India, May 6 -- Billionaire banker Uday Kotak and his family have bought almost all the flats in a building in Mumbai's Worli for over Rs.426 crore. Following a purchase of 12 flats earlier this year for Rs.201.89 crore, they recently bought 10 flats for Rs.224.32 crore. One of the transactions was recorded at a maximum price of Rs.2,74,784 per sqft, setting a new record that surpassed their own Rs.2,71,796 per sqft purchase in January. The Shiv Sagar building has 24 apartments, which means only two apartments are yet to be formally sold to the Kotaks. htc
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