Mumbai Real Estate Milestone: Goregaon Penthouse Sells for ₹55 Crore at ₹64,822 per Sq Ft

An 8,570 sq ft penthouse in Goregaon, Mumbai, has been sold by listed developer Oberoi Realty for ₹55 crore at a per sq ft price of ₹64,822, making it among the highest recorded so far in the western suburbs, according to property registration documents accessed by Zapkey.com.

The penthouse, located in the Oberoi Elysian building on the Western Express Highway (WEH) in Goregaon East, was purchased by Kapila Arora, the promoter of a manufacturing company. According to the documents, the penthouse is located on the 62nd, 63rd, and 64th floors of the building, and the transaction was registered on February 18, 2026.

A stamp duty of ₹2.77 crore and a registration fee of ₹30,000 were paid for the transaction. A 1% discount on stamp duty was availed under the Maharashtra government's incentive for women homebuyers. The penthouse was purchased along with six parking spaces, the documents show.

According to real estate experts, this is one of the highest per sq ft rates for which a residential property was transacted in the history of the western suburbs. In the past, two luxury buildings, including Oberoi Sky City and Aquaria Grande in Borivali, have fetched over ₹50,000 per sq ft. For example, in 2025, Bollywood actor Akshay Kumar sold two apartments in Mumbai's Borivali for ₹7.10 crore at a per sq ft price of over ₹52,000. The two apartments were located in the Oberoi Sky City project.

Sandeep Reddy, co-founder of Zapkey.com, noted, 'This transaction of a penthouse being sold for ₹55 crore is the highest rate (₹64,834/sft) in the particular building and also in the western suburbs at large. The majority of transactions are in the range of ₹42,000 to ₹46,000 per sq ft. However, deals for higher floors (53rd and above), rates are in the range of ₹54,000 to ₹57,000 per sq ft. The second-highest rate is ₹63,609 per sq ft for an apartment measuring 3,042 sq ft on the 58th floor that was sold for ₹19.3 crore.'

This deal highlights the robust demand for high-end properties in Mumbai's western suburbs, driven by factors such as location, brand reputation, and the premium associated with higher floors. Oberoi Realty, a leading developer in Mumbai, has a strong presence in the luxury real estate market, and this transaction further cements its position as a top player in the sector.