Industrialist buys heritage SoBo bungalow for 180cr

Mumbai: Glamis Villa, a bungalow on Bhulabhai Desai Road off Breach Candy in south Mumbai, was sold for Rs 180 crore on Thursday to an industrialist family. 
    The owner of the over 1,000-sq-m land, the Fazalbhoy family, put it up for sale barely two months ago. It was acquired by M P Aggarwal, chairman of Sajjan India Ltd, on Thursday through a local property broker, it is learned. The Rs 180 crore sum includes a Rs 30 crore payment to a tenant to vacate the premises. 
    The land, part of the larger Westfield Estate, belonged to Hari Singh, the Maharaja of Jammu and Kashmir, till the late 1930s. On it stands today a ground-plus-two-storey bungalow with a carpet area of around 11,000 sq ft and three garages. Sources said the new owner, who currently lives on Carmichael Road, does not plan to redevelop his new acquisition and will probably stay in it. 
BIG DEALS Glamis Villa stands on 1,000 sqm land with 11K sq ft carpet area 

•Industrialist Sajjan Jindal bought a Nepean Sea Road bungalow for 400cr 

•Kapadia Bungalow at Nepean Sea Road sold to Runwal Group for 350cr 

•Villa Nirmala at Carmichael Road bought for 300cr by Ashok Piramal Group and developer Khemchang Kothari