Hermes Distillery Acquires 10 Luxury Apartments for Rs 2 Bn

25 Mar 2025 CW Team

Hermes Distillery Pvt. Ltd has purchased 10 luxury apartments in South Mumbai’s Marine Lines for Rs 1.99 billion, according to property registration records. The apartments are located in Prestige Ocean Tower, a high-end residential project by Bengaluru-based Prestige Estates.

The transaction includes units on the 37th to 41st floors, spanning a total built-up area of 25,650 sq. ft. The cost per unit ranges from Rs 193.9 million to Rs 205.4 million, with a cumulative stamp duty of Rs 119.6 billion and a registration fee of Rs 3 lakh. The purchase also includes 30 car parking spaces.

Prestige Ocean Tower, a newly launched project covering 2.3 acres, offers premium 2 and 3 BHK residences. The Marine Lines area is one of Mumbai’s most exclusive residential zones, known for its proximity to business hubs, the Arabian Sea, and its Art Deco architecture.

Hermes Distillery, founded in 2008 and headquartered in Belgaum, Karnataka, is a leading alcoholic beverage manufacturer producing whisky, vodka, rum, and brandy. The acquisition marks a significant real estate investment for the company in Mumbai’s luxury property market.

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