representative image Seema Singhis part of the promoter group of Alkem Laboratories bought a sea view luxury apartment An under-construction super-premium residential tower in Lodha Sea Face Mumbai‘S worli Sea Face for Rs 185 crore.
He has purchased this apartment spread over a total of 14,000 square feet on the 30th floor of the tower directly from the project developer. Macrotech DevelopersAs part of the deal, it will also get exclusive access to 9 car parking slots in the tower, according to registration documents accessed by ET.
This is the second biggest luxury apartment deal of this year in Mumbai, the country’s largest and expensive property market. The biggest luxury apartment deal this year across the country was concluded in April for Rs 270 crore for a property in Lodha Malabar in south Mumbai. Malabar Hill In April.
The most expensive deal so far in the country happened in 2023 when the family of industrialist JP Tapadia, founder of contraceptive maker Family Care, bought a sea-view luxury triplex apartment in the same tower in Malabar Hill for over Rs 369 crore.
Singh, who is the wife of company executive director Mrityunjay Singh, had recently executed a significant share sale, disinvesting over 3.58 lakh shares worth Rs 177 crore, representing 0.3% stake in the company. Used to do.
He has paid stamp duty of Rs 9.25 crore for the registration of the deal done on Wednesday.
In 2021, the Government of Maharashtra announced 1% concession in the prevailing stamp duty for women home buyers. As part of the scheme, a female home buyer will have to pay 5% stamp duty fee for registration of the deal in Mumbai.
ET’s email query Alkem Laboratories And Macrotech developers remained unanswered till the time of writing the news.
Residential property sales across the top eight cities have reached unprecedented highs so far in 2024, led by strong demand across the mid-income, premium and luxury segments. The year is also expected to end with an all-time high sales activity.
Mumbai has been leading the way as the country’s largest and most expensive property market as it continues its record-setting spree in terms of property deals.
South and central Mumbai, home to India’s most expensive apartments, are playing a key role in driving this performance. The last few years witnessed many big transactions involving industrialists, top corporate executives, actors and sports personalities in micro markets.
