Feat Properties buys luxury bungalow in Mumbai at Rs 182.75 cr
Real Estate

Feat Properties buys luxury bungalow in Mumbai at Rs 182.75 cr

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.

Image Source

Also read: Luxury properties secure big ticket deals

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. Image Source Also read: Luxury properties secure big ticket deals

Next Story
Infrastructure Transport

Indian Railways completes launch of world’s tallest railway pier bridge

In a major engineering milestone, Indian Railways has successfully completed the launching for all eight spans of the world’s tallest railway pier bridge on the Jiribam–Imphal railway line. The development was announced by Union Railway Minister Ashwini Vaishnaw via a post on social media platform X. The bridge, located in the Khongsang–Noney section of the Jiribam–Imphal Capital Connectivity Project, features a total of eight spans—comprising 1 x 71.5 metres, 5 x 106 metres, another 71.5 m span, and a 30 m span. The tallest pier of the bridge rises to a height of 141 m, making ..

Next Story
Infrastructure Urban

Enlight Metals brings AI efficiency to India's steel trade

Pune-based metal aggregator Enlight Metals is transforming the traditionally unorganised steel trading sector by embedding artificial intelligence (AI) across its operations. Faced with challenges like unpredictable demand, stockouts, and slow customer responses, the company has adopted AI-driven tools to streamline functions from inventory to customer engagement. By integrating AI with its CRM and ERP platforms, Enlight Metals has achieved a 40 per cent improvement in customer response time and a 25 per cent reduction in stockouts. The system prioritises customer queries from WhatsApp an..

Next Story
Infrastructure Urban

NMDC Drives Rural Transformation Through Education Initiatives

NMDC, India’s largest iron ore producer and a Navratna PSU, is quietly transforming rural India through its long-standing investment in education. With a total CSR contribution exceeding Rs 26 billion over the past two decades, NMDC has channelled more than Rs 6.9 billion into education initiatives alone, supporting over 1 lakh students annually in Chhattisgarh and Karnataka. “At NMDC, community development is a core part of our identity. By significantly increasing our CSR contribution in education year after year, we are educating not just an individual but a whole family, their gen..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?