India, March 20 -- The Mumbai-based Kapadia family has sold Laxmi Niwas, a bungalow on the upscale Nepean Sea Road with a glorious past connected to India's independence movement, for Rs.276 crore to Vageshvari Properties Private Limited, according to proptech website Zapkey.

According to business intelligence platform Tofler, the Mumbai-based firm has three directors-Elina Nikhil Meswani, Rupin Vasant Patel and Ganesh Sakharam Kadam-who are all linked to the Mukesh Ambani-promoted Reliance Industries Limited (RIL). Meswani is RIL executive director Nikhil Meswani's spouse, while Patel and Kadam are directors at RIL subsidiary Reliance Fresh, among other companies. An email sent to Elina Meswani did not receive a response till the time o...