India, April 22 -- Chairperson of Godrej Properties Pirojsha Adi Godrej and his cousin Freyan Crishna Bieri have purchased four apartments in one of his own company's projects, Godrej Carmichael, at a record price of Rs.1.78 lakh per square foot (PSF). Godrej purchased his flats through Ceres Developers, of which he is a director along with Clement George Pinto, Godrej Industries' chief financial officer.

The project is situated off Peddar Road, behind Jindal Mansion. In this part of Mumbai, the last recorded property transaction was by JSW at Morena House at Rs.1.63 lakh PSF. The transaction of Rs.1.78 lakh PSF is thus a record price in this Mumbai micro market also known as Billionaires' Row. In Mumbai, the most expensive purchase rema...