Bharat Shah Family Buys Four Luxury Apartments In Worli For Rs1.8 bn

The transactions recorded a per square foot RERA carpet price of Rs0.101 million (mn), with each apartment valued at about Rs448.5 million. The four residences together span 1,770.32 sq m, or approximately 19,056 sq ft, and include a combined RERA carpet area of 1,643.36 sq m and a balcony area of 126.96 sq m. Each flat offers a RERA carpet area of around 410.84 sq m and a balcony of about 31.74 sq m.

The purchases include a total of 16 car parking spaces, allocated as four slots per residence, and stamp duty of Rs89.7 million was paid on the transactions. The registrations benefitted from a one per cent concession in stamp duty under the Maharashtra government policy for female homebuyers because the properties were registered in the names of female purchasers. The documents indicate the deal was recorded on the official date and registered at the stated rates.

Worli continues to command some of the city’s highest residential values owing to uninterrupted sea views, a limited supply of luxury residences and proximity to major commercial hubs such as Bandra-Kurla Complex and Nariman Point. Recent high-value transactions in the neighbourhood have reinforced pricing benchmarks for ultra-luxury stock. An email enquiry was sent to Kalpataru Properties Limited and the buyers could not be reached for comment; the report noted the story may be updated if a response is received.