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Stockbroking Tycoon Acquires Mumbai Tower in Rs 700 Crore Record Housing Deal

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A stockbroking tycoon has purchased an entire tower in Mumbai for over Rs 700 crore, marking a record transaction in India's residential property market. The deal highlights the rapid expansion of the country's luxury housing segment. Rising personal wealth and the stock market listings of companies from smaller cities have been broadening India's affluent class. This growing pool of high-net-worth individuals is fuelling unprecedented demand for premium real estate in major urban centres.

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