Kolkata’s Most Expensive Residential Deal
In perhaps the most expensive residential real estate transaction in Kolkata a stockbroker has purchased a 31,000-sq ft bungalow located in Judges Court Road for around Rs 100 crore. The bungalow, which has been bought by Prakash Baid, a local stockbroker, was owned by Sumit Mazumder, chairman of
Published -
Aug 3, 2020 5:30 AM
In perhaps the most expensive residential real estate transaction in Kolkata a stockbroker has purchased a 31,000-sq ft bungalow located in Judges Court Road for around Rs 100 crore. The bungalow, which has been bought by Prakash Baid, a local stockbroker, was owned by Sumit Mazumder, chairman of Tractors India Limited. The deal was brokered by Sotheby’s International Realty. The three-floor bungalow is spread across an area of 3734 square yards, has five bedrooms, hall, and a kitchen. It has three car parks and parking for 14 guests. It also has an art gallery, 12 staff quarters, 8 bathrooms, one lawn and a 20-ft cascading waterfall in the garden. The transaction was completed representing both buyer and the seller of the marquee bungalow in Judges Court, Kolkata, within six months of its listing on the Sotheby's International Realty platform. It is an indication that more and more UHNI families are looking to invest into marquee residential properties in Kolkata. The property was built in 2007. The bungalow was designed and built by architectural firm Ghosh Bose & Associates.
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