Mumbai Real Estate News: Ex-HDFC Bank Deputy MD Buys ₹52.49 Crore Apartment in Worli
Former HDFC Bank Deputy Managing Director Paresh Sukthankar has made a significant investment in the luxury real estate market by purchasing a high-value apartment in Worli's Prestige Nautilus.
Mumbai Real EstateLuxury ApartmentParesh SukthankarPrestige NautilusHighvalue DealReal Estate NewsSep 11, 2025
The apartment, Unit 3801, is located on the 38th floor of Tower N1, Wing F. It spans a RERA carpet area of 4,378 sq ft and a total carpet area of 5,249 sq ft. The transaction also includes four car parking spaces.
The effective rate works out to Rs 1.19 lakh per sq ft on RERA carpet area and Rs 1 lakh per sq ft on the overall carpet area.
Sukthankar, who is now the founder and lead partner at Sanaksh Advisors LLP, has joined the growing list of high-profile buyers driving luxury real estate transactions in Mumbai’s premium residential market.
Prestige Nautilus, located in Worli, is a premier residential project that offers a mix of luxury and convenience. The development is known for its high-end amenities and prime location, making it a popular choice for affluent buyers. The project includes state-of-the-art facilities such as a gym, swimming pool, and landscaped gardens, ensuring a premium living experience.
The purchase by Paresh Sukthankar highlights the continued interest in luxury real estate in Mumbai, particularly in areas like Worli, which are known for their strategic location and access to key business districts. This transaction is a testament to the resilience of the luxury property market, even in the face of economic challenges.
For those interested in exploring luxury property options in Mumbai and its surrounding regions, platforms like BudgetProperties.in provide exclusive and budget-friendly deals, catering to a wide range of buyers.
The real estate market in Mumbai has seen a resurgence in recent years, driven by a combination of economic growth, urban development, and the influx of high-net-worth individuals. Projects like Prestige Nautilus are at the forefront of this trend, offering a blend of modern living and luxury amenities that cater to the discerning tastes of premium buyers.
Paresh Sukthankar’s acquisition of this luxury apartment underscores the confidence in the Mumbai real estate market and the ongoing demand for high-quality residential properties. As more high-profile individuals continue to invest in such properties, the luxury real estate sector is expected to remain robust and attract further interest from both domestic and international buyers.
Frequently Asked Questions
What is the value of the apartment purchased by Paresh Sukthankar?
The apartment purchased by Paresh Sukthankar is worth Rs 52.49 crore.
Where is the apartment located?
The apartment is located at Prestige Nautilus in Worli, Mumbai.
What is the carpet area of the apartment?
The apartment has a RERA carpet area of 4,378 sq ft and a total carpet area of 5,249 sq ft.
What is the rate per square foot for the apartment?
The effective rate works out to Rs 1.19 lakh per sq ft on RERA carpet area and Rs 1 lakh per sq ft on the overall carpet area.
What is Paresh Sukthankar's current role?
Paresh Sukthankar is currently the founder and lead partner at Sanaksh Advisors LLP.
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