SOBO still has its Cachet

Economic Times reports that records don't stand long in Mumbai's real-estate market. The latest to set a new mark is a sea-facing triplex penthouse in South Mumbai's Napean Sea Road locality with a Rs 202-crore deal, the biggest ever for a residential apartment in the country.

A prominent industrialist is buying the luxury pad with 17,000 sq ft of carpet area spread over the 20th, 21st and 22nd floors of a project, The Residence, being built by the Runwal Group. The penthouse offers views of the Arabian Sea and the Queen's Necklace and has 21 car-parking slots as part of the transaction.

"This is as good as a private bungalow in the most sought after locality of tony Napean Sea Road, which does not have too many of them available now and has made way for vertical developments. So for a family looking for that kind of lifestyle, options are limited," said one of the people. 

SOBO still remains a sought after location.

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