Mumbai: Historic Bhabha Bungalow On Malabar Hill Sold For Rs 372 Cr

Majhe Ghar

Mumbai: Historic Bhabha Bungalow On Malabar Hill Sold For Rs 372 Cr

Mehergir is a synonymous name associated with the famous scientist Homi Bhabha. It was the residence of him and Jamshed Bhabha, the industrial-philanthropist. It went under the hammer in 2014. The historic Bhabha bungalow is believed to have been purchased by the Jamshyd Godrej family for Rs 372 crore.

The Row

There was quite a hue and cry regarding the historic bungalow’s sale. But the good news is the new owners are not willing to damage the property. The iconic bungalow has an area of 17,550 square ft property. It is a sea-facing heritage property that faces the sea.

When the news of the sale became public, two employees filed the PIL i.e. TIFR and BARC. Homi Bhabha was the founder of both the Tata Institute Of Fundamental Research (TIFR) and Bhabha Atomic Research Centre (BARC). However, a refusal was declared by Mumbai High Court in order to place a stay at the auction.

The New Owners

As a result, the historic Bhabha bungalow was sold to the new owners. The real estate builders in Mumbai placed the iconic property under the block with the help of the current owner. The National Centre for the Performing Arts (NCPA) has reported there were eight prospective buyers. All of them were interested. However, due to the PIL and media controversies, only three buyers participated.

The mandate to sell the property lay with Jones Lang Lasalle, the global property consultant. The western region head of the firm, Ujwala Rao, stated the bungalow had been purchased for residential use. As a result, it will be in good condition. Also, no builders in Mumbai bid for the property. The reason is a height restriction in the area. It is hence believed the new owner has bought it for end-use.

Majhe Ghar

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