Luxury Real Estate Thrives: Lloyds Group Promoters Acquire 6 Flats at Kalpataru Prive, Tardeo for ₹227 Crores
The luxury real estate market in Mumbai continues to surge, with Lloyds Group promoters recently acquiring six flats at Kalpataru Prive, Tardeo, for a staggering ₹227 Crores. The deal, facilitated by M/s Solicis Lex Advisory, highlights the growing demand for high-end properties in premium locations.
Luxury Real EstateHighend PropertiesMumbai Real EstateKalpataru PriveLloyds GroupReal Estate NewsJul 23, 2025
One such high-value transaction has been recently concluded between Kalpataru and the directors of Lloyds Group. Lloyds Group's promoter family purchased six flats in Tardeo's Kalpataru Prive, located on the prestigious 'Billionaires' Street, for ₹227 Crores. The deal was facilitated by M/s Solicis Lex Advisory, Advocates and Solicitors, and was concluded in a record 3 days.
Speaking to Managing Partner, Adv. Ameet Mehta, he stated that the luxury market is a very niche market. According to him, the booming infrastructure, fast-track connectivity such as coastal roads, luxury amenities, and premium locations are contributing to this surge. The present project of Kalpataru Prive is developed by Kalpataru Hills Residency Pvt Ltd on Altamount Road, and the transaction involved six flats spanning 27 BHKs spread across the 18th to the 23rd floors, along with 4 floors of parking.
Kalpataru Prive, known for its ultra-luxury homes, is located on Altamount Road, a street synonymous with high-net-worth individuals and high-end residences. The project has been meticulously designed to cater to the needs of the elite, offering top-tier amenities and unparalleled living experiences.
Adv. Yesha Shah, who worked specifically on this transaction, stated that the total carpet area of the six apartments is 17,908 sq ft, translating to a record Rs 1.26 lakhs per sq ft. The building also accommodates personal 24 car parking spaces, further enhancing its appeal to luxury buyers.
This deal underscores the robust demand for premium real estate in Mumbai, particularly in locations like Tardeo and Altamount Road, which are known for their exclusivity and luxury. As the city continues to develop and improve its infrastructure, the appeal of these high-end properties is likely to grow, attracting more investors and buyers to the market.
Frequently Asked Questions
What is the significance of the deal between Lloyds Group and Kalpataru Prive?
The deal is significant because it highlights the growing demand for high-end properties in Mumbai. Lloyds Group's promoter family purchased six flats at Kalpataru Prive for ₹227 Crores, reflecting the strength of the luxury real estate market and the appeal of premium locations like Tardeo.
Who facilitated the transaction between Lloyds Group and Kalpataru Prive?
The transaction was facilitated by M/s Solicis Lex Advisory, Advocates and Solicitors, who completed the deal in a record 3 days.
What are the key features of Kalpataru Prive?
Kalpataru Prive is known for its ultra-luxury homes and is located on Altamount Road, a prestigious street in Mumbai. The project includes six flats spanning 27 BHKs, spread across the 18th to the 23rd floors, with 4 floors of parking and a total carpet area of 17,908 sq ft.
Why is Altamount Road considered a prime location for luxury real estate?
Altamount Road is known for its exclusivity and is home to high-net-worth individuals and high-end residences. It is often referred to as Mumbai's Billionaires' club, making it a prime location for luxury real estate.
What factors are contributing to the surge in luxury real estate deals in Mumbai?
The surge in luxury real estate deals is attributed to the booming infrastructure, fast-track connectivity such as coastal roads, luxury amenities, and premium locations. These factors are making high-end properties in Mumbai increasingly attractive to investors and buyers.
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