MUMBAI: Pop diva Madonna has sold her New York penthouse for a loss to US-based Indian business tycoon Deepak Narula.

As per reports, Madonna had purchased the six-bedroom Harperley Hall home in Manhattan's Upper West Side in 2009 for a reported $32.5 million and spent millions more renovating the apartment.

To attract  potential buyers the price of the property was $23.5 million when it was first listed last November and later as she struggled to attract buyers it was dropped by 15 per cent to $19.995 million.

The place comes with views over Central Park, a library and an eat-in kitchen, as well as interior decoration.

However, the 'Material Girl' has since agreed to hand over the keys to Narula, who allegedly scored the property for "considerably less" than the asking price.