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In one of the most notable property transactions in recent times, the prominent Barwale family, associated with the renowned biotechnology and seeds company Maharashtra Hybrid Seeds Co (Mahyco), has acquired a lavish sea-view apartment for a staggering sum of over Rs 122 crore in the upscale Malabar Hill area of south Mumbai. The apartment, located on the 2nd floor of the opulent residential tower Lodha Malabar on Walkeshwar Road, spans an impressive total area of nearly 9,546 sq ft, including an exclusive balcony and terrace. This high-profile transaction has earned the apartment the distinction of being valued at Rs 1.28 lakh per sq ft, placing it among the most expensive residential properties sold in India based on a per sq ft basis. The comprehensive deal was officially concluded and registered on June 30, with the buyers, Rajendra Barwale, his wife, and son, paying a substantial stamp duty amount of Rs 7.33 crore for its registration. Additionally, as part of the agreement, the Barwale family will be entitled to exclusive access to six car parking slots within the residential tower. Mahyco, recognized for its pioneering work in the development of high-yielding and affordable seeds, gained prominence for introducing BT Cotton in India in 2002. This breakthrough was achieved through a joint venture between Mahyco's founder, Badrinarayan Barwale, and Monsanto Investments, resulting in the establishment of Mahyco Monsanto Biotech, now a part of the Bayer Group. It is noteworthy that the under-construction Lodha Malabar project has recently witnessed another notable apartment deal, with industrialist JP Taparia's family acquiring a triplex spanning the 26th to 28th floors of the tower for a staggering amount of Rs 369 crore. Such transactions further solidify the reputation of this luxury tower, which is scheduled for completion by June 2026 and occupies a prime location opposite the governor's estate, boasting scenic views of both the Arabian Sea and the Hanging Gardens. Malabar Hill and Walkeshwar Road have long been regarded as highly sought-after addresses in India, known for their proximity to business hubs and their association with traditional luxury. The micro market attracts an elite clientele, including industrialists, corporate leaders, affluent individuals, and C-suite professionals.
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