Diamond merchant Dilipkumar Lakhi buys Cadbury House for Rs 350 crore

Posted on Nov 20 2013 - 4:47pm by IBC News

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.

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