MUMBAI LUXURY APARTMENT
Bollywood actor Ronit Roy buys sea-view luxury apartment in Mumbai’s Versova
Bollywood actor Ronit Roy and his wife Neelam acquired a 4,259 sq ft sea-view apartment in Versova, Andheri from Macrotech Developers for nearly Rs 19 crore. The June 10 deal includes four exclusive parking slots and a stamp duty of Rs 1.14 crore. The 29-storey project will be completed by December 2026. High net-worth individuals, including Bollywood stars like Amitabh Bachchan, Shahrukh Khan, Shilpa Shetty, Akshay Kumar, Abhishek Bachchan, and Aishwarya Rai, are investing in real estate.
Marico’s Priyanjali Mariwala buys luxury apartment in Mumbai’s BKC for Rs 65 cr
Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai’s Bandra-Kurla Complex (BKC) for Rs 65.25 crore. The apartment spans nearly 8,300 sq ft and is located on the first floor of the super-premium residential tower Signature Island. Mariwala acquired the property from Starlight Systems, a part of the project's developer Sunteck Realty.
Prices of premium residential under-construction properties continue to rise in top cities
According to Savills India, prices of premium under-construction residential properties surged up to 53% in major cities like Gurugram, Delhi, Noida, Bengaluru, and Mumbai. Gurugram led with the highest increase. North Goa also saw a 28% rise in villa prices, driven by remote work trends and high rental yields.
Amitabh Bachchan buys two luxury apartments in Mumbai’s Borivali suburb
The deal comes immediately after the veteran actor recently purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb of Andheri. Bachchan purchased apartments in Borivali worth nearly Rs 7 crores from Incline Realty, a subsidiary of Oberoi Realty. These apartments spread over 2,188 sq ft are located on the 57th floor of the tower, the same floor where his son Abhishek’s apartments are situated.
Paradigm Realty inks pact to redevelop 11 societies on 5 acres in Mumbai’s Bandra, Kandivali
Paradigm Realty has signed agreements to redevelop 11 housing societies in Mumbai's western suburbs of Bandra and Kandivali, with a gross consolidated revenue potential of around Rs 4,500 crore. The projects, spread across over five acres, have development potential of over 2.8 million sq ft. The Mahavir Nagar project has a development potential of over 2.5 million sq ft, with a free-sale RERA carpet area of up to 1 million sq ft holding a gross development value of nearly Rs 3,500 crore.
Amitabh Bachchan buys more office properties in Mumbai Andheri suburb
Bollywood legend Amitabh Bachchan expands his Mumbai property portfolio with the purchase of three office spaces in Oshiwara for Rs 60 crore. This acquisition adds to his existing commercial holdings, with a focus on real estate investments alongside other industry figures.
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Abhishek Bachchan buys six apartments in Mumbai’s Borivali suburb
Bollywood actor Abhishek Bachchan has purchased six apartments in Mumbai's Borivali suburb, totaling Rs 15.42 crores, from a subsidiary of real estate developer Oberoi Realty. These apartments, spanning 4,894 sq ft on the 57th floor of the luxury project Oberoi Sky City, were acquired from the company's subsidiary Incline Realty at a rate of Rs 31,498 per sq ft.
Nadir Godrej, family buy 3 luxury apartments in SOBO’s Malabar Hill for Rs 180 cr
Godrej Industries’ Chairman Nadir Godrej and his family have acquired three sea-view luxury apartments in South Mumbai’s Malabar Hill for a total of nearly Rs 180 crore from a real estate development subsidiary of the JSW Group. The under-construction super-luxury residential project, Ruparel House, on Ridge Road at the top of Malabar Hill with the view of Queen’s Necklace, is being developed by R House Realty, part of JSW Realty.
Sales of affordable homes fall 4% in Mumbai, Bengaluru and other top cities in Jan-Mar: PropEquity
Sales of affordable homes priced up to Rs 60 lakh each declined 4% in eight major cities to 61,121 units during January-March due to lower supply and higher demand for luxury apartments, as per PropEquity data.
Mumbai luxury property market records 3rd highest price rise globally in Q1
Mumbai saw a significant rise in prime residential prices, recording the third highest year-on-year growth globally. New Delhi also saw an increase, while Bengaluru experienced a slight drop. Mumbai's growth was driven by strong demand for higher value apartments. India's property markets have seen a surge in prices due to robust economic growth.
Tripti Dimri joins Mumbai's elite with lavish bungalow purchase worth Rs 14 cr: Check details
Bollywood actress Tripti Dimri has purchased a luxurious bungalow in Mumbai's Bandra West for Rs 14 crore. The property, located off Carter Road, includes a ground-plus-two-storey structure with a total area of 2,226 square feet. Dimri paid Rs 70 lakh in stamp duty and a registration fee of Rs 30,000. The transaction was registered on June 3, 2024.
Kiran Gems’ Rajesh Lakhani buys sea-view luxury apartment in Worli for Rs 97 cr
Rajesh Labhubhai Lakhani, director of Kiran Gems, buys a luxury apartment in Mumbai's Three Sixty West tower. The tower includes The Ritz-Carlton Hotel. Kiran Gems is a sightholder authorized to buy rough diamonds from De Beers Group.
Holiday home demand tapers off as rentals fall
Goa is becoming a first-home market with interest from businessmen and startup founders. Luxury second homes are in demand, especially in locations like Porvorim. Coonoor Estates is developing high-end luxury homes for buyers looking to settle down.
Shahid Kapoor buys sea-view luxury apartment in Mumbai’s Worli for Rs 60.4 cr
The apartment spread over 6,176 sq ft on the 24th floor of Three Sixty West project on Dr. Annie Besant Road is the second such deal concluded by the actor in this luxury residential tower. Prior to this, Kapoor and his wife had purchased a duplex on the 42nd and 43rd floor of the same tower of the high-rise project for over Rs 58.57 crore in 2018.
360 ONE founder Karan Bhagat buys luxury apartments in Mumbai’s Worli for Rs 170 crore
Bhagat founded 360 ONE, formerly known as IIFL Wealth & Asset Management, along with his colleagues in 2008. The firm is currently among India's largest asset and wealth management firms with more than $56.3 billion assets under management. Bhagat’s team works with and for around 7,200 top families in India including industrialists; new age technology founders and professionals including leading CEOs, lawyers as well as sportspersons and artistes.
Kiran Gems MD Patel buys sea-view luxury pad in Mumbai’s Worli for over Rs 97 crore
Mavjibhai Patel, the managing director and member of the promoter group of Kiran Gems, one of the world's largest natural diamond manufacturers, has acquired a sea-view luxury apartment in a highly prestigious residential tower located in Mumbai's upscale Worli area for approximately Rs 97 crore.
DLF to develop Rs 25,000 crore luxury housing project in Gurugram
DLF Ltd is set to develop a luxurious housing project in Gurugram with over 400 apartments, aiming for an estimated revenue of Rs 25,000 crore. The project, spread across 17 acres in DLF Phase-5, will offer apartments ranging from 9,500 to 15,000 square feet. Featuring top-notch amenities and lush landscaping, the project targets high-end buyers. DLF plans to sell the units in phases, ensuring quality and pricing control. The company's strong financial performance reflects the robust demand for luxury housing in India.
DLF sells apartments worth Rs 5,590 crore within days of launch
Luxury segment housing (apartment priced Rs 4 crore and above) has recorded 10% Y-o-Y growth in Jan-Mar 24 across the top seven cities, with Mumbai witnessing highest number of sales with more than 1,300 luxury units in Q1 2024.
Luxury housing sale reports 10% growth during Jan-Mach 2024
Luxury segment housing in top cities grows 10% Y-o-Y, Mumbai leads. Anshuman Magazine cites robust fundamentals. Gurgaon emerges as luxury market with eco-friendly features. Jubilee Hills sees luxury demand.
Delhi-NCR towers over other metros in luxe apartment demand
Delhi-NCR is leading a surge in demand for luxury apartments in India, with 61% of total launches in the March quarter in Delhi NCR. This trend is driven by buyers increasingly drawn to luxury apartments, with most projects selling out within days of launch. The demand for larger, more luxurious homes has attracted established developers, leading to a 34% share in the March quarter.
Wellknown Polyester’s CMD buys two luxury apartments in Malabar Hill for Rs 270 cr
The transaction values the apartment at Rs 1.41 lakh per sq ft. The buyers have paid over Rs 16.20 crore as stamp duty alone for the registration of the deals that took place on Friday, showed the documents accessed through IndexTap.com.
K Raheja inks pact to jointly develop 2.5-acre land parcel in Mumbai’s Worli
The developer’s residential platform and the landlord have finalised a revenue share structure for the proposed joint development, wherein K Raheja Corp will get 57% revenue share, while the balance 43% will go to the landlord. As per this agreement, the developer will be responsible for all planning, design, approvals, execution, branding, and sales efforts. The pact stipulates that K Raheja Corp is expected to complete the project within five years.
Rekha Jhunjhunwala family buys 12 apartments in SOBO’s Walkeshwar for Rs 156 cr
Rekha Jhunjhunwala buys a luxury apartment on Walkeshwar Road for over Rs 11.76 crore. She owns prime office space in Bandra-Kurla Complex. Her stock holdings are worth Rs 39,333.2 crore. Both her and late Rakesh Jhunjhunwala's investments attract retail and institutional investors.
Motilal Oswal top official Ashish Gumashta buys luxury apartment in Mumbai’s Bandra west
Ashish Gumashta, managing director of strategic initiatives at Motilal Oswal Financial Services, has purchased an under-construction luxury apartment in Mumbai's Bandra locality for over 36.19 crore. Gumashta recently resigned as Executive Chairman of Julius Baer India. The apartment has a carpet area of 3,417 sq ft and is located on Perry Road and St. Cyril Road.
Why are the super rich snapping up luxury apartments?
It's not just Delhi-NCR. Luxury properties in all big cities are on fire. Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks with property transactions. Several large-ticket record-setting transactions involving industrialists, CXOs, actors, and sports personalities have been taking place.
Demand for larger homes to continue in 2024: Report
"Despite challenges like elevated interest rates and global uncertainties, the industry has demonstrated robustness. The RBI's decision to pause rate hikes in April, coupled with pent-up post-pandemic demand, has significantly bolstered buyer confidence,” said Dhruv Agarwala, Group CEO, Housing.com.
Everest Food promoters buy 2 more luxury pads in Mumbai’s Worli for Rs 143.50 cr
The promoter group of Everest Food Products had recently bought an apartment on the 53rd floor of Oberoi Three Sixty West, with a total area of over 6,921 sq ft, for Rs 73.50 crore. In the latest transactions, the Everest promoter family has purchased an adjacent apartment on the same floor while the second apartment is of the same size on the 50th floor of the tower.
South, Central Mumbai luxury housing deals push inventory down to 15-year low
While experts had voiced their concern a few years ago with regards to the unsold inventory levels and impending launches in this specific micro-market, the performance since the outbreak of the pandemic has surprised many of them.
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