Flat Sold For Rs 1.13 Lakh Per Square Feet

Flat Sold For Rs 1.13 lakh per square feet
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Flat in South Mumbai was recently sold for Rs 1.13 lakh per square feet. The flat is located in a building that created several history in the year 2020.

By Varun Singh

Mumbai’s real estate is known for setting new records. A new realty record has been set at the start of the year of 2021.

A flat was sold recently in South Mumbai for Rs 1.13 lakh per square feet.

The flat that has been sold at this high price is located in a building that in the year 2020 has already set several records.

The flat measures 3183.96 square feet and was sold for a total consideration of Rs 36 crore.

R A Realty Ventures LLP sold the 7th floor apartment to Sadbhav Land Pvt Ltd’s Arjun Betkekar.

The flat is located on the 7th floor of the building Carmichael Residencies a prime property in South Mumbai.

Along with the apartment the buyer shall also have access to 4 car parks.

Carmichael Residencies has set records last year, it sold flats as high as Rs 1.58 lakh per square feet.

Also Read: This Is 2020’s Most Expensive Realty Deal

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According to documents accessed by SquareFeatIndia, the recent deal of Rs 1.13 lakh per square feet was registered on January 8.

However, the documentation was carried out on December 24, 2020, when the stamp duty was 2% of he total value.

The stamp duty paid for the registration of the apartment stood at Rs 72 lakh.

According to a real estate broker aware about the deal, the building is luxurious and attracts a premium.

Previous Top Deals

In December 2020, The Daftary’s paid Rs 101 crore for a flat measuring 3183 square feet in Carmichael Residencies. The per square feet rate here was Rs 1.58 lakh.

In July 2020 Anurang Jain paid Rs 1.56 lakh per square feet for a flat in Carmichael Residencies.

In December 2020, Motilal Oswal Family trust paid Rs 1.48 lakh per square feet to buy a home in 33 South.

Also Read: Flat In Dev’s Anand Sold For Rs 1.02 Lakh Per Sq Ft

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