citibank is to overcome the financial crisis and after Vikram Pandit took charge as the CEO the group has sold or totally closed nearly 50 branches in US alone and sold a building in Tokyo. Mr. Vikram Pandit said to the sources that the group is ready to sell about USD 400 billion worth properties in couple of years.
Source: NBTVLIVE

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