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Ravi and Neel Raheja, promoters and group presidents of Mumbai-based real estate firm K Raheja Corp, have bought an independent property in suburban Mumbai's upscale Santacruz-Juhu area for ?265 crore.
The Raheja brothers have bought the 31,000 sq ft plot, which also has a 7933 sq ft independent house, from brothers Bharat Hari Singhania, Raghupati Singhania, and family members of late Sri Pati Singhania.
Bharat Hari Singhania is the chairman and managing director president of JK Lakshmi Cements Ltd, while Raghupati Singhania is the chairman and managing director of JK Tyre & Industries Ltd.
The property was bought by Kamlapat Singhania back in 1935, and over a period of time, a ground-plus-one storey building was constructed on the plot. It was called ‘Kamala Cottage’
