The Kumar Mangalam Birla house is a manifestation of his aura and personality as one of India&rsquo;s biggest and most famous businessmen. Kumar Mangalam Birla has steered and grown the Aditya Birla Group into one of the country&rsquo;s biggest business conglomerates today and is known for his simple lifestyle and humble demeanour. His latest property that has hit the headlines is the sprawling Jatia House in Mumbai&rsquo;s ultra-exclusive Malabar Hill locality. Reports state that he acquired this property for a whopping Rs. 425 crore, making it one of the biggest real estate transactions in the Indian market at the time.&nbsp;

A Marvellous Mansion in Malabar Hill- Key Details of a Billionaire Home&nbsp;

<h2>Here are some interesting details of this Kumar Mangalam Birla house in one of Mumbai&rsquo;s toniest areas, namely Malabar Hill.&nbsp;</h2>

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	The property is estimated to be worth approximately Rs. 1.5 lakh per square foot which is a huge amount in the city&rsquo;s real estate circles.&nbsp;
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	It was previously under the ownership of the sons of leading industrialist MP Jatia, namely Shyam M Jatia and Arun M Jatia.&nbsp;
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	The premier bungalow occupies a sizeable 2,926 square metres on 38 Gibbs Road, with its built-up area estimated at a massive 28,000 square feet.&nbsp;
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	MP Jatia purchased the property from Meher Cawasji Vakeel in 1971 and it was purchased by Kumar Mangalam Birla after an exciting auction. He surpassed the bids of five other bidders for the property, including leading industrialist Ajay Piramal. He paid 10% of the value as the token amount.&nbsp;
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	The Jatia family is the one behind the famous Pudumjee Paper Mills. The company founder, MP Jatia, shifted to Mumbai from Burma earlier in 1964 due to political unrest.&nbsp;
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	MP Jatia wanted to replicate the same feeling of living in his bungalow in Burma, and this led to the purchase of this property.&nbsp;
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	The bungalow underwent renovation sometime around 1987 and sports a charming beige and brown exterior.&nbsp;
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	It offers unobstructed views of the Arabian Sea while containing around 20 bedrooms and several ballrooms. The property is done up with wall cladding and sports high ceilings, which are crafted from the finest Burma teakwood.&nbsp;
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	The bungalow is also the venue for the famous parties given by the Jatia family earlier, where they would host close to 500-700 people at a time.&nbsp;
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	Jatia House also comes with sprawling corridors, airy and spacious bedrooms and other spaces which are fully done up in marble.&nbsp;
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	It has a sprawling garden with a central courtyard and pond.&nbsp;
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<h2>Kumar Mangalam Birla&rsquo;s properties and other details&nbsp;</h2>

This is not the only Kumar Mangalam Birla house in Mumbai. Reports indicate that the family intend to personally use this property, although they stay at the iconic Mangalyan bungalow on the uber-exclusive Altamount Road in Mumbai. The iconic business personality has also retained another two-storied apartment in the II Palazzo building in Malabar Hill, where he grew up and spent his formative years. Some other updates reveal that a group company of the Aditya Birla Group, namely B G H Properties, has purchased yet another bungalow named Sunny Ville on the posh Carmichael Road in South Mumbai. This bungalow sprawls over half an acre and was purchased for approximately Rs. 220 crores.&nbsp;

It is a ground-plus-two-storied mansion that is located in close proximity to Jatia House. The total area for construction is estimated to be around 19,000 square feet in addition to several covered garages. The plot and bungalow were bought from the surviving will executors of the Estate of Ernie Kharshedji Dubash. Stamp duty of Rs. 13.20 crore was paid for registering the transaction as per reports. It remains to be seen how Kumar Mangalam Birla and his family use these newly-acquired bungalows in addition to their primary residence in Mumbai.&nbsp;&nbsp;

<h3>Signing Off&nbsp;</h3>

The majestic bungalow in Malabar Hill is an iconic property and a statement acquisition for the billionaire businessman. From its huge garden and tranquil pond to its unhindered sea views, it is a sheer paradise amidst the hustle and bustle of Mumbai and that too in one of the city&rsquo;s most exclusive neighbourhoods. It can be called a fitting abode for one of India&rsquo;s most towering personalities.

In the real estate dynamic, picking between a 2 BHK and a 3 BHK home is similar to organising an ensemble of ventures. Every choice presents its own unique advantages and disadvantages thereby making the choice between them a confusing task. To make your task easier, we have curated this detailed blog to help you choose between 2 BHK to 3 BHK as per your requirements. So, without further ado, let&rsquo;s dive straight into the blog.

Vastu is an ancient Indian system of architecture and design that aims to create harmony between humans and nature by balancing the five elements - earth, water, fire, air and space.

 
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Kicking off 2024 on a high, Mumbai&rsquo;s real estate market is set to experience a reported 5% increase in its residential sector. Nevertheless, Premium properties continue to be a huge draw among homebuyers, courtesy of an increased standard of living among Mumbaikars. Flats in the commercial capital come in all shapes and sizes, from studios to affluent penthouses.

Kumar Mangalam Birla has steered and grown the Aditya Birla Group into one of the country’s biggest business conglomerates today and is known for his simple lifestyle and humble demeanour.