+
Hermes Distillery Acquires Multiple Residential Units: Square Yards
Real Estate

Hermes Distillery Acquires Multiple Residential Units: Square Yards

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.

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.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?