Mumbai real estate market has witnessed some of the costliest luxury apartment deals across the country of which a few properties have been sold for ₹ 1.50 lakh per sq ft and above. Though 70-80% of the residential transactions are in the affordable and mid segment categories priced up to ₹ 5 crore, several deals include sea-facing luxury properties in the range of ₹ 100 crore and more.
Most of the apartments bought for ₹ 100 crore and more are located in areas like Lower Parel, Worli, Mahalaxmi, Malabar Hill, Bandra's Pali Hill, according to real estate consultants. 1 Apartments sold for ₹ 198 crore in Oberoi’s Three Sixty West project in Worli In a recent transaction, promoter of wires and cables manufacturer RR Kabel Ltd, Shreegopal Kabra and his family members, purchased two apartments worth ₹ 198 crore in Worli area of Mumbai, according to property registration documents accessed by IndexpTap.com The two apartments spread across 13,809 sq ft are located on the 62nd floor of Oberoi Three Sixty West, a luxury project by Mumbai-based listed real estate firm Oberoi Realty.
These have been sold for over ₹ 1.43 lakh per sq ft, documents show. The transaction was registered on October 29.
Also Read: Why are Bollywood's fathers and sons on a property buying spree in Mumbai? 2. Apartments in Ruparel House, Malabar Hill, sold for ₹ 180 crore Nadir Godrej of Godrej Industries had purchased three luxury apartments measuring 13,836 sq ft carpet for ₹ 180 crore in .