Before BREDCO built Il Palazzo in 1972, the area was home to India’s wealthiest family, the Sassoons, who made their fortune in the cotton and opium industries.
Malabar Hill is a famous structure in one of India’s most affluent areas. It’s a structure known as “Il Palazzo,” which was constructed by the illustrious real estate business BREDCO. Billionaires including RPG Group’s Harsh Goenka, stock-market trader Rakesh Jhunjhunwala, and tycoon Kumar Mangalam Birla have all lived there. An apartment of over 2,000 square feet cost Rs 1 lakh when it was erected in 1972. It now sells for between Rs 1.25 and Rs 1.75 lakh per square foot. The views from the top of the structure are breathtaking.
The land had hosted a magnificent bungalow of India’s wealthiest family, the Sassoon family before BREDCO developed the elegant structure. The surname on the rear of the renowned Sassoon Dock, which is now a big fish market in Colaba, is likely familiar to Mumbai residents. David Sassoon, the father of the family, has a remarkable story to tell.
