India, April 24 -- A rare sea-facing, heritage 6BHK Art Deco bungalow named Leela in Mumbai's Juhu, owned by the Nanavati family, has been sold to Notandas Realty, an arm of the Mahesh Notandass Jewellers Group, for Rs.221 crore, according to property registration documents reviewed by Hindustan Times Real Estate.

Listed as a Grade IIB heritage property, the bungalow is located on Juhu Tara Road near the iconic Juhu Beach. Built in the 1950s, the property, owned by the Nanavati family, promoters of Nanavati Hospital in Vile Parle, was sold through a bidding process, sources said.

According to sources, this transaction is one of the costliest in the Mumbai real estate market. However, no benchmark data is available for this, given the pr...