Mumbai is known as the most expensive real estate market in India, with some luxury apartments fetching prices as high as ₹1.50 lakh per square foot. The city has witnessed a surge in high-end transactions, making it the home to some of the costliest apartment deals in the country.
While a majority of residential transactions in Mumbai fall under the affordable and mid-segment categories priced up to ₹5 crore, the market also sees deals involving sea-facing luxury properties priced at ₹100 crore or more. These high-end properties are typically located in prime areas like Lower Parel, Worli, Mahalaxmi, Malabar Hill, and Bandra’s Pali Hill, according to real estate experts.
One of the most notable recent transactions took place in Oberoi Realty’s Three Sixty West project in Worli. The promoter of RR Kabel Ltd, Shreegopal Kabra, along with his family, acquired two apartments for a staggering ₹198 crore. These apartments, spanning a total of 13,809 sq ft, are located on the 62nd floor of the luxury tower. The sale price comes to over ₹1.43 lakh per square foot, according to property registration documents accessed by IndexpTap.com. This transaction, registered on October 29, is one of the most expensive in Mumbai’s recent real estate history.
These luxury apartments in Mumbai, particularly in coveted locations, reflect the city’s growing appeal as a destination for high-net-worth individuals seeking exclusive, opulent living spaces. The demand for prime properties continues to rise, with prices reaching new heights in the city’s prestigious neighborhoods.
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