Rs 400 crore building purchase: Uday Kotak sets new real estate record

Uday Kotak, the billionaire banker, has acquired an entire residential building on Mumbai's Worli Sea Face for over Rs 400 crore, setting a new national record for residential property prices. The acquisition of '19 Shiv Sagar' was completed with eight additional apartment deals, pushing the per sq ft rate to a record Rs 2.75 lakh.

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