Details of the Property

The purchased apartment is located in Lodha Sea Face, a luxury residential project developed by Macrotech Developers Ltd. (Lodha Group). According to RERA records, the project spans 1.5 acres and consists of 29 premium residential units with 5 BHK and 6 BHK configurations.

As per the property registration documents, the apartment features a carpet area of 1,381.09 sq. m. (~14,866 sq. ft.) and comes with seven car parking spaces. The buyer, SR Menon Properties LLP, paid a stamp duty of ₹11.25 crore and registration charges of ₹30,000. This was a primary sale, directly purchased from Macrotech Developers Ltd.

Luxury Living in Worli

Worli remains one of South Mumbai’s most sought-after luxury residential markets, known for its high-end high-rises and sea-facing apartments. The area boasts seamless connectivity via the Bandra-Worli Sea Link, Eastern Express Highway, and key arterial roads, ensuring quick access to business hubs like BKC and Nariman Point. With world-class social infrastructure, premium retail spaces, and proximity to commercial centers, Worli continues to attract high-net-worth individuals (HNIs), celebrities, expatriates, and senior professionals.

Worli’s Real Estate Market Trends

According to Square Yards Data Intelligence, Worli recorded a total of 683 residential registrations across the primary and secondary markets between January and December 2024, with a total transaction value of ₹7,326 crore. The average property price in the locality, covering both primary and secondary sales, stood at ₹84,754 per sq. ft. as of December 2024.

About SR Menon Properties LLP

SR Menon Properties LLP is an Indian Limited Liability Partnership (LLP) incorporated in May 2024. The firm is led by two designated partners: Radhika Narang Parasram and Sudhir Vijay Menon.

This transaction highlights the continued demand for ultra-luxury residences in Mumbai, reaffirming Worli’s status as a prime destination for high-value real estate investments.

SFI Analysis

This transaction highlights the resilience of Mumbai’s ultra-luxury real estate market, with premium properties in locations like Worli continuing to command record-breaking prices. The ₹187 crore price tag reflects both the scarcity of high-end properties and the demand from HNIs and institutional buyers. Despite economic fluctuations, Mumbai’s luxury housing segment remains a stable investment due to strong infrastructure, proximity to commercial hubs, and long-term appreciation potential. The increasing number of high-value transactions in Worli suggests that developers are successfully catering to a niche yet robust market of high-end buyers.

Also Read: Worli Flat Sold For ₹51 Crore

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A Premium Investment in Lower Parel

Lower Parel, a prime residential and commercial locality in Mumbai, has become a preferred destination for celebrities and business professionals. The area boasts excellent connectivity to major business hubs like Bandra-Kurla Complex (BKC) and Nariman Point. Several Bollywood personalities, including Abhishek Bachchan, Shahid Kapoor, and writer Amish Tripathi, have also invested in properties in this sought-after location.

Details of the Property

The newly acquired apartment is situated in Indiabulls Sky, a premium residential development by Equinox India Developments Limited. As per RERA records, this ready-to-move-in project spans three acres and features luxury residences with configurations ranging from 3 to 6 BHK.

The apartment purchased by Zaheer Khan and his family spans a carpet area of 2,158 sq. ft. (~200.47 sq. m) and a built-up area of 240.58 sq. m (~2,590 sq. ft.). It also includes three car parking spaces. The deal involved a stamp duty payment of Rs. 66 lakh and a registration charge of Rs. 30,000.

Real Estate Trends at Indiabulls Sky

According to Square Yards’ Project Data Intelligence, Indiabulls Sky witnessed two property transactions amounting to Rs. 23 crore between February 2024 and January 2025. The current average resale price in the project stands at Rs. 49,096 per sq. ft., reflecting the high value of real estate in the area.

Zaheer Khan: A Cricketing Legend

Zaheer Khan, a stalwart of Indian cricket, played for the national team in all formats from 2000 to 2014. He was instrumental in India’s 2011 Cricket World Cup triumph and was also part of the squad that shared the 2002 ICC Champions Trophy. For his contributions to Indian sports, he was honored with the Arjuna Award in 2011. Zaheer retired from international and first-class cricket in October 2015.

A Power Couple in Sports and Entertainment

Zaheer Khan and Sagarika Ghatge, who tied the knot in 2017, are a well-known power couple. While Zaheer made his mark in cricket, Sagarika gained fame for her role in the Bollywood film Chak De! India and was also a former national-level hockey player. Their investment in Mumbai’s luxury real estate market adds to their growing portfolio of high-end assets.

With this acquisition, Zaheer Khan, Sagarika Ghatge, and Shivjeet Ghatge join the league of elite homeowners in Mumbai’s prime real estate sector.

Also Read: adani real estate

The post Zaheer Khan, Sagarika Ghatge, and Shivjeet Ghatge Purchase Luxury Apartment in Mumbai for Rs 11 Crore appeared first on Square Feat India.

Details of the First Apartment:
The first flat, costing ₹105 crore, is a duplex (Flats No. 23 and 24) located on the 23rd and 24th floors of Naman Xana, Dr. Abdul Gaffar Khan Road, Worli, Mumbai. The total area of the apartment is 856 sq. m. as per RERA carpet area, with an additional 114 sq. m. for the balcony. This gives a combined total of 970 sq. m. RERA carpet area. The apartment also comes with six parking spaces: three located on the 10th-floor podium, one on the first-floor podium, and two in the second basement.

Details of the Second Apartment:
The second flat, which Kalpana Parekh bought for ₹65 crore, is located on the 22nd floor of Naman Xana, in the same area. This flat has a total area of 540 sq. m. of RERA carpet space, with an additional 60 sq. m. for the balcony, making the total area 600 sq. m. RERA carpet. Kalpana received a 1% concession on stamp duty due to the flat being purchased by a woman. The flat includes four parking spaces: two in the 10th-floor podium, one on the first-floor podium, and one in the second basement.

Registration and Stamp Duty:
The registration process for the flats took place on December 5 and 7, respectively. Stamp duties of ₹6.30 crore and ₹3.25 crore were paid for each flat’s registration.

The documents for the property transactions were accessed by SquareFeatIndia from the office of the Inspector General of Registration (IGR), Maharashtra, which handles the registration and stamp duty collection for home sales.

Also Read: home sales in mumbai

The post Barnsley FC Chairman Neerav Parekh and Mother Kalpana Parekh Buy Luxury Flats in Mumbai for ₹170 Crore appeared first on Square Feat India.

The 27-story TREVOC Royal Residences will feature 172 high-end apartments. The development includes modern design elements, a world-class clubhouse, and a Skydeck offering panoramic views.

Gurpal Singh Chawla, Managing Director of TREVOC, emphasized the project’s commitment to luxury and exclusivity. “TREVOC Royal Residences is designed to provide an unparalleled living experience in one of Gurugram’s most sought-after locations,” he said.

Sehaj Chawla, Managing Director of TREVOC, highlighted the project’s alignment with the company’s 75-year legacy of combining functionality, innovation, and sustainability. “The positive market feedback has been encouraging. We anticipate attracting buyers who seek both exclusivity and luxury,” he added.

TREVOC Group, with a history spanning over 75 years, continues to develop luxury properties across prime locations including Golf Course Road, Southern Peripheral Road, and Dwarka Expressway. The Group plans to deliver over 5 million square feet of residential space, 1 million square feet of retail and office space, and develop 75-100 acres of plotted land.

Also Read: Godrej Properties sells over 600 homes worth INR 2,600 crore at the launch of its project Godrej Aristocrat in Gurugram

The post TREVOC Group Launches Ultra-Luxury Residential Project in Gurugram, Targets INR 1000 Crore Revenue appeared first on Square Feat India.

Strong Performance in Top Cities

Across major Indian cities, 25 ultra-luxury homes, priced above INR 40 crore each, have been sold so far this year. These transactions include 20 high-end apartments and 5 independent bungalows. Mumbai has emerged as the dominant market, accounting for 21 of these sales, valued at approximately INR 2,200 crore, or 84% of the total.

• Mumbai: The financial capital remains the top destination for ultra-luxury properties, with deals predominantly in South Central Mumbai and the upscale neighborhoods of Bandra and Juhu. Notably, nine of these deals involved homes priced over INR 100 crore each.
• Hyderabad: Saw two ultra-luxury transactions amounting to INR 80 crore.
• Gurugram: Recorded one sale of an ultra-luxury home worth INR 95 crore.
• Bengaluru: Closed one deal for a home priced at INR 67.5 crore.

Price Trends and Market Dynamics

The average price of homes in the INR 40 crore and above category has increased by 2% over the past eight months. Homes priced above INR 100 crore have seen a substantial 14% rise in average prices. In Mumbai, the price per square foot for properties in this bracket has climbed to INR 1,02,458, up from INR 1,00,208 in 2023. For homes exceeding INR 100 crore, the price per square foot has jumped from INR 1,24,697 at the end of 2023 to INR 1,41,904 in 2024.

Yearly Comparison and Future Outlook

In 2023, the ultra-luxury segment recorded 61 transactions worth approximately INR 4,456 crore. With four months remaining in 2024 and the festive season approaching, industry experts anticipate further high-value deals.

Comment from Anuj Puri

Anuj Puri, Chairman of ANAROCK Group, commented on the market dynamics: “The whole of 2023 saw about 61 deals with a cumulative sales value of approximately INR 4,456 crore in Mumbai, Hyderabad, and Gurugram. With four months remaining in 2024 and the festive quarter from October to December ongoing, we are likely to see more such large ticket-size residential deals happening before the year is through. The data indicates that despite rising prices, the demand for ultra-luxury homes remains strong, driven by high-net-worth individuals seeking premium investments.”

City-wise Performance and Investment Preferences

The data highlights Mumbai’s unyielding dominance in the ultra-luxury market, attracting high-net-worth individuals (HNWIs) and ultra-HNWIs. In comparison, Hyderabad, Gurugram, and Bengaluru contribute smaller shares to the market. Of the 25 deals closed in 2024, 20 were high-rise apartments and five were independent bungalows. Notably, 80% of the deals were made by businessmen, with senior professionals and celebrities accounting for the remainder.

Historical Context and Demand Patterns

Over the past three years, the demand for ultra-luxury homes has surged. Between 2022 and 2024 (up to August), more than 99 deals worth approximately INR 8,069 crore have been recorded in top cities. In 2022, 13 ultra-luxury homes were sold for a total of INR 1,170 crore, with Mumbai accounting for 11 of these transactions.

Also Read: MHADA Receives Over 50,000 Applications for 2030 Homes in Mumbai Lottery; Deadline Extended

Conclusion

The ultra-luxury real estate market continues to thrive, driven by strong demand and rising property values. Mumbai’s leadership in this segment underscores its status as the premier destination for high-end real estate investments. As the year progresses, further developments and transactions are expected to shape the landscape of ultra-luxury residential properties in India.

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