Kumar Mangalam Birla is one of India’s biggest and richest business tycoons and the man at the helm of the Aditya Birla Group. He made headlines sometime earlier, when he indulged in one of the costliest real estate deals, not just in Mumbai but in the entire country. Birla snapped up the iconic Jatia House bungalow, spread over 30,000 sq ft and covering three floors, in the uber-exclusive and prime Little Gibbs Road in Malabar Hill. This famous bungalow was listed for sale earlier and the previous owner was Y Jatia who purchased it in the 1970s from MC Vakeel.
Kumar Mangalam Birla paid a staggering Rs 425 crores for purchasing this bungalow in the heart of south Mumbai, after an auction that lasted for a whole day. He beat five other bidders for this exclusive property including Ajay Piramal of Piramal Realty. He also paid 10% of the money as the initial token amount for his purchase. Jatia House is one of the most coveted residential addresses in south Mumbai. The Jatias purchased the home back in 1972 from Meher Cawasji Vakeel. Kumar Mangalam Birla also owns another sprawling bungalow covering half an acre in the posh locality of Carmichael Road. He has also retained the two-storeyed apartment where he grew up in II Palazzo, the famous building in Malabar Hill. The Jatias were the family behind Pudumjee Paper Mills and MP Jatia, the founder of the company, shifted from Burma to Mumbai in 1964 owing to political unrest.
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Jatia House in south Mumbai: Key details
MP Jatia had lived in his own bungalow in Burma and wanted to replicate the same experience in Mumbai, as well. The Jatia House was occupied by MP Jatia’s sons Shyam and Arun, along with their families, until Kumar Mangalam Birla’s purchase. The bungalow was completely renovated sometime in 1987. The Jatia House has a simple brown and beige colour scheme. The huge space makes it something of a trophy acquisition for Kumar Mangalam Birla.
The bungalow offers unhindered sea views, something which is greatly prized in Mumbai. There are close to 20 bedrooms within the bungalow, along with multiple ballrooms. There is generous wall cladding in tandem with ceilings that are created entirely from Burma teakwood.
The Jatias reportedly entertained a whopping 500-700 people at their famous parties here in this bungalow, in the past. The interiors are characterised by massive corridors, large and airy bedrooms and auditoriums, which are all decked in the finest marble. The bungalow has a lavish garden, complete with a beautiful pond and central courtyard. Property rates in Malabar Hill stand at roughly Rs 1.7 lakhs per sq ft, although bungalow valuations will cover the multiple open spaces and the huge parking areas, as well. Jatia House stands on a plot that is roughly 31,495 sq ft or 2,926 sq metres in size.
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Interesting facts about Kumar Mangalam Birla’s Malabar Hill bungalow
- The bungalow has a built-up area of 25,000 sq ft.
- The exterior offers an unhindered sea view.
- There are winding corridors leading to the gardens, which meet the shimmering ocean.
- The open courtyard within the structure does not have a ceiling and offers ample natural light and sky views.
- There is a pond and a lush garden.
- The purchase of Jatia House by Kumar Mangalam Birla was then the highest in Mumbai real estate, surpassing Sajjan Jindal’s purchase of Maheshwari House for Rs 400 crores in 2012 and Adi Godrej’s bid for Mehrangir which stood at Rs 372 crores.
Kumar Mangalam Birla has reportedly purchased Jatia House for his personal usage, although the family currently stays at Altamount Road’s Mangalyan bungalow.
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It remains to be seen how the Birla family ultimately makes this space their own. This is certainly one of the most iconic acquisitions ever made by Kumar Mangalam Birla and one that will stand out in the annals of Mumbai’s real estate market.
Where is Kumar Mangalam Birla’s house located?
Kumar Mangalam Birla’s house is located on Little Gibbs Road in Malabar Hill, Mumbai.
What is the name of Kumar Mangalam Birla’s house?
The property is called Jatia House and it formerly belonged to MP Jatia and his family.
How much did Kumar Mangalam Birla pay for Jatia House?
Kumar Mangalam Birla paid Rs 425 crores for the iconic bungalow in south Mumbai.
(Header image: Instagram. Other images sourced from Kumar Mangalam Birla’s family’s Instagram accounts)