DGS Group Promoters Acquire Triplex Penthouse in Mumbai's Goregaon for ₹56 Crore

Mumbai-based real estate developer DGS Group's promoters have made a significant investment in the luxury real estate market by purchasing a triplex penthouse measuring 8,561 sq ft in Mumbai's Goregaon. The transaction, valued at ₹56.28 crore, translates to over ₹65,700 per sq ft, among the highest per sq ft rates in the western suburbs, according to property registration documents by Zapkey.com.

The penthouse is located in Oberoi Elysian, a high-end building being constructed by Oberoi Realty on the Western Express Highway (WEH) in Goregaon East. The penthouse spans the 62nd, 63rd, and 64th floors of the building. The purchase was registered on March 30, 2026, and was made by DGS Group's promoters, Brahmdev Shukla, Rohan Shukla, and Sourav Shukla.

The transaction involved a stamp duty of ₹3.37 crore and a registration fee of ₹30,000. Additionally, the penthouse was purchased along with eight parking spaces, enhancing its appeal and value.

This purchase comes on the heels of another significant transaction in the same building. In February 2026, Kapila Arora, the promoter of a manufacturing company, purchased an 8,570 sq ft penthouse in Oberoi Elysian for ₹55 crore, at a per sq ft price of ₹64,822, which was also among the highest recorded in the western suburbs.

The luxury real estate market in Mumbai's western suburbs is witnessing a surge in high-value transactions. Recent noteworthy deals include DLF selling an apartment of over 2,000 sq ft in The West Park project in Andheri for over ₹70,000 per sq ft in November 2025. In February 2026, Oberoi Realty sold an over 8,500 sq ft penthouse in its Oberoi Garden City project in Goregaon for over ₹64,000 per sq ft.

Bollywood actor Akshay Kumar also contributed to this trend by selling his apartment in the Oberoi Sky City building in Borivali for over ₹50,000 per sq ft in the same year. In 2024, a 4 BHK luxury apartment in the Aquaria Grande building by Wadhwa was sold for ₹14 crore, at a per sq ft rate of ₹56,000.

The highest per sq ft rate ever recorded in Mumbai to date is around ₹2.80 lakh per sq ft for a building named Naman Xana in Worli. However, the recent transactions in the western suburbs are beginning to rival the benchmarks traditionally associated with South Mumbai and premium locations like Worli, Bandra, and Juhu.

According to real estate experts, these transactions signify a fundamental structural shift in the market rather than isolated outliers. While the average per sq ft price in the suburbs remains significantly lower than in South Mumbai and prime areas like Worli, Bandra, and Juhu, the gap has narrowed for Grade-A residential projects in the western suburbs.

This trend highlights the growing appeal of the western suburbs for luxury real estate, driven by factors such as improved infrastructure, connectivity, and the presence of high-end developments by reputable builders like Oberoi Realty and DLF.