Ravi Ruia buys London mansion for Rs 1,200 crore - Times of India
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Billionaire Ravi Ruia bought a £113 million (about Rs 1,200 crore) London mansion linked to Russian property investor Andrey Goncharenko in one of the UK capital’s biggest residential deals in recent years. The family office of Ruia, who co-owns Essar Group, purchased the Hanover Lodge mansion overlooking Regent’s Park at 150 Park Road this month through a sale of the home’s Gibraltar-incorporated holding company, according to a person familiar with the matter. The mansion was owned as recently as two years ago by Goncharenko, the former deputy chief executive officer of Gazprom Invest Yug, a subsidiary of the Russian state-run energy firm. He bought the property’s outstanding lease in 2012 from Conservative Party peer Rajkumar Bagri for £120 million, the person said. The property “is under construction and became available at a price which makes it an attractive investment for the family office,” William Rego, a spokesperson for the Ruia family office, said in an ema...