Luxury real estate market has performed exceptionally well in the recent few months. In one such deal a veteran financial sector player has paid Rs 41.23 crore for a Worli apartment.

By Varun Singh

Dismissing the common belief, luxury real estate market has performed exceptionally well in the last few months.

Continuing the streak another luxury deal took place in second half of November. A flat in Worli was sold for Rs 41.23 crore.

The buyer of this apartment is veteran financial sector player Keki Mistry and his wife Arnaaz Mistry. Keki Mistry is the Vice Chairman and CEO of HDFC.

According to a real estate broker from the area the flat purchased is on the 35th floor of Artesia Building located in Worli belonging to K Raheja Pvt Ltd.

The deal was finalised on November 18, and the flat measures close to 8132 square feet. The stamp duty paid for the registration of the flat was Rs 95.66 lakh.

In the luxury deal the buyer has even got 8 car parks along with the flat.

The ready reckoner rate of the flat comes to Rs 44.57 crore.

Before this in another luxury deal, veteran banker Romesh Sobti had paid Rs 76 crore for two flats in Worli.

Recently when the question why luxury market was performing good was asked to NAREDCO Maharashtra President, Ashok Mohanani, he said, “Luxury that are selling are moistly ready to move in. projects. In these projects there’s no GST and also the stamp duty cut plays an important role.”

A detailed email sent to Keki Mistry didn’t elicit any response.

Some of the big ticket deals that took place

Anurang Jain in October paid Rs 1.22 lakh per square feet for an apartment in Carmichael Residencies

Anurang Jain paid Rs 1.56 lakh per square feet for an apartment in Carmichael Residences in July 2020

Shushilkumar Jain paid Rs 1.30 lakh per square feet for an apartment in Bandra’s Navroze July 2020.

Businessman Pratik Agarwal registered a flat in Samudra Mahal, for Rs 1.12 lakh per sq ft. in June 2020.

Veteran banker Romesh Sobti along with his wife bought an apartment for Rs 76 crore in Worli’s Three Sixty West in June 2020

Also Read: BJP MLA Pays Rs 42.5 Crore For Worli Apartment

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