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MUMBAI: A cryptic announcement by Pune-based industrialist Yohan Poonawalla and his spouse Michelle a few property acquisition in south Mumbai has set tongues wagging within the metropolis’s actual property market. A spokesperson representing the couple mentioned they bought a mansion in probably the most coveted and unique space of Cuffe Parade in south Mumbai. The standalone property, spanning roughly 30,000 sq. toes, joins a prestigious assortment of mansions within the space which are sometimes priced between Rs 400 crore and Rs 750 crore.
Regardless of persistent queries from TOI, the spokesperson refused to disclose the identify of the mansion the Poonawallas purchased.Nevertheless, sources within the property market speculated that it may very well be the early twentieth century heritage property Taraporewala Mansion the place the author Mulk Raj Anand as soon as lived. Sources mentioned the ground-plus-three-storey property was on sale for a number of years however added its worth may very well be within the vary of Rs 100 crore to Rs 150 crore solely.
“MYP Design Studio, beneath Michelle Poonawalla’s inventive helm, will orchestrate the transformation of this architectural gem into the opulent Poonawalla Mansion, the couple’s secondary residence, their major residence being Poonawalla Home in Pune. This challenge marks a brand new chapter within the couple’s illustrious journey, promising a harmonious mix of historic grandeur and up to date luxurious,” mentioned a press launch.
The couple plans to showcase Michelle’s artwork assortment from famend artists in addition to her personal artwork and oil. It would additionally home Yohan Poonawalla’s car assortment. In 2015, Yohan’s cousin, Adar Poonawalla, efficiently bid for the sprawling US consulate property at Breach Sweet for Rs 750 crore.
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