Mumbai Thoughts >> I love the Neo Gothic structures of Mumbai : Faiyar S.    |    I love that Mumbai is being the financial capital of India : Sanjay B.    |    I love the holy songs singing in the train in Mumbai : Abhijit    |    I love the old British colonial architecture of Mumbai : Krupa T.    |    I love that Mumbai is a safe place for women : Madhu G.    |    I hate the uncleanliness of Mumbai ☹ : Devanshu    |    I hate the lack of nature in Mumbai ☹ : Brinda M.    |    I love the helpfull population of Mumbai : Riddhi S.    |    I love the inclusive nature of Mumbaikars : Sunishi G.    |    I love the liveliness of Mumbai : Sanjay B.    |    I love that Mumbai is a land of opportunities : Madhu G.    |    I love that it never gets too cold in Mumbai : Kshipra L.    |    I love the speed of Mumbai : Pratik C.    |    I love the diversity of Mumbai : Manish M.    |    I love the social life of Mumbai : Lester M.    |    I hate the poor drainage system of Mumbai ☹ : Irsad S.    |    I love Mumbai coastline : Hitesh K.    |    I hate the unclean nature of Mumbai ☹ : Sarit P.    |    I hate that Mumbai is pedestrian unfriendly ☹ : Milesh S.    |    I love that Mumbai knowshow to welcome festival : Aarti G.    |    I love the vibrant life of Mumbai : Afrid W.    |    I love Marine Drive in Mumbai : Krupa T.    |    I love the night life of Mumbai : Satish    |    I love the honestly of daba walas in Mumbai : Kiran M.    |    I love the colonial areas of Mumbai : Milesh S.    |    I love the traditions of Mumbai : Dhaval C.    |    I hate the lack of gardens in Mumbai ☹ : Madhu G.    |    I hate the lack of open spaces in Mumbai ☹ : Anthony D.    |    I hate the roads potholes of Mumbai ☹ : Arjun M.    |    I love the fast life of Mumbai : Manpreet    |    I love the cosmopolitan culture of Mumbai : Sarit P.    |    I hate to see homeless people in Mumbai ☹ : Lester M.    |    I love that Mumbai is home to so many people and cultures : Arjun M.    |    I hate the noise pollution of Mumbai ☹ : Radhika P.    |    I hate the stressfull life of Mumbai ☹ : Srinibas P.    |    I hate that people are not following traffic rules in Mumbai ☹ : Komal S.    |    I hate the inadequate public transport infrastructures of Mumbai ☹ : Saurabh K.    |    I hate the poorly maintained heritage buildings of Mumbai ☹ : Krupa T.    |    I hate the lack of recreational areas in Mumbai ☹ : Tehsin L.    |    I love the sea in Mumbai : Pradeep M.    |    I hate the price of real-estate in Mumbai ☹ : Cherylann M.    |    I hate the crowded trains of Mumbai ☹ : Raza A.    |    I hate the long time of commuting in Mumbai ☹ : Radhika P.    |    I love sunset at beach in Mumbai : Jayant V.    |    I love that Mumbai is a city of dreams : Yogita S.    |    I hate the dirt of Mumbai ☹ : Madhu G.    |    I love that Mumbai always stand united : Aarti G.    |    I hate the sense of filth in Mumbai ☹ : Sunishi G.    |    I love the nightlife of Mumbai : Aditi R.    |    I love that there is so many things to for entertainment in Mumbai : Saurabh K.    |    I love the safety of Mumbai : Radhika P.    |    I hate the dirty beaches of Mumbai ☹ : Priyesh Y.    |    I hate the extremely high cost of living of Mumbai ☹ : Piyush R.    |    I love the great restaurants of Mumbai : Radhika P.    |    I love that people from different cultures live and work together in Mumbai : Saurabh K.    |    I hate the dirt of Mumbai ☹ : Aditi R.    |    I love the street food of Mumbai : Jessica N.    |    I hate the transportation system of Mumbai ☹ : Aarti G.    |    I love the culture opportunities of Mumbai : Dupa P.    |    I love the festival in Mumbai : Abhijit    |    I hate the noise in Mumbai ☹ : Pradeep M.    |    I love the cultural diversity of Mumbai : Cherylann M.    |    I hate dirty politics of Mumbai ☹ : Imran S.    |    I love the good educational facilities of Mumbai : Stanlay B.    |    I love vada pav in Mumbai : Priyesh Y.    |    I love the vibes of Mumbai : Devanshu    |    I hate the unnecessary honking on the streets of Mumbai ☹ : Krupa T.    |    I hate the corruption of Mumbai ☹ : Arjun M.    |    I love the beach of Mumbai : Irsad S.    |    I hate the non provision for cyclists in Mumbai ☹ : Asheen A.    |    I love the better employment opportunities of Mumbai : Raza A.    |    I hate the lack of ecofriendliness of Mumbai ☹ : Manpreet    |    I love the sea-link in Mumbai : Abhijit    |    I love that Mumbai is a financial innovation capital : Jimmy P.    |    I hate the behaviour of government people in Mumbai ☹ : Milan N.    |    I love that Mumbai never sleeps : Rashair C.    |    I hate the infrastructures of Mumbai ☹ : Rashair C.    |    I hate the bad civic amenities of Mumbai ☹ : Afrid W.    |    I hate the lack of proper urban planning in Mumbai ☹ : Manpreet    |    

Mumbai Bungalow With Secret History Up For Sale

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  • BHC Team

A historic bungalow in Mumbai, which formerly functioned as a secret hideout for freedom fighters during the Colonial rule, has been gathering interest from various parties desiring to purchase the prized asset. The bungalow which saw frequent visits from the likes of Jawaharlal Nehru and Mahatma Gandhi, is presently up for sale in the market. Laxmi Nivas, the legacy bungalow, owned by the same family for over a century is attracting a solid amount of interest from the likes of HNWI, if reports from the Economic Times are to be believed.

This bungalow is not only valued for its rich heritage and significance during our freedom struggle, but also for its sea-view and proximity to the plush amenities of Carmicheal Road, Altamount Road, Nepean Sea Road and Malabar Hill. "Real estate assets of this stature do not come into the market often and it is already generating good interest,” said Nikhil Bhatia, MD Capital Markets at CBRE India.

It has been a trend for the super rich occupants of the above areas to buy neighbouring bungalows for their personal use, or even to build luxury skyscrapers from them. In 2015, a property of similar proportions was sold for Rs. 425 crores, marking the success of Mumbai's most expensive property deal till date! While there are several instances of heritage properties across the city that have been knocked down to build large monuments, the question remains unanswered, whether we should allow such a monumental part of our past to be destroyed and condemned to capitalist urges, or not.

Our home signifies a physical embodiment of time that passes by. There was a time when India was ablaze with an initiative purer than that offered by any religion or belief: freedom. Shall we knowingly allow for a structure symbolising our strength and resolution to be destroyed and converted into yet another luxury skyscraper?

Undoubtedly though, the project is garnering a lot of attention from potential suitors, most notable of whom are of either Chinese of Japanese origins. Since the relaxation of foreign direct investment (FDI) norms in the country (thanks to Prime Minister Modi's administration), both countries have been actively exploring investment opportunities into one of the fastest growing economies of the world. Japan is reportedly planning on investing at least $2 Billion, while China (never to be undone) has pledged a war chest of over $3 Billion to be used in the same time frame.

The future of Laxmi Nivas may be in the hands of the richest suitors of its skeleton, but we hope that this beloved bungalow, which served as a refuge to many during the darkest hours of the country's past, will be preserved and its glory, renewed.