Former HDFC Bank Executive Buys ₹52.49 Crore Luxury Apartment in Mumbai’s Worli
Former HDFC Bank deputy managing director Paresh Sukthankar has made a significant real estate investment by purchasing a luxury apartment in Mumbai’s prestigious Worli area for ₹52.49 crore.
MumbaiReal EstateLuxury ApartmentWorliHdfc BankReal EstateSep 12, 2025
The apartment, with a RERA carpet area of 4,378 sq ft, was purchased at ₹1.19 lakh per sq ft. The transaction, registered on September 3, 2025, included four car parking spaces. A stamp duty of ₹3.14 crore and registration fees of ₹30,000 were paid as part of the deal.
Prestige Nautilus is known for its high-end amenities and prime location, offering residents a luxurious lifestyle in the heart of Mumbai. The project has been a popular choice for high-net-worth individuals looking to invest in premium real estate.
Worli is among Mumbai’s most sought-after luxury residential markets, renowned for its upscale high-rises and sea-facing apartments. The area has seen a flurry of high-value transactions in recent years, with projects such as Palais Royale, Naman Xana, Lodha Sea Face, and Oberoi Three Sixty West making headlines.
One of the most notable deals in Worli was the purchase of two ultra-luxury, sea-facing duplex apartments by Leena Gandhi Tewari, chairperson of pharmaceutical giant USV, in May 2025. The apartments, valued at ₹639 crore including taxes, set a new national record for the most expensive residential property deal in India, with a per square foot rate of nearly ₹3 lakh.
Other high-profile transactions in the area include the purchase of a luxury apartment worth ₹131 crore by Pradeep Navratna Gupta, co-founder and vice chairman of Anand Rathi Wealth, and his wife Preeti Gupta, in August 2025. Earlier this year, Amit Rathi, co-founder of QiCAP.AI, also purchased a luxury apartment in India’s tallest building, Palais Royale, for ₹89.91 crore.
These transactions highlight the continued surge in the ultra-luxury real estate market in Mumbai, particularly in areas like Worli, which offer a combination of prime location, high-end amenities, and a prestigious lifestyle. The market continues to attract both domestic and international investors looking to capitalize on the growing demand for premium real estate in the financial capital of India.
Frequently Asked Questions
Who is Paresh Sukthankar?
Paresh Sukthankar is a former deputy managing director of HDFC Bank, one of India's leading financial institutions.
What is the value of the apartment purchased by Paresh Sukthankar?
Paresh Sukthankar purchased the luxury apartment in Worli for ₹52.49 crore.
Where is the apartment located?
The apartment is located in Prestige Nautilus, a premium project in Mumbai’s Worli area, developed by Prestige Estates.
What is the per square foot rate of the apartment?
The apartment was purchased at ₹1.19 lakh per sq ft.
What other notable real estate transactions have occurred in Worli recently?
Other notable transactions include the purchase of two ultra-luxury, sea-facing duplex apartments by Leena Gandhi Tewari for ₹639 crore, and a luxury apartment worth ₹131 crore by Pradeep Navratna Gupta and his wife Preeti Gupta.
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