Prime Location in South Mumbai

Marine Lines is one of South Mumbai’s most prestigious neighborhoods, known for its luxurious residences, commercial hubs, and iconic landmarks like Marine Drive. Offering stunning views of the Arabian Sea, the area is home to a mix of heritage Art Deco buildings and modern skyscrapers. With seamless connectivity via the Western Railway Line, Eastern Express Highway, and the upcoming Metro Line 3, Marine Lines continues to be a prime real estate hotspot for high-net-worth individuals.

Details of the Transaction

According to property registration documents reviewed by Square Yards on the official website of the Inspector General of Registration (IGR) Maharashtra, the transaction was officially registered in January 2025.

• The apartments are located in Prestige Ocean Tower, a newly launched luxury residential project by Prestige Projects Pvt. Ltd.
• The total built-up area of the 10 units is 25,650 sq. ft (~2,383 sq. m).
• Each apartment has a carpet area of 2,482 sq. ft (~230.58 sq. m) and a built-up area of 2,565 sq. ft (~238.3 sq. m).
• The transaction value per unit ranges between ₹19.39 crore and ₹20.54 crore.
• The total stamp duty paid for the purchases amounts to ₹11.96 crore, with each unit incurring a registration fee of ₹30,000.
• The purchase includes 30 car parking spaces, with three allocated to each apartment.

About Prestige Ocean Towers

Prestige Ocean Towers is a premium residential project spread across 2.3 acres. As per RERA records, the project offers 2 and 3 BHK apartments, catering to the ultra-luxury segment. The high-rise tower is designed to provide modern amenities, scenic sea views, and high-end infrastructure, making it a sought-after address in Marine Lines.

Here’s a table summarizing the details of the 10 luxury flats purchased by Hermes Distillery Pvt. Ltd. in Prestige Ocean Tower, Marine Lines:

Total Transaction Details:

• Total Built-up Area: 25,650 sq. ft. (~2,383 sq. m)
• Total Transaction Value: ₹199.34 crore
• Total Stamp Duty Paid: ₹11.96 crore
• Total Registration Fees Paid: ₹3,00,000
• Total Car Parking Spaces: 30

Hermes Distillery: A Leading Beverage Manufacturer

Established in 2008, Hermes Distillery Pvt. Ltd. is a well-known beverage manufacturer based in Belgaum, Karnataka. The company specializes in producing a diverse range of alcoholic beverages, including whisky, vodka, rum, and brandy. Operating from its manufacturing unit on Ankli-Raibag Road in Raibag, Belgaum, Hermes Distillery has built a strong reputation in the liquor industry.

A Growing Trend of Business Investments in Luxury Real Estate

The purchase by Hermes Distillery Pvt. Ltd. highlights the ongoing trend of business conglomerates and high-net-worth individuals investing in Mumbai’s ultra-luxury residential market. With Mumbai’s prime real estate prices continuing to soar, South Mumbai remains a preferred destination for those seeking exclusivity, status, and long-term investment opportunities.

This high-value transaction further cements Marine Lines as a premium real estate hotspot, attracting corporate investors, entrepreneurs, and prominent business figures looking for prime luxury residences in Mumbai.

Also Read: Commercial Real Estate Market in Mumbai

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