Little Gibbs Road at Malabar Hill is a charming, upmarket residential enclave where the creme de la creme live, virtually cut off from the hustle and bustle of a congested metropolis. On Tuesday, one of its most prominent landmark buildings, Il Palazzo, created a national record after an apartment here was sold at an astonishing rate of Rs 1.20 lakh a square foot—-each floor tile more expensive than a Nano car.
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