Wed, Sep 09, 2015, 12:27 PM
Industrialist, Kumara Mangalam Birla has purchased the two-storeyed Jatia House in high-end Malabar Hills area in Mumbai in an auction for Rs. 425 crore. There was tight competition from high profile businessmen and Bollywood stars, willing to spend hundreds of crores to own this place. Birla is said have set a record of buying the costliest house. He has bought the house for personal purposes, it appears.