By Varun Singh

Luxury realty market is doing pretty well in Mumbai, there are many realty deals in this segment that has taken place in the recent past. 

One such realty deal that took place in Napeansea Road is making a lot of noise, the reason being that two duplexes were sold in the same building on the same both for Rs 103 each.

According to documents accessed by SquareFeatIndia, the documentation for both the duplexes were carried out on March 31, whereas both of them were registered on May 14. 

Both the deals took place in the building named Sesen and under construction building located at Napeansea Road. 

The first duplex is on the 51st and 52nd floor of the building which was sold for Rs 103.65 crore, and it was bought by a Mumbai based firm named SM Dyechem. 

The second duplex was sold on the 53rd and the 54th floor which was sold for Rs 103.80 crore, and it was bought by ABS Realcon LLP, a Pune based firm.

Both the duplexes were sold by Satellite builders, stamp duty was paid of Rs 3.4 crore each for both the registrations.

There have been several big ticket realty deal that took place in the recent past
-Puja Dhoot, recently bought a duplex in 33 South Peddar Road for Rs 52 crore

-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: SoBo Duplex sold for ₹52 Crore

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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

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