MUMBAI: A Mumbai-based diamond merchant has bought Cadbury House, a popular South Mumbai landmark for around Rs 350 crore, said three persons familiar with the development.
Realty developers like Lodha Group, Oberoi RealtyBSE 1.15 %, Peninsula LandBSE 1.32 % were among the players that had shown interest in acquiring the property for redeveloping it. But the new owner of Cadbury house, Dilipkumar Lakhi, the diamond merchant is believed to be acquiring the property for personal use.
