Mumbai Real Estate: DGS Group Promoters Acquire Triplex Penthouse for ₹56 Crore in Goregaon

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

The penthouse is located in the prestigious Oberoi Elysian, a building being constructed by Oberoi Realty on the Western Express Highway (WEH) in Goregaon East. The property was acquired by DGS Group's promoters, specifically Brahmdev Shukla, Rohan Shukla, and Sourav Shukla. The transaction was registered on March 30, 2026.

The penthouse spans three floors—the 62nd, 63rd, and 64th—offering panoramic views of the city. The purchase includes eight parking spaces, further enhancing the property's value. A stamp duty of ₹3.37 crore and a registration fee of ₹30,000 were paid for the transaction.

This acquisition is not an isolated incident. In February 2026, Kapila Arora, the promoter of a manufacturing company, purchased an 8,570 sq ft penthouse in the same building for ₹55 crore at a per sq ft price of ₹64,822, setting a high standard for property prices in the western suburbs.

The growing trend of high-value transactions in the western suburbs of Mumbai, including areas like Goregaon, Borivali, and Andheri, is indicative of a fundamental shift in the real estate market. These areas are increasingly approaching benchmarks traditionally associated with South Mumbai and premium locations like Worli, Bandra, and Juhu. While the average per sq ft price in the suburbs remains lower than in these prime areas, the gap has narrowed significantly for Grade-A residential projects.

Real estate experts attribute this trend to the development of infrastructure, the availability of large plots, and the increasing demand for luxury living in suburban areas. Branded developers like Oberoi Realty are playing a crucial role in transforming these suburbs into desirable residential hubs.

For instance, in November 2025, DLF sold an apartment of over 2,000 sq ft in The West Park project in Andheri for over ₹70,000 per sq ft. Similarly, 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. In the same year, Bollywood actor Akshay Kumar sold his apartment in the Oberoi Sky City building in Borivali for over ₹50,000 per sq ft. 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 suggest that these areas are rapidly catching up with established luxury hubs.

This trend is not just about individual high-value transactions but represents a broader shift in the real estate market. As more branded developers invest in the western suburbs, these areas are becoming increasingly attractive for high-net-worth individuals and luxury buyers. The DGS Group's acquisition of the triplex penthouse in Goregaon is a clear indicator of this growing trend and the potential for further development in the region.