Everything About Jatia House: The Most Expensive Bungalow In India

If we talk about a billionaire’s wealth, their luxurious lifestyle and the house they live in is enough to showcase their immense wealth. The same goes for Kumar Mangalam Birla’s house which can be considered one of the most lavish houses popular by the name Jatia House. Jatia house in Malabar Hill is an exclusive bungalow in Mumbai.

Kumar Mangalam Birla is one of the biggest business tycoons in India. He is also a Chartered Accountant, philanthropist, and chairman of the Aditya Birla Group. Kumar Mangalam Birla is also the Chairman of the Indian Institute of Management Ahmedabad and the chancellor of the Birla Institute of Technology & Science.

Here is everything you need to know about Jatia house, one of the most expensive house in mumbai:

When the chairman of the Aditya Birla Group bought the iconic bungalow, he made headlines. It is located on Little Gibbs Road in Malabar hill.

Jatia House history

• The vintage property was built in the 1950s.
• The former owner of this property was MP Jatia who comes from the family of Pudumjee Paper Mills. In 1987, this classic bungalow was completely renovated. It was colored in a classy color of brown and beige.

• Until the time Kumar Mangalam Birla finally purchased the Jatia house, the sons of MP Jatia, Arun M., and Shyam M. Jatia owned the Jatia House. Famous luxurious parties are hosted in this lavish bungalow. The bungalow was estimated to be worth close to Rs 1.5 lakh per square foot.
• The vintage property located at 38 Gibbs Road was acquired by MP Jatia with Meher Cawasji Vakeel in 1971. Jatia house area is approximately 30,000 square feet.
• Living and chilling at an uberly affluent location in Mumbai is a dream of many. It is one of the costliest bungalows in the country and covers three floors in total.

The price of the costliest mansion

• It is now the priciest mansion in the nation, costing an astounding Rs. 425 crore, the business tycoon Kumar Mangalam Birla banked away a whopping amount to purchase the magnificent bungalow at an auction that went on for the entire day, according to NDTV.

• The Jatia house price can be justified as it is situated in the hub of south Mumbai. According to reports, Kumar Birla beat five of his fellow bidders to get a hold of this vintage property finally. The vintage property bidders include prominent personalities Mr. Ajay Piramal, owner of the Piramal Realty.
• Jatia house property is sought after by many in the country. A payment of 10% of the amount was made by Mr. Birla in the name of the initial token amount to become the owner of this property.

• Before Jatia House the 2011 purchase of Maheshwari House for Rs. 400 crores stood as the national record. Homi Bhabha’s residence, Mehrangir was sold in 2014 for Rs. 372 crores.

Take a look at some interesting facts about Jatia House Mumbai

• This bungalow offers mesmerizing views of the sea which makes it a tranquil place.
• The property has approximately 20 bedrooms and several ballrooms which makes this bungalow one of its kind.
• The ceilings of the house are made of Burma Teakwood totally.

• The interiors of the Jatia house have huge corridors, vast and cozy bedrooms as well as auditoriums furnished with the finest marble.
• This classic house also has a lovely pond and a central courtyard with a lavish garden situated in the area.
• As it is situated at Malabar Hill, a posh location in Mumbai, the property rates are approximately Rs 1.7 lakhs per square feet.

• The area covers a number of open spaces as well as huge parking spaces.
• It is built on a plot that goes roughly 31,495 square feet or 2,926 square meters in size.

Kumar Mangalam Birla’s other properties include a bungalow at Carmichael Road, one of the poshest locations in India. Apart from Jatia House Mr. Birla also owns a two-storeyed apartment in II Palazzo, Malabar Hill where he grew up.