Real estate market is abuzz with a group realty deal of 35 flats for around Rs 200 crore in Parel’s One Avighna Park. The buyers mostly comprise of businessmen from gold industry, residing in Lalbaug-Parel belt.
By Varun Singh
The real estate market is abuzz with a major realty deal that happened a few days ago in South Central Mumbai.
According to realty sources a group of buyers have negotiated a deal with the developer of One Avighna Park to buy 35 flats. The outgoing for these flats is pegged to be close to Rs 200 crore.
A real estate broker aware about the deal said, “The group of buyers comprises of businessmen from gold industry who reside in the Lalbaug-Parel belt. They have negotiated to buy 35 flats in the building for close to Rs 200 crore. Being a group deal the developer has offered them a good rate too.”
Sources say the deal has been almost finalized and the registration process of the flats will begin soon. “Within a month or two, the registration of all these flats will be completed,” said a person close to the deal.
One Avighna Park is a prime luxurious property located near Currey Road and Lower Parel stations. According to its website, it is a 61 storey building offering 3 BHK, 4BHK and 5 BHK luxury flats.
SquareFeatIndia got in touch with Kailash Agarwal, Chairman of Avighna Group to confirm the details. He refused to comment on the deals.
Post registration, this would be one of the biggest group deal of this year. Realty sources claim that the talks had begun sometime ago and things were finalized in the recently.
While the exact rates at which the flats have been sold isn’t know, but it is believed that the developer and the buyers were satisfied with the outcome of the negotiations.
Lower Parel, Worli belt has seen some big ticket deals in the last few months.
Industrialist Neeraj Kochchar in the month of March paid Rs 136 crore to buy apartments, on the 46, 47, 48 and 49th level of Indiabulls Blu located at Lower Parel.
In June this year, businessman Pratik Agarwal registered a flat in Worli’s Samudra Mahal, for Rs 1,12 lakh per sq ft.
Veteran banker Romesh Sobti along with his wife bought two apartments for Rs 76 crore in Worli’s Three Sixty West in June.
Closeby in Malabar Hill on July 9, two flats were bought by industrialist Anurang Jain for Rs 100 crore in Carmiachel Residencies. This was the most expensive deal at Rs 1.56 lakh per sq ft.
Also Read: Bandra flats sold for record Rs 1.30 lakh per sq ft
