Vinay Thakkar, a member of the family of Dinesh Thakkar, founder of listed stockbroking and wealth management firm Angel One, has sold a luxury apartment in Mumbai’s western suburb of Andheri West for Rs 52.48 crore.
The transaction for the 25th floor apartment with RERA carpet area of 3,891 sq ft, along with 409 sq ft of balcony space, is valued at effective carpet area rate of Rs 1.4 lakh per sq ft, ranking among the costliest deal for a residential property on per sq ft basis.
The deal registered on June 20 provides the buyer exclusive four car parking slots in the residential tower, showed registration documents accessed through Zapkey.com.
ET’s email query to Angel One remained unanswered until the time of going to press.
The deal is part of the increasing number of luxury transactions being recorded in the suburban localities in addition to South and Central Mumbai.
High-value deals in Mumbai’s residential market have remained resilient despite elevated interest rates and pricing levels, with demand sustained in specific premium pockets.
Mumbai, the country’s largest and costliest property market, held steady in July as sustained end-user demand and a rising preference for larger, premium homes continued to drive buying activity.
Stable interest levels and ongoing infrastructure upgrades across the city have helped maintain market momentum even after price growth and a rise in ready reckoner rates that kicked in from April 1.
The Maximum City registered 12,510 property deals in July, maintaining the momentum witnessed a year ago, while stamp duty collections rose 5.4% to Rs 1,121 crore, showed data from the Inspector General of Registration (IGR), Maharashtra.
The transaction for the 25th floor apartment with RERA carpet area of 3,891 sq ft, along with 409 sq ft of balcony space, is valued at effective carpet area rate of Rs 1.4 lakh per sq ft, ranking among the costliest deal for a residential property on per sq ft basis.
The deal registered on June 20 provides the buyer exclusive four car parking slots in the residential tower, showed registration documents accessed through Zapkey.com.
ET’s email query to Angel One remained unanswered until the time of going to press.
The deal is part of the increasing number of luxury transactions being recorded in the suburban localities in addition to South and Central Mumbai.
High-value deals in Mumbai’s residential market have remained resilient despite elevated interest rates and pricing levels, with demand sustained in specific premium pockets.
Mumbai, the country’s largest and costliest property market, held steady in July as sustained end-user demand and a rising preference for larger, premium homes continued to drive buying activity.
Stable interest levels and ongoing infrastructure upgrades across the city have helped maintain market momentum even after price growth and a rise in ready reckoner rates that kicked in from April 1.
The Maximum City registered 12,510 property deals in July, maintaining the momentum witnessed a year ago, while stamp duty collections rose 5.4% to Rs 1,121 crore, showed data from the Inspector General of Registration (IGR), Maharashtra.
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