[{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/propflix.in\/blog\/iconic-laxmi-niwas-bungalow-sold-for-%e2%82%b9276-crore-in-mumbai\/#BlogPosting","mainEntityOfPage":"https:\/\/propflix.in\/blog\/iconic-laxmi-niwas-bungalow-sold-for-%e2%82%b9276-crore-in-mumbai\/","headline":"Iconic Laxmi Niwas Bungalow Sold for \u20b9276 Crore in Mumbai","name":"Iconic Laxmi Niwas Bungalow Sold for \u20b9276 Crore in Mumbai","description":"Mumbai, a city known for its rich heritage and luxury real estate, has witnessed yet another landmark deal. The historic Laxmi Niwas bungalow, located in Malabar Hill, has been sold for a staggering \u20b9276 crore. This bungalow, which holds significant","datePublished":"2025-03-22","dateModified":"2025-12-05","author":{"@type":"Person","@id":"https:\/\/propflix.in\/author\/admin\/#Person","name":"propflix","url":"https:\/\/propflix.in\/author\/admin\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/20b005917977ab1f5d7d7dfd154e3f83699822a5400c5c1421e08914b24e2f38?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/20b005917977ab1f5d7d7dfd154e3f83699822a5400c5c1421e08914b24e2f38?s=96&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Propflix Services LLP","logo":{"@type":"ImageObject","@id":"https:\/\/propflix.in\/wp-content\/uploads\/2025\/03\/Propflix-Logo.jpg","url":"https:\/\/propflix.in\/wp-content\/uploads\/2025\/03\/Propflix-Logo.jpg","width":1600,"height":1600}},"image":{"@type":"ImageObject","@id":"https:\/\/propflix.in\/wp-content\/uploads\/2025\/03\/laxmi-nivas.jpg","url":"https:\/\/propflix.in\/wp-content\/uploads\/2025\/03\/laxmi-nivas.jpg","height":675,"width":1200},"url":"https:\/\/propflix.in\/blog\/iconic-laxmi-niwas-bungalow-sold-for-%e2%82%b9276-crore-in-mumbai\/","about":["Blog"],"wordCount":476,"articleBody":"Mumbai, a city known for its rich heritage and luxury real estate, has witnessed yet another landmark deal. The historic Laxmi Niwas bungalow, located in Malabar Hill, has been sold for a staggering \u20b9276 crore. This bungalow, which holds significant historical importance, is a prized piece of Mumbai\u2019s real estate landscape.Property DetailsProperty AttributeDetailsProperty NameLaxmi Niwas BungalowLocationMalabar Hill, MumbaiLand Area1,857 Sq. MetersBuilt-Up Area19,892 Sq. Ft.Year Built1904Previous OwnerKapadia Family (since 1917)New OwnerVageshwari Properties Pvt LtdSale Price\u20b9276 CroreThis heritage bungalow is one of the most prestigious residential properties in Mumbai, offering an unparalleled view of the Arabian Sea and a luxurious living experience in one of the city\u2019s most sought-after locations.The Historical Significance of Laxmi NiwasBuilt in 1904, the Laxmi Niwas bungalow has stood the test of time as an architectural marvel. It was acquired by the Kapadia family in 1917 and remained in their possession for over a century. The bungalow has been associated with Mumbai\u2019s elite and has witnessed significant historical moments over the years.Malabar Hill \u2013 A Prestigious AddressMalabar Hill is one of Mumbai\u2019s most exclusive residential neighborhoods, home to politicians, business tycoons, and celebrities. The area offers serene surroundings, breathtaking sea views, and proximity to important landmarks such as:Raj Bhavan \u2013 The official residence of the Governor of Maharashtra.Hanging Gardens \u2013 A scenic green space overlooking Marine Drive.Walkeshwar Temple \u2013 A historic Hindu temple.Marine Drive \u2013 The iconic Queen\u2019s Necklace along the Arabian Sea.With its luxury real estate, elite residents, and premium amenities, Malabar Hill continues to command some of the highest property prices in India.Why This Deal is Significant for Mumbai\u2019s Real Estate MarketThe sale of Laxmi Niwas marks one of the largest residential property transactions in Mumbai. Here\u2019s why this deal is noteworthy:1. Record-Breaking PriceWith a price tag of \u20b9276 crore, this transaction highlights the rising demand for ultra-luxury real estate in Mumbai\u2019s prime locations.2. Exclusive Heritage PropertyAs a century-old heritage home, Laxmi Niwas holds immense value beyond its price\u2014it represents Mumbai\u2019s architectural legacy and historical significance.3. Prime Real Estate Market TrendsThe deal underscores the continued interest from high-net-worth individuals (HNWIs) and developers in premium South Mumbai properties.4. Investment PotentialMalabar Hill\u2019s limited inventory of luxury properties ensures that such assets continue to appreciate in value, making them a sought-after investment choice.ConclusionThe sale of Laxmi Niwas bungalow in Malabar Hill for \u20b9276 crore is a testament to Mumbai\u2019s ever-growing luxury real estate market. Its historical significance, prime location, and record-breaking price make it one of the most remarkable property transactions in recent times.For those interested in high-value real estate investments in Mumbai, this deal sets a new benchmark for heritage bungalows and premium properties in South Mumbai.Stay tuned for more updates on Mumbai\u2019s luxury real estate market!"},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/propflix.in\/blog\/#breadcrumbitem"},{"@type":"ListItem","position":2,"name":"Iconic Laxmi Niwas Bungalow Sold for \u20b9276 Crore in Mumbai","item":"https:\/\/propflix.in\/blog\/iconic-laxmi-niwas-bungalow-sold-for-%e2%82%b9276-crore-in-mumbai\/#breadcrumbitem"}]}]<!-- This website is optimized by Airlift. Learn more: https://airlift.net. Template:. Learn more: https://airlift.net. Template: 69df51aa46fa5ca2d478f045. 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