Saugata Gupta, managing director and chief executive officer of Indian multinational consumer goods company Marico, has purchased a luxury apartment in Mumbai’s plush Worli locality for Rs 36.4 crore.
He has bought this apartment spread over nearly 4,372 sq ft built up area on the 24th floor of a super-premium residential project in the area.
His wife and banker Reema Sen and Gupta are joint owners.. The deal values the apartment at Rs 83,264 per sq ft and as part of the deal, the buyers will also get exclusive access to five car parking slots.
The buyers have paid Rs 2.18 crore as stamp duty for the registration of the deal that took place on July 29, showed the documents accessed through Zapkey.com.
ET’s email query to Gupta remained unanswered until the time of going to press, while Birla Estate declined to comment.
Residential property sales in the top eight cities soared to an unprecedented high in 2023, fueled by strong demand across mid-income, premium, and luxury segments.
Mumbai, as the country’s largest and priciest real estate market, spearheaded this trend, breaking new records in property transactions and achieving exceptional performance in July.
The city’s property market saw registration numbers exceed the 10,000 mark every month in the first seven months of 2024. Moreover, the market has maintained robust momentum with year-on-year growth in registrations for 12 consecutive months since August 2023, underscoring sustained buyer confidence and market resilience.
