Cable and wire manufacturing company RR Kabel’s promoter and Managing Director Shreegopal Kabra, along with his family members, has purchased two adjacent sea-view luxury apartments in a super-premium residential tower in Mumbai’s plush Worli locality for a total of over Rs 198 crore.
The apartments spread a total of over 13,809 sq ft area in one of the wings of the tower on Dr. Annie Besant Road are on the 62nd floor. Kabra has bought the apartment along with his wife, son, and daughter in law.
Of both the apartments, the first apartment is spread over 7,167 sq ft and this has been acquired by his son Rajesh Kabra along with his wife. This deal has attracted stamp duty of Rs 3.76 crore. The other apartment acquired by Shreegopal Kabra and his wife is spread over 6,642 sq ft and they have paid stamp duty of Rs 3.53 crore for the deal.
The transactions for both the apartments were registered at the same time last week on October 30 and as part of the deal, the family will get exclusive access to a total 10 car parking slots in the tower, showed the documents accessed through IndexTap.com.
ET’s email query to Kabra’s team remained unanswered until the time of going to press.
Residential property sales in the top eight cities have soared to an unprecedented high in 2024 so far, fuelled by strong demand across mid-income, premium, and luxury segments.
Mumbai has been leading the pack as the country’s biggest and most expensive property market as it continued the record-setting spree in terms of property deals.
South and Central Mumbai, home to India’s most expensive apartments, have been playing a key role in driving this performance. The micro markets witnessed many large-ticket transactions involving industrialists, top corporate executives, actors, and sports personalities in the last few years.
