Little Gibbs Road at Malabar Hill is a charming, upmarket residential enclave where the creme de la creme live, virtually cut off from the hustle and bustle of a congested metropolis. On Tuesday, one of its most prominent landmark buildings, Il Palazzo, created a national record after an apartment here was sold at an astonishing rate of Rs 1.2 lakh a square foot -- each floor tile more expensive than a Nano car.
The successful bidder was none other than veteran Bollywood star and BJP MP Vinod Khanna and his wife Kavita, who paid Rs 30 crore for the 2,500 sq.ft. (carpet area) flat located on the 13th floor of the `B' wing. The Khannas already own an apartment in the `C' wing of the 21-storeyed Il Palazzo.
The last big sale happened about six months ago when a flat measuring 3,475 sq.ft. (super built up) in the NCPA Apartments at Nariman Point was bought by a Londonbased NRI at the rate of Rs 97,842 a sq ft.
The Il Palazzo flat, 13B, is a sea-facing flat with a large living room, spacious bedrooms and a separate servants' quarter. It was put up on the block by its owner, Citibank, about two weeks ago.
