Pharma company Althera's CEO has made a significant investment in the South Mumbai real estate market, purchasing three luxury apartments in the prestigious Raheja Modern Vivarea for over ₹72 crore.
Mumbai Real EstateLuxury ApartmentsAltheraSouth MumbaiHigh Net Worth InvestorsReal Estate MumbaiMar 26, 2025
The CEO of Althera invested over ₹72 crore in three luxury apartments in the Raheja Modern Vivarea in South Mumbai.
The Raheja Modern Vivarea is located in South Mumbai, a prime location known for its premium amenities and high standard of living.
The Raheja Modern Vivarea offers state-of-the-art facilities including a swimming pool, gym, and clubhouse, making it an attractive choice for luxury living.
South Mumbai is a preferred location for luxury real estate investments due to its central location, well-connected infrastructure, and premium lifestyle offerings, which attract high net worth individuals.
The CEO's investment in luxury real estate in South Mumbai indicates strong market confidence and the potential for capital appreciation in the high-end segment of the real estate market.
The government may address concerns over the Budget proposal to revise taxation of long-term capital gains (LTCG) from real estate transactions by offering reliefs.
Mumbai's real estate market has seen over 10,000 property registrations monthly in 2024, with buyers showing strong confidence in premium properties.
President Donald Trump announced that India has agreed to reduce tariffs on US goods after the United States introduced reciprocal trade measures. The move is expected to ease trade tensions between the two nations.
The real estate market has shown remarkable resilience since the onset of the COVID-19 pandemic, but experts are voicing concerns over the shrinking affordable housing sector and the challenges faced by the high-end ₹10-50 crore segment.
PropEquity's latest report reveals a significant downturn in India's housing market, with sales plummeting by 23% in the first quarter of 2025. However, two major metropolitan cities have shown a surprising 10% increase in sales.
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