In a remarkable series of transactions, Palais Royale, recognized as India’s tallest tower, sold four luxury homes between December 20 and December 24, 2024, totaling a staggering Rs 324 crore. The real estate deals, documented exclusively by SquareFeatIndia, showcase the ongoing demand for premium properties in the country’s most prestigious addresses.
All four properties were located on the 61st level of Palais Royale, with each unit selling for Rs 81 crore. The seller of the flats was Honest Shelters Pvt Ltd, the developer behind the iconic skyscraper. These deals involved buyers who took advantage of the special discount for women buyers, as they were eligible for a 1% stamp duty reduction.
Breakdown of the Deals:
First Deal (December 20, 2024)
- Buyer: Ziya Malik Lalji
- Flat: Residential Unit No. 61 SW, Level 61, Palais Royale, Ganpatrao Kadam Marg, Worli, Mumbai – 400018
- Size: 714.19 sq. meters
- Price: Rs 81 crore
- Stamp Duty: Rs 4.05 crore (after 1% discount for women)
- Additional: 5 car parking spaces included.
Second Deal (December 20, 2024)
- Buyer: Alisha Rafiq Malik
- Flat: Residential Unit No. 61 North East, Level 61, Palais Royale, Ganpatrao Kadam Marg, Worli, Mumbai – 400018
- Size: 712.75 sq. meters
- Price: Rs 81 crore
- Stamp Duty: Rs 4.05 crore (after 1% discount for women)
- Additional: 5 car parking spaces included.
Third Deal (December 23, 2024)
- Buyer: Farah Malik Bhanji
- Flat: Residential Unit No. 61 SW, Level 61, Palais Royale, Ganpatrao Kadam Marg, Worli, Mumbai – 400018
- Size: 714.19 sq. meters
- Price: Rs 81 crore
- Stamp Duty: Rs 4.05 crore (after 1% discount for women)
- Additional: 5 car parking spaces included.
Fourth Deal (December 24, 2024)
- Buyer: Shabeena Malik Hadi
- Flat: Residential Unit No. 61 North West, Level 61, Palais Royale, Ganpatrao Kadam Marg, Worli, Mumbai – 400018
- Size: 712.75 sq. meters
- Price: Rs 81 crore
- Stamp Duty: Rs 4.05 crore (after 1% discount for women)
- Additional: 5 car parking spaces included.
Total Transaction Value
The combined value of the four deals comes to a total of Rs 324 crore. This series of high-value transactions underlines the premium status of Palais Royale, which continues to attract affluent buyers seeking luxury living spaces in the heart of Mumbai.
Each of the flats was priced at Rs 81 crore, with the buyers taking advantage of the attractive 1% discount on stamp duty provided to women buyers. The inclusion of five car parking spaces per flat further adds to the luxury offering, making these homes some of the most sought-after in the city.
This series of transactions is a clear indication of the robust demand for high-end real estate in India, especially in landmark properties like Palais Royale, which epitomize luxury and exclusivity.
Also Read: CIDCO lottery navi mumbai
