pennews
www.pennews.net
Nirav Modi’s 100-crore Alibaug Bungalow razed
National

Nirav Modi’s 100-crore Alibaug Bungalow razed

The posh bungalow of fugitive diamantaire Nirav Modi has demolished completely in the wee hours of Friday.

The demolition was carried out by the Raigad district administration on an order passed by the Bombay high court against the illegal structure. The building structure was constructed by violating the Costal Regulatory Zone(CRZ) guidelines.

The 30,000-square feet structure located around 90 km from Mumbai, at Kihim in Alibaug, was one of the holiday homes of Nirav Modi where he also hosted lavish parties. The current market price of the bungalow is estimated to be around Rs 100 crore.

Although the actual demolition process started on January 25, the authorities have not been able to raze the structure with the help of excavators due to superior quality construction material used in the building. Structural engineers were consulted by the administration, after which it was suggested to demolish the structure using controlled blasting.
The mansion was also attached by the Enforcement Directorate following his involvement in defrauding Punjab National Bank to the tune of Rs 13,700 crore.