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

Mumbai-based real estate developer DGS Group's promoters have made a notable purchase, acquiring 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, ranks 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 prestigious building being constructed by Oberoi Realty on the Western Express Highway (WEH) in Goregaon East. The penthouse was purchased by DGS Group's promoters, namely Brahmdev Shukla, Rohan Shukla, and Sourav Shukla, as per the documents.

The triplex penthouse spans the 62nd, 63rd, and 64th floors of the building. The transaction was registered on March 30, 2026, with a stamp duty of ₹3.37 crore and a registration fee of ₹30,000. The purchase also includes eight parking spaces.

This transaction follows a trend of high-value real estate deals in the western suburbs. For instance, 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, making it one of the highest recorded in the area.

Recent noteworthy transactions in Mumbai's real estate market highlight the growing appeal of the western suburbs. 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.

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 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.

Despite these high prices, the highest per sq ft rate ever recorded in Mumbai remains around ₹2.80 lakh per sq ft, achieved by a building named Naman Xana in Worli.

Real estate experts suggest that these transactions indicate a fundamental structural shift rather than isolated outliers. The western suburbs, such as Borivali, Goregaon, and Andheri, 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 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 is prompting a debate over whether suburban markets are beginning to rival established luxury hubs.