Feat Properties buys luxury bungalow in Mumbai at Rs 182.75 cr

16 Jun 2022 CW Team

Feat Properties Private Limited, a subsidiary of K Raheja Corporation, has bought a 3,278 sq m bungalow in Juhu, Mumbai, for Rs 182.75 crore from the Bollywood film director and producer BR Chopra.

According to the document, the Deed of Conveyance was registered on 27 May 2022 and already paid Rs 11 crore as stamp duty.

CEO and Co-founder of CRE Matrix, Abhishek Kiran Gupta, said that besides South Mumbai, Bandra and Juhu has been the prime luxury micro-markets in Mumbai for decades. These micro-markets offer amazing views of the Arabian Sea and social infrastructure, including clubs, diners and five-star hotels.

The wealthy Mumbaites, from industrialists to tinsel towners, have always watched residing in these luxury locations.

In March, Director of INOX Leisure, Siddharth Jain, bought a quadruplex flat in Worli for Rs 144 crore. It is an amalgamation of houses on the 42nd, 43rd, 44th, and 46th floors in Raheja Legend on Dr Annie Besant road. The seller of the property is Ashish S Raheja of Raheja Universal.

Industrialists, corporate leaders and start-up business owners purchasing ready-to-move-in luxury residential units, continue in Mumbai. Even the price of these units is comparable to pre-pandemic rates because demand for ready-to-move-in luxury units surpasses supply.

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Also read: Luxury properties secure big ticket deals

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