 "Mumbai flats")
In one of the most high profile property deals, Rajesh Mandawewala, managing director of textile firm Welspun India, has bought three apartments in the upcoming ultra-luxury residential project 25 South (pictured) in Prabhadevi area of Mumbai, for about Rs 1.5 billion.
Mandawewala paid more than Rs 83,000 per sq ft in the sea-facing project of The Wadhwa Group and Hubtown, two of Mumbai developers. The project is to be delivered in 2023. He bought flats in the top-three floors — 45, 46, and 47.
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