Lincoln House: The Rs 750 cr house in South Mumbaihttps://indianexpress.com/photo-news/india/mumbais-lincoln-house-the-costliest-residence-in-india/

Lincoln House: The Rs 750 cr house in South Mumbai

The iconic Lincoln House in Mumbai was sold to the Pune-based industrialist Cyrus Poonawalla for Rs 750 crore.

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news A view of the seaside mansion which was used as the US consulate from 1957, and later renamed Lincoln House, is seen in Mumbai. Vaccine billionaire, Cyrus Poonawalla has bought the former maharaja's mansion in Mumbai from the US government for around 7.5 billion rupees ($113 million), making it the most expensive ever residential purchase in the country. (Source: Reuters)

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news The sale of the Lincoln House in the Breach Candy area of south Mumbai, to the billionaire chairman of the Pune-based Serum Institute, makes it the largest ever real estate deal in the country’s financial capital. (Source: Express photo by Pradip Das)

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news The high-profile deal comes within a week of leading industrialist Kumar Mangalam Birla setting a record last week when he paid Rs 425 crore for Jatia House in the plush Malabar Hill area. The Lincoln House was formerly known as the Wankaner House, a palace belonging to the Wankaner Maharaja, Pratapsinhji Jhala Wankaner. (Source: Express photo by Pradip Das)

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news The 2-acre Grade-III property at Breach Candy has a built-up area of around 50,000 sq ft. Though Grade-III heritage properties are open for redevelopment now, sources said Poonawalla wants to use the Lincoln House as a family residence. (Source: Express photo by Pradip Das)

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news The property, which has been on the block since 2011, was sold at a lower price than what the Americans were demanding — a whopping Rs 850 crore. In 2011, the Consulate was shifted to a sprawling new building in the BKC area. (Source: Express photo by Pradip Das)

Lincoln House, Lincoln House price, Lincoln House sale, Cyrus Poonawalla, American consulate Lincoln House, US consulate Mumbai, india's costliest property, mumbai news, business news, india news Last year, the iconic Mehrangir, the house of the father of the nation’s atomic programme, Homi Bhabha, in the Malabar Hill area, was sold to the Godrej family for Rs 372 crore.