Imperial Infra buys property in Mumbai's Bandra for Rs. 350-Cr

A Parsi trust has sold its prime, sea-facing bungalow property at Bandra Bandstand to developer Imperial Infra for INR 350 crore. Imperial Infra, a Rustomjee Group firm, concluded the sale agreement with the Bandra Parsi Convalescent Home Trust for the 1-acre plot near Taj Land's End Hotel. The trust will get back a built-up area of 12,000 sqft free of cost when the builder redevelops the land. Rustomjee is reportedly planning a luxury residential tower on the property.