In Mumbai, Saugata Gupta, Managing Director and Chief Executive Officer of Marico, buys a luxury apartment. Gupta, the owner of an India-based multinational consumer goods company bought the asset for Rs. 36.4 Crore. The lavish property is located in Mumbai’s Worli.
According to the information, he bought the apartment that is spread over approximately 4,372 sq ft built-up area. The supreme living address is on the 24th floor of the luxury residential project in Worli, Mumbai.
Gupta along with their wife, Reema Sen is the joint owner of the property. As per the deal, the apartment is valued at Rs. 83, 264 per sq ft and confers five exclusive parking spaces.
Mr. Gupta paid a stamp duty of Rs. 2.18 crore for the registration of the purchase deed that was signed on July 29. These documents were accessed through Zapkey.com.
Since 2023, the record for residential property sales soared in the top eight cities. The majority of demand is from mid-income, premium, and luxury segments.
Mumbai is the costliest property market in Indian real estate. It made record-breaking transactions and attained exceptional results during July 2024.
India’s financial capital witnessed 10,000 more property registrations than regular in the first seven months of 2024. Also, the market has maintained a steady growth momentum with YoY progress for 12 consecutive months. Since August 2023 the rapid growth in the property market hints at strong homebuying sentiment and trust in property market work mechanism.
