Radhakishan Damani, the billionaire businessman and founder of DMart, is said to have purchased a Rs 1,001-crore home in Malabar Hill, a posh residential neighbourhood in South Mumbai. According to sources, Damani bought the lavish home with his brother Gopikishan Damani.
The property, Madhukunj, is a two-storey bungalow measuring 61,916.3 square feet. It's on Narayan Dabholkar Road in the Malabar Hill neighbourhood of South Mumbai. Saurabh Mehta, Varsha Mehta, and Jayesh Shah sold the property to Damani for Rs 1000 crore. Damani paid Rs 30 crore in stamp duty, according to a document filed with the Maharashtra government's Department of Registration and Stamps.
According to the Hurun India Rich List 2021, Radhakishan Damani was the eighth richest Indian, with a net worth of $14.5 billion.