It is estimated that the property, nearly 2,702 sqmt, was sold at over Rs 120,000 per sq ft.
Mumbai is witnessing some big-ticket investments in bungalows by the city's billionaires.
The sale of the Lincoln House in the Breach Candy area of south Mumbai, which used to house the US consulate, to the billionaire chairman of the Pune-based Serum Institute, makes it the largest real estate deal in the country's financial capital.
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