By Varun Singh

For the rich in Mumbai the price doesn’t matter what matters is luxury and this is one such example.

A flat in Mumbai’s Peddar Road was sold recently for ₹1.56 lakh per square feet.

Before I get into the details of the deal, let me remind you a similar deal took place in this building on Peddar Road in February earlier this year.

Ok now coming to the real that has caught our interest.

A deal in the month of September took place in Mumbai’s Peddar Road.

The building is named 33 South located on Peddar Road.

The flat we are taking about is a duplex located on the 13th and 14th floor of the building.

According to documents available with Squarefeatindia, the property was bought in the month of September.

To be specific on September 14, 2021, and a stamp duty of ₹2.12 crore was paid for the registration of the flat.

The duplex measures 316 square meters which translates into 3395 square feet and a consideration of ₹53 crore was paid for the apartment.

This works out to ₹1.56 lakh per square feet.

Along with the duplex the new owners will also have access to seven car parks in the building.

The sellers according to registration documents are Peddar Realty Pvt Ltd and JSW Steel Ltd.

The buyer is Alka Dujodwala who hails from a business family.

In February 2021, a similar deal took place in the building where duplexes located on the 27 and 28th floors were sold.

The deal was for ₹1.66 lakh per square feet, the seller was Sameer Bhojwani and the buyers were Jiten Doshi and Hetal Doshi, Jiten is a reputed and well known name in the Capital Markets.

The Doshi’s paid a total of Rs 61 crore for both the duplexes in February.

Also Read: Rs 1.66 lakh/sq ft

The post Peddar Road Flat Sold For ₹1.56 lac PSF appeared first on Square Feat India.

By Varun Singh

Rs 1.66 lakh/sq ft. Yes read it right, this is what recently a homebuyer paid to acquire a luxury apartment in a building located on Mumbai’s most expensive street- Peddar Road.

Real estate is a very different world, there are homes available in different categories.

From affordable houses to luxury and premium luxury everything is available, depending on the spending capacity of the homebuyer.

It is when aspirations and ambitions meet luxury, real estate record is set.

In mid-February India’s most expensive real estate deal of 2021 was signed in Mumbai.

According to documents available with SquareFeatIndia.com two duplexes were bought in the building.

The duplexes are located on the 27th and the 28th habitable floor of the building.

Documents show that the apartmetns were registered on February 16, 2021.

The duplexes are in the building 33 South, Peddar Road, which in December had set a record.

In December 2020, the Motilal Oswal Family Trust had bought apartments in the same building for Rs 101 crore.

This was amongst one of the costliest real estate deal priced at Rs 1.48 lakh per sq ft that took place in 2020.

Coming back to the latest deal, which was sold for Rs 1.66 lakh per square feet, the seller is Sameer Bhojwani.

The buyer is Jiten Doshi and Hetal Doshi, Jiten is a reputed and well known name in the Capital Markets.

The Doshi’s paid a total of Rs 61 crore for both the duplexes.

While one duplex measures 170 square meters, the other one measures 169.69 square meters.

The combined area of both the apartment is 339.76 square meters which translates into 3,657 square feet.

Thus when the area is divided by the total consideration of Rs 61 crore, the per square rate that is derived stands at Rs 1,66,803. Which is Rs 1.66 lakh/sq ft.

Along with the apartments, the Doshi’s will also have access to several car parks available in the building.

For the registration of the duplexes a total of Rs 1.83 crore was paid as stamp duty.

Gopal Maheshwari, a senior realtor based out of South Mumbai says, Peddar Road, Carmichael Road, Altamount Road, Warden Road is a location which demand a premium.

“Peddar Road is amongst one of the World’s costliest streets, and the adjoining streets, including Carmichael and Altamount Road have buildings where deal do take place at such high rates,” said Maheshwari.

A detailed message sent to Jiten Doshi, got us no response.

Some Previous Big Deals

Business tycoon Anurang Jain bought an apartment in Carmichael Residencies in 2020 for Rs 1.56 lakh per square feet.

The Daftary’s bought an apartment in 2020 in Carmichael Residencies for Rs 1.58 lakh per square feet.

The Motilal Oswal Family Trust paid Rs 1.48 lakh per square feet in 33 South, Peddar Road in 2020.

Sadbhav Land Pvt Ltd’s Arjun Betkekar paid Rs 1.13 lakh per square feet for a flat in Carmichael Residencies in January 2021

A flat in Dev Anand’s Anand Building in Bandra was sold for Rs 1.02 lakh per square feet.

Also Read: India’s costliest realty deal of 2020 at Rs 1.56 lakh psf

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