Dilip Lakhi buys Cadbury House for whopping Rs.350cr

Cadbury House which was on close for almost six months has finally gone to the diamond merchant Dilip Lakhi. Dilipkumar Lakhi, a prominent diamond merchant has beaten some of the city's top developers to emerge the highest bidder for the iconic Cadbury House, the India headquarters of Mondelez, in South Mumbai. Besides office space, the premises include the eight-storey Bournville Apartments that houses top officials of the company.

Lakhi has quoted about Rs 350 crore for the entire 1.1 acre land and the saleable areas are around 62,000 square foot. Hence, the deal is valued at Rs 57,000 per square foot. The rate is estimated to be around Rs 39,000 per sq ft, given the plot has a floor space index of 1.33. Floor space index is the permissible construction allowed on the plot. The property has a built-up area of 50,000 sq ft. The Cadbury officials are granted an extended lease of eight to nine months to move out.