In a rare outright transaction in South Mumbai's Fort area, Dawat-e-Hadiyah, a charitable trust of the Dawoodi Bohra community, has acquired the heritage building 'Killick House' for over Rs 72 crore. The property, located on Hornby Road, was bought from Nippon Investment and Finance Company, which was previously part of the Videocon Group and served as a promoter group entity for Videocon Industries.

Killick House, situated next to the Cathedral School, spans a quarter of an acre and includes a basement, ground floor, and three upper floors, with a total built-up area of 27,577 sq ft. The building is classified under Heritage Grade 1 by the Heritage Conservation Committee. The transaction was completed through four separate agreements, with the first two registered in March, and one each in January and February.

This acquisition follows a similar purchase by Dawat-e-Hadiyah in 2017, when it acquired Fort House, another iconic property in South Mumbai, from the Videocon Group for around Rs 300 crore. The trust's acquisition of Killick House is significant as it marks one of the rare occasions when an entire building in this prestigious micro-market has been sold. The Fort area, known for its Victorian Gothic architecture and historical structures, has not seen many such deals.

This deal highlights the growing interest in prime real estate in South Mumbai, particularly heritage properties, and marks another significant investment by Dawat-e-Hadiyah in the city's real estate landscape.