Lloyd's Promoter's Family Purchases Mumbai Worli Apartment for Rs.107 Crore

15 Jul 2024 CW Team

In a notable transaction in Mumbai's real estate market, the family of a prominent Lloyd's promoter has acquired a luxurious apartment in Worli for ?107 crore. This purchase underscores the demand for high-end residential properties in prime locations like Worli, known for its scenic views and proximity to commercial hubs.

The apartment, situated in one of Worli's prestigious residential complexes, offers expansive living spaces and top-notch amenities, catering to the upscale lifestyle preferences of affluent buyers. The transaction highlights the resilience of Mumbai's luxury real estate segment, where properties in sought-after locations continue to attract significant investments despite market fluctuations.

Worli, known for its vibrant social infrastructure and connectivity advantages, remains a coveted address among high-net-worth individuals and prominent personalities. The area's appeal lies in its blend of modern conveniences, cultural richness, and panoramic vistas of the Arabian Sea.

The purchase of this apartment by the Lloyd's promoter's family not only signifies a substantial investment in Mumbai's real estate but also underscores confidence in the city's property market resilience and long-term growth prospects. Such transactions often set benchmarks in the local real estate sector, influencing market dynamics and buyer sentiments.

Overall, the acquisition of the ?107 crore apartment in Worli reflects the ongoing allure of Mumbai's luxury residential market, where prime properties continue to command premium prices and attract discerning buyers seeking exclusivity, comfort, and prestige.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..