The colossal deal, officially registered on Wednesday (May 28), encompasses a sprawling 22,572 sq ft spread across the 32nd to 35th floors of Naman Xana, an exclusive 40-storey super-premium tower offering panoramic views of the Arabian Sea from Worli Sea Face. At an astounding Rs 2.83 lakh per sq ft on carpet area, this acquisition sets an unprecedented benchmark, becoming the most expensive residential property sale ever recorded in the country.

Documents accessed by SquareFeatIndia reveal that Tewari alone paid over Rs 63.9 crore towards stamp duty and the Goods & Services Tax (GST) for the transaction. Factoring in these substantial charges, the total outflow for these ultra-luxury residences amounts to nearly Rs 703 crore.

This record-setting purchase further cements Worli’s status as a preferred address for India’s billionaires and high-net-worth individuals. The deal comes on the heels of another high-profile transaction earlier this month, where billionaire banker Uday Kotak completed the acquisition of an entire residential building on Worli Sea Face by purchasing eight additional apartments, bringing his total investment to over Rs 400 crore. While some of Kotak’s transactions were finalized at a rate of Rs 2.90 lakh per sq ft, his deal factored in the inclusion of land rights for owning the entire building, a different structure compared to Tewari’s duplex purchase.

The twin duplex apartments in Naman Xana represent the pinnacle of luxury living, underscoring the enduring appeal and escalating value of prime properties in Mumbai’s most exclusive neighborhoods.

Also Read: Sun Pharma’s Vibha Sanghvi Purchases Properties Worth Rs 130 Crore in One Month

The post Mumbai Sees India’s Costliest Home Sale at Rs 639 Crore appeared first on Square Feat India.

By Varun Singh

A duplex in Samudra Mahal, Worli was sold for a total consideration of ₹46.29 crore.

The carpet area of the apartment is 3638 sq ft.

According to documents provided by Zapkey.com the stamp duty paid is ₹2.39 crore. The deal was registered on September 23.

The duplex is located on the 17th and 18th floor of Samudra Mahal.

On the carpet area the per sq ft rate of the apartment is 1.27 lakh.

Along with the apartment the new owners will also have access to a constructed car park.

The buyers are Ramdeo Agarwal, Sunita Agarwal and Vaibhav Agarwal, whereas the sellers are Surin Narsi Nichamal Mukhi.

Samudra Mahal is an iconic building in Worli, an address that severa rich people from the country possess.

Some Big Ticket Deals

• Jiten Doshi and Hetal Doshi, Jiten a reputed and well known name in the Capital Markets had bought a flat for Rs 61 crore in 33 South, Peddar Road, the per square feet rate was Rs 1.66 lakh. This deal took place in February.
• 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 the building Residence, Breach Candy was sold for Rs 1.87 lakh per square feet.

Also Read; Samudra Mahal Flat Sold Below Rs 1 lakh Per Sq. Ft.

The post Samudra Mahal Duplex Sold For ₹46.29 crore appeared first on Square Feat India.

By Varun Singh

In the last few days, Mumbai has witnessed some big ticket real estate deals.

Entering the league of the luxury deals, is this one where a top real estate family has bought three duplexes in Worli.

The three duplexes are spread over five floors and consists of a total 18 flats.

The duplexes are located in the building Artesia, located in Mumbai’s Worli area.

The buyers are from real estate tycoon Raheja family, and the building is being constructed by K Raheja Pvt Ltd.

Here are the flat details:

Duplex apartment 4101 comprising of six flats is spread on 41st and 42nd floors measuring 2079 square meters, and it cost Rs 143.63 crore. The stamp duty paid for the registration of the duplex is Rs 2.87 crore. It has been bought by Neel Raheja and Jaya Raheja.

Of the three duplexes, the second duplex apartment is 4201 again comprising of six flats spread on 42nd and 43rd floors measuring 1989.71 square meters and cost Rs 137.78 crore. The stamp duty of Rs 2.75 crore was paid to register this duplex. It has been bought by Chandru Raheja and Jyoti Raheja.

The last of duplexes is duplex apartment comprising of six flats and numbered 4401 it spread on 44th and 45th floors measuring 2138.25 square meters and costs Rs 146.40 crore. The stamp duty paid is Rs 2.92 crore. This has bee bought by Ravi Raheja and Sumati Raheja.

The total consideration paid for the apartments stood t Rs 427.81 crore. The total area when calculated comes to 6202 square meters. This translates into 66811 square feet.

With every duplex the owners will also have access to 14 car parks, thus taking the total car parks available to 42.

The deal took place in December 2020, but were registered in April 2021. Maharashtra government had announced a stamp duty discount of 3% till December 2020 and 2% till March 2021.

Homebuyers could pay the stamp duty till this cut off date and register the documents within four months.

Raheja’s offered no comments on the deals.

Artesia at Worli has been attracting a lot of High Networth Individuals.

Some previous deals in this building includes, Dheeraj Relli and Archana Relli who had paid Rs 30.31 crore for an apartment in this building.

Keki Mistry had paid R 41.23 crore for an apartment in Artesia.

Smita D Parekh had paid Rs 50 crore to buy an apartment in this building.

Apart from Artesia, the most talked dead this year has been that of DMart’s Radhakishan Damani who shelled our Rs 1001 crore for a bungalow in Malabar Hill.

Also Read: Amitabh Bachchan Buys Duplex For Rs 31 Crore

The post 3 Duplexes Comprising Of 18 Flats, 42 Parking, Sold In Worli For Rs 427 Crore appeared first on Square Feat India.