India, March 19 -- Mumbai's iconic Laxmi Nivas bungalow located on the elite Nepean Sea Road, which served as a secret hideout for freedom fighters during the Quit India Movement in the 1940s, has been sold for Rs.276 crore, documents accessed by Zapkey showed.

What was once a hub of the freedom movement is now one of the most expensive real estate deals in the Mumbai market, as per Zapkey.

According to the documents, the Kapadia family that owned the legacy 19,891 sq ft bungalow has sold the property to Vageshwari Properties Private Limited, one of whose directors is Elina Nikhil Meswani, wife of Nikhil R Meswani, executive director on the board of Reliance Industries Limited.

The total built-up area of the property is approximately 1...