Bombay, February 20, 2022: Quantum Lake villas in Mumbai, one the most wanted luxury apartments of the world have sold for a whopping Rs 13.8 crore in the latest deal, according to an industry insider.
The properties, which were listed on the Bombay Stock Exchange on February 17, are owned by a group of wealthy people who are also developers.
They include former Prime Minister Manmohan Singh, a well-known investor, and his son, the billionaire Gautam Adani.
They are the first two Quantum Lake Villas, situated in the south of the city, to be sold for the first time, and they are also among the first properties in the country to be bought for Rs 10 crore or less.
The deal for the villas was announced by Adani’s daughter, Gautami Adani, and her husband.
The couple are the owners of the two luxury properties, called the Villa deli and the Villa Villa.
The deal was made possible by the Narendra Modi government’s $6 billion investment in the development of quantum technology.
The price of the property is based on the average price of real estate in the city.
In the past few years, there have been several deals made in the capital for the quantum technology projects.
Quantum technologies are the next-generation of atomic, biological and nuclear technologies.
The technology will revolutionise our lives, according Prime Minister Narendra Modi.
The quantum technology is expected to create jobs and boost the economy.
The government has been investing in the project, setting up a quantum research centre, which is being run by the Indian Institute of Technology Bombay (IIT-B), with the objective of accelerating the pace of development of the technology.