The Jatias are well-known fast food tycoons in India. The are the master franchise of McDonalds. In 1995 Mr. Amit Jatia had started a 50:50 partnership McDonalds and since then he has owned the McDonalds franchise in west and south India.
The residential property in Mumbai bought by the Jatia family, is said to be almost a hundred years old. The structure is positioned in the tiny Darabsha lane at the Nepean Sea Road. According to the insiders the real estate Mumbai deal was finalized last week. It is being estimated that the family has bought the real estate Mumbai property so that they can reside in it after the redevelopment work is completed.
Currently the Jatia family lives at Breach Candy, and it is being said that the family has been look to buy a larger Mumbai property. The century-old structure Razak Haven has housed numerous owners and a few tenants. This is not the first time that a family has bought an expensive Mumbai property not as as an investment, but for the purpose of residing in it. Earlier too several promient industrialist had bought bungalows so that se could redevelop it into a comfortable abode. Mr. M P Aggarwal who is the chairman of Sajjan India had bought Glamis Villa last year. The bungalow at Breach Candy was bought for Rs 180 crore so that Aggrawal could refurbish it in a comfortable home.
Makaan.com is India's fastest growing real estate India site where one can search for real estate in Delhi NCR. On the property site one can search and sort apartments, floors, plots, bungalows, shops, and other commercial spaces for buying and renting purposes.
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