Siddharth Jain, executive director of Inox Group, has bought a luxury, sea-facing quadruplex apartment for ?144 crore in south Mumbai’s upscale Worli area.
The 10,567 sq ft amalgamated apartment in the building ‘Raheja Legend’ is spread across four levels (42nd, 43rd, 44th and 46th floors), and has access to 12 car parks, showed documents accessed by real estate data portal Indextap.com
Jain bought the property from Ashish Raheja, who is the managing director of Raheja Universal Pvt Ltd. Raheja sold the property in his personal capacity.
Jain, who is responsible for industrial gases, entertainment and cryogenics equipment manufacturing businesses of the Inox Group, acquired and purchased the said premises in the name and for the benefit of his three minor daughters, the registration documents showed.
The amalgamated property was registered on 31 March, and the buyer paid a stamp duty of ?7.20 crore.
