Macrotech Developers Sells 15,000 Sq Ft Luxury Flat in Mumbai for Rs 187.47 Crore
Macrotech Developers, a prominent real estate developer in India, has sold a sprawling 15,000 sq ft luxury apartment in Worli, Mumbai, to SR Menon Properties for Rs 187.47 crore, marking a significant transaction in the luxury real estate market.
Luxury Real EstateMacrotech DevelopersSr Menon PropertiesMumbaiPremium PropertiesReal Estate MumbaiMar 18, 2025
Macrotech Developers, known for its high-profile projects across India, has been a key player in the luxury real estate segment. The company has consistently delivered high-quality residential and commercial developments, and this sale underscores its strong market position and the appeal of its properties.
The apartment, located in one of Mumbai's most sought-after neighborhoods, Worli, is a testament to the city's enduring status as a hub for luxury living. Worli, with its proximity to key business districts and expansive sea views, has long been a favorite among the affluent and influential.
SR Menon Properties, the buyer, is a well-established player in the real estate market with a portfolio of successful projects. The acquisition of this luxury flat aligns with their strategy to expand their footprint in premium residential segments. This purchase is not just a financial investment but also a strategic move to enhance their brand and market presence.
The sale price of Rs 187.47 crore for a 15,000 sq ft apartment translates to a per sq ft rate of approximately Rs 12,500. While this might seem steep, it reflects the premium value of properties in Worli, where luxury and exclusivity are paramount. The deal also underscores the resilience of the luxury real estate market in Mumbai, which has shown consistent growth despite economic uncertainties.
Analysts and industry experts have noted that this transaction is indicative of the strong demand for high-end properties, driven by factors such as wealth accumulation, lifestyle aspirations, and a willingness to invest in prime locations. The luxury real estate market in Mumbai, in particular, has been resilient, with properties in prestigious areas like Worli, Malabar Hill, and Bandra commanding premium prices.
Macrotech Developers, founded in 1983, has a legacy of delivering projects that set new benchmarks in design, quality, and sustainability. The company's commitment to excellence has earned it a reputation as a trusted and innovative developer. This sale further cements their position as a leader in the luxury real estate sector.
For SR Menon Properties, this acquisition represents a significant addition to their portfolio. The company, known for its meticulous attention to detail and high standards, is expected to leverage this opportunity to create a unique and luxurious living experience for its future residents.
In conclusion, the sale of this luxury apartment by Macrotech Developers to SR Menon Properties for Rs 187.47 crore is a landmark transaction that highlights the enduring appeal of premium real estate in Mumbai. As the city continues to attract investment and development, properties in prime locations like Worli are likely to retain their value and appeal to discerning buyers.
Frequently Asked Questions
What is the sale price of the luxury flat sold by Macrotech Developers?
The luxury flat sold by Macrotech Developers was sold for Rs 187.47 crore.
Where is the luxury flat located?
The luxury flat is located in Worli, Mumbai.
Who is the buyer of the luxury flat?
The buyer of the luxury flat is SR Menon Properties.
What is the significance of this transaction in the real estate market?
This transaction is significant as it highlights the robust demand for premium residential properties in Mumbai's prime locations and underscores the resilience of the luxury real estate market.
What is the per sq ft rate of the luxury flat sold by Macrotech Developers?
The per sq ft rate of the luxury flat sold by Macrotech Developers is approximately Rs 12,500.
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