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
Infrastructure Urban

Foxconn Invests Rs 125 Bn to Expand India Operations

Hon Hai Precision Industry Co., better known as Foxconn and the main assembler of Apple’s iPhones, is strengthening its footprint in India with a fresh investment of USD 1.5 billion (around Rs 125 billion) into its local subsidiary. The funding, channelled through Foxconn’s Singapore-based arm, was disclosed in a regulatory filing and is set to fast-track the company’s manufacturing expansion in southern India.This strategic move is part of Apple’s ongoing effort to diversify its global supply chain and reduce its dependence on China, amid rising trade tensions and tariff threats betwe..

Next Story
Infrastructure Transport

MahaMetro To Procure 300 Buses for Metro Connectivity

In a significant move to improve last- and first-mile connectivity, MahaMetro is finalising the Detailed Project Report (DPR) for the procurement of 300 feeder buses to serve Metro corridors in Nagpur. Officials confirmed that the report will be submitted to the Maharashtra government within a month for approval.A senior MahaMetro official stated that the state government will first assess the financial viability and other essential aspects of the project. Depending on its decision, the proposal may then be forwarded to the Union government for final clearance.This initiative is part of broade..

Next Story
Infrastructure Transport

AIIB Eyes Funding for AP Metro Projects

The Asian Infrastructure Investment Bank (AIIB) has expressed interest in financing Phase I of the metro rail projects in Visakhapatnam and Vijayawada.Officials from AIIB recently met with Andhra Pradesh Metro Rail Corporation Ltd (APMRCL) Managing Director NP Rama Krishna Reddy and other senior representatives to discuss potential funding options. The team also conducted site inspections along key metro corridors in Vijayawada.The total estimated cost for both projects is Rs 120 billion—Rs 61 billion for Visakhapatnam and Rs 59 billion for Vijayawada. AIIB has proposed attractive loan terms..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?