Nirmal Bang Securities’ Promoter Buys Two Luxe Apartments in Mumbai’s Mahalaxmi for ₹45.69 Crore

Kishore Mishrilal Bang, the promoter of Nirmal Bang Securities, along with his family member Suman Kishore Bang, has bought two luxury apartments in South Mumbai’s Mahalaxmi area for a total of ₹45.69 crore. The apartments are located on the 30th floor of Tower 1 in the Raheja Modern Vivarea project at Jacob Circle.

The first apartment has a carpet area of 2,891 square feet and was purchased for ₹25.95 crore. The second, slightly smaller at 2,364 square feet, was bought for ₹19.74 crore. Together, these apartments span a total of 5,255 square feet, highlighting the demand for luxury real estate among business elites in Mumbai.

This deal was made with K Raheja Corp Real Estate, the developer of the under-construction Raheja Modern Vivarea project, which is spread over 3 acres with 1 million square feet of development. The project is expected to be completed by 2028. The site was previously home to a private textile mill, which is now being developed by Modern India in partnership with K Raheja Corp.

Emails sent to Nirmal Bang Securities and K Raheja Corp for comment remained unanswered at the time of publication.