Indian billionnaire Cyrus Poonawalla paid a whopping Rs 750 crore ($113 million) for Lincoln House, a Breach Candy property which was put up for sale by the United States Consulate. However, that is Rs 100 crore ($15 million) less than its reserve listing price in 2011, an indicator that big-ticket properties might also be affected by the general sluggishness in Mumbai’s property prices.
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