Marico's Priyanjali Mariwala buys Rs 650 million flat in Mumbai?s BKC
Real Estate

Marico's Priyanjali Mariwala buys Rs 650 million flat in Mumbai?s BKC

Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai?s Bandra-Kurla Complex (BKC) for Rs 650 million. She acquired the nearly 8,300 sq ft apartment on the first floor of the super-premium residential tower Signature Island from Starlight Systems, part of the project?s developer, Sunteck Realty.

Given the apartment's location on the lower floor, the deal values the property at Rs 78,690 per sq ft. The transaction includes exclusive access to four car parking slots. Mariwala paid a stamp duty of Rs 32.6 million for the registration of the deal, which was sealed on July 1, as shown by Zapkey.com documents.

In 2021, the Maharashtra government announced a 1% concession on prevailing stamp duty for women homebuyers, reducing the charge to 5% for female buyers in Mumbai.

Priyanjali Mariwala, wife of Rishabh Mariwala, leads the ASCENT Foundation, a non-profit organisation founded by Marico Chairman Harsh Mariwala. The foundation supports high-potential, growth-ready entrepreneurs to scale their enterprises and enhance their entrepreneurial journeys.

The source?s email queries to Mariwala and Sunteck Realty went unanswered at the time of publication. Several notable figures from the corporate world, Bollywood, and the banking sector have purchased apartments in this residential project. Among the buyers are Uday Kotak, Gautam Adani, Vikram Pandit, Gunit Chaddha, Mihir Doshi, actress Aishwarya Rai Bachchan, Ashok Wadhwa, and Sonam Kapoor.

In 2021, Abbott Healthcare leased a 5,000 sq ft apartment in this tower for a monthly rental of around Rs 100,000. The total lease tenure of 36 months amounted to over Rs 36 million. The luxury apartment was intended for a CXO of the company, given its proximity to their corporate office. Current lease rentals in this tower range around Rs 150,000 per month for a smaller duplex and Rs 200,000 for a larger duplex apartment.

(Source: ET)

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Priyanjali Mariwala, from the promoter family of consumer goods company Marico, has purchased a luxury apartment in Mumbai?s Bandra-Kurla Complex (BKC) for Rs 650 million. She acquired the nearly 8,300 sq ft apartment on the first floor of the super-premium residential tower Signature Island from Starlight Systems, part of the project?s developer, Sunteck Realty. Given the apartment's location on the lower floor, the deal values the property at Rs 78,690 per sq ft. The transaction includes exclusive access to four car parking slots. Mariwala paid a stamp duty of Rs 32.6 million for the registration of the deal, which was sealed on July 1, as shown by Zapkey.com documents. In 2021, the Maharashtra government announced a 1% concession on prevailing stamp duty for women homebuyers, reducing the charge to 5% for female buyers in Mumbai. Priyanjali Mariwala, wife of Rishabh Mariwala, leads the ASCENT Foundation, a non-profit organisation founded by Marico Chairman Harsh Mariwala. The foundation supports high-potential, growth-ready entrepreneurs to scale their enterprises and enhance their entrepreneurial journeys. The source?s email queries to Mariwala and Sunteck Realty went unanswered at the time of publication. Several notable figures from the corporate world, Bollywood, and the banking sector have purchased apartments in this residential project. Among the buyers are Uday Kotak, Gautam Adani, Vikram Pandit, Gunit Chaddha, Mihir Doshi, actress Aishwarya Rai Bachchan, Ashok Wadhwa, and Sonam Kapoor. In 2021, Abbott Healthcare leased a 5,000 sq ft apartment in this tower for a monthly rental of around Rs 100,000. The total lease tenure of 36 months amounted to over Rs 36 million. The luxury apartment was intended for a CXO of the company, given its proximity to their corporate office. Current lease rentals in this tower range around Rs 150,000 per month for a smaller duplex and Rs 200,000 for a larger duplex apartment. (Source: ET)

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?