Hermes Distillery Acquires Multiple Residential Units: Square Yards

21 Mar 2025 CW Team

Marine Lines, one of South Mumbai’s most premium residential neighbourhoods, is known for its high-end apartments, commercial establishments, and proximity to key business hubs like Churchgate and Fort. Overlooking the Arabian Sea, the area features iconic landmarks such as Marine Drive and UNESCO-recognised Art Deco buildings. Well-connected via the Western Railway Line, Eastern Express Highway, and the upcoming Metro Line 3, it offers seamless access across Mumbai.

The purchased apartments are located in Prestige Ocean Tower. According to IGR property registration documents reviewed by Square Yards, the 10 transactions involve a total built-up area of 25,650 sq. ft (~2,383 sq. m). The carpet area of each apartment is 2,482 sq. ft (~230.58 sq. m), while the built-up area is 2,565 sq. ft (~238.3 sq. m). The transaction value per unit ranges from Rs 193.9 million to Rs 205.4 million, with the total transaction cost amounting to Rs 1.99 billion. The total stamp duty for the apartments is Rs 119.6 million. Each transaction carries a standard registration fee of Rs 30,000. The purchase includes a total of 30 car parking spaces, with three allocated to each apartment.

According to RERA, Prestige Ocean Towers is a newly launched residential project by Prestige Projects Private Limited, spread across 2.3 acres and offering 2 and 3 BHK units.

Hermes Distillery Private Limited, established in 2008, is a prominent beverage manufacturer based in Belgaum, Karnataka, India. The company specialises in producing a diverse range of alcoholic beverages, including whisky, vodka, rum, and brandy. It operates from its manufacturing unit located on Ankli-Raibag Road in Raibag, Belgaum.

Hermes Distillery Pvt. Ltd. has made a significant investment in Mumbai’s luxury residential market by acquiring ten units in Marine Lines, the total transaction value across these deals is Rs 199.35 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR)The transaction was officially registered in January 2025. Marine Lines, one of South Mumbai’s most premium residential neighbourhoods, is known for its high-end apartments, commercial establishments, and proximity to key business hubs like Churchgate and Fort. Overlooking the Arabian Sea, the area features iconic landmarks such as Marine Drive and UNESCO-recognised Art Deco buildings. Well-connected via the Western Railway Line, Eastern Express Highway, and the upcoming Metro Line 3, it offers seamless access across Mumbai. The purchased apartments are located in Prestige Ocean Tower. According to IGR property registration documents reviewed by Square Yards, the 10 transactions involve a total built-up area of 25,650 sq. ft (~2,383 sq. m). The carpet area of each apartment is 2,482 sq. ft (~230.58 sq. m), while the built-up area is 2,565 sq. ft (~238.3 sq. m). The transaction value per unit ranges from Rs 193.9 million to Rs 205.4 million, with the total transaction cost amounting to Rs 1.99 billion. The total stamp duty for the apartments is Rs 119.6 million. Each transaction carries a standard registration fee of Rs 30,000. The purchase includes a total of 30 car parking spaces, with three allocated to each apartment. According to RERA, Prestige Ocean Towers is a newly launched residential project by Prestige Projects Private Limited, spread across 2.3 acres and offering 2 and 3 BHK units. Hermes Distillery Private Limited, established in 2008, is a prominent beverage manufacturer based in Belgaum, Karnataka, India. The company specialises in producing a diverse range of alcoholic beverages, including whisky, vodka, rum, and brandy. It operates from its manufacturing unit located on Ankli-Raibag Road in Raibag, Belgaum.

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..