Abha Gupta and Shrikrishna Gupta, part of the Lloyds Group promoter family, have jointly purchased a sea-view luxury triplex penthouse in Mumbai’s plush Worli locality for over Rs 107.1 crore.
The apartment on the 25th, 26th, and 27th floor of the super-premium tower Sugee Sea Krest on Dr Annie Besant Road is spread over a total carpet area of 13,207 sq ft. The deal values the apartment at Rs 81,133 per sq ft.
The buyers–wife and son of Mukesh Gupta, founder & board member of Lloyds Group–have bought the luxury apartment directly from the developer of the project Sugee Developers.
The family has bought the property for personal use and investment, and has no connect with the Lloyd Group.
The buyers have paid nearly Rs 6.43 crore as stamp duty alone for the registration of the deal that took place on June 27, shows the documents accessed through Zapkey.com.
As part of the deal, the buyers will also get exclusive access to 16 car parking slots in the exclusive tower that is expected to be delivered by December 2027.
ET’s separate email queries to Guptas and Sugee Developers remained unanswered until the time of going to press.
Sales of residential properties across the top eight cities scaled an all-time high in 2023 due to robust demand across mid-income, premium and luxury segments.
Mumbai led the pack as the country’s biggest and most expensive property market as it continued the record-setting spree in terms of property deals with best performance for May with registrations surpassing the 10,000-mark in each of the first five months of 2024. Also, the market has seen year-on-year growth in registrations for ten successive months, starting August 2023.
South and central Mumbai–home to India’s most expensive apartments–has been playing a key role in driving this performance. The micro-market witnessed many large-ticket record-setting transactions involving industrialists, CXOs, actors and sports personalities in the last few years.
