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Mumbai’s luxury residential market has recorded another high-value transaction with Radha Tanti, angel investor, and wife of Suzlon Energy executive vice chairman Girish Tanti, purchasing a premium apartment in the city’s plush Worli locality for Rs 123.5 crore.
The transaction involves an apartment on the 44th habitable floor of a super-luxury residential tower Artesia located near Doordarshan Center in Worli.
The apartment has a RERA carpet area of around 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or open terrace space, making it one of the larger residences in the development.
The buyer has purchased the apartment from K Raheja Corp’s Ravi Raheja and Sumati Raheja.
The buyer has paid stamp duty of around Rs 6.18 crore for the registration of the transaction that took place on Monday, showed the documents accessed through CRE Matrix, a realty data analytics firm.
ET’s email query to Suzlon Energy and K Raheja Corp remained unanswered.
Worli has emerged as a preferred address for ultra-high-net-worth individuals and business families due to its central location and improved connectivity. Infrastructure upgrades such as the Bandra-Worli Sea Link and the coastal road have further enhanced accessibility to key commercial districts including Lower Parel and the Bandra-Kurla Complex.
According to property consultants, deals of this scale underline the resilience of Mumbai’s luxury housing segment. Limited supply of large-format homes in prime locations, coupled with strong balance sheets and a preference for tangible assets, continues to support demand at the top end of the market, even as buyers remain selective.
The transaction involves an apartment on the 44th habitable floor of a super-luxury residential tower Artesia located near Doordarshan Center in Worli.
The apartment has a RERA carpet area of around 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or open terrace space, making it one of the larger residences in the development.
The buyer has purchased the apartment from K Raheja Corp’s Ravi Raheja and Sumati Raheja.
The buyer has paid stamp duty of around Rs 6.18 crore for the registration of the transaction that took place on Monday, showed the documents accessed through CRE Matrix, a realty data analytics firm.
ET’s email query to Suzlon Energy and K Raheja Corp remained unanswered.
Worli has emerged as a preferred address for ultra-high-net-worth individuals and business families due to its central location and improved connectivity. Infrastructure upgrades such as the Bandra-Worli Sea Link and the coastal road have further enhanced accessibility to key commercial districts including Lower Parel and the Bandra-Kurla Complex.
According to property consultants, deals of this scale underline the resilience of Mumbai’s luxury housing segment. Limited supply of large-format homes in prime locations, coupled with strong balance sheets and a preference for tangible assets, continues to support demand at the top end of the market, even as buyers remain selective.
