Vibha Shanghvi, part of the promoter group of listed healthcare major Sun Pharmaceuticals Industries, has purchased two sea-facing luxury residential apartments in central Mumbai’s upscale Worli locality for a total of Rs 130 crore.
The wife of India’s richest healthcare billionaire and Sun Pharmaceuticals Founder & Managing director Dilip Shanghvi, has acquired the apartments on the 21st and 29th floor of the under-construction super-premium tower Naman Xana on Worli Sea Face.
The first purchase includes a luxurious apartment spread over 6,458 sq ft that has been acquired for Rs 65 crore and it comes with three car parking spaces. The price for this apartment translates to over Rs 1 lakh per sq ft based on the carpet area.The second transaction involves another high-end apartment spanning 5,813 sq ft acquired for Rs 65 crore, equating to nearly Rs 1.12 lakh per sq ft. The buyer will get exclusive access to four car parking slots along with this apartment, showed the documents accessed through Zapkey.com, a realty data analytics platform.
She paid a total stamp duty of Rs 6.50 crore for registering both transactions, which took place on Thursday and in the last week of November.
ET’s email queries to Vibha Shanghvi’s team and the project developer Shree Naman Group remained unanswered until the time of going to press.
Recently, Neerav Parekh, owner of professional football club Barnsley Football Club in South Yorkshire, England, and his mother Kalpana Parekh purchased two sea-facing luxury apartments including a duplex in this same tower for a total of Rs 170 crore. Both Kalpana Parekh and Neerav Parekh are part of promoter group of Pidilite Industries.
Residential property sales in the top eight cities have soared to an unprecedented high in 2024 so far, fuelled by strong demand across mid-income, premium, and luxury segments. The year is also expected to conclude with an all-time high sales activity.
Mumbai has been leading the pack as the country’s biggest and most expensive property market as it continued the record-setting spree in terms of property deals.South and Central Mumbai, home to India’s most expensive apartments, have been playing a key role in driving this performance. The micro markets witnessed many large-ticket transactions involving industrialists, top corporate executives, actors, and sports personalities in the last few years.
