Mumbai's Luxury Real Estate Market Hits New Heights with Apco Infratech's Record-Breaking Deal
Apco Infratech sets a new benchmark in Mumbai's luxury real estate market with its purchase of a Rs 155 crore sea-view triplex in Pali Hill, Bandra.
Luxury Real EstateMumbai Property MarketApco InfratechAshar GroupResidential Property SalesReal Estate PuneJul 25, 2024
Apco Infratech has established itself as a prominent player in the infrastructure development sector, with an extensive portfolio of 11 Design Build Finance Operate and Transfer (DBFOT) projects. The company manages multiple highways projects across India and in Nepal, and has recently secured contracts for two packages of the Mumbai Coastal Road North Project.
The sale of this luxurious triplex apartment is indicative of the booming residential property market in India, particularly in Mumbai. The city has led the surge in property deal registrations, surpassing the 10,000-mark each month for the first six months of 2024. This growth can be attributed to strong demand in the mid-income, premium, and luxury segments.
Information Apco Infratech is a leading highways and urban infrastructure developer, with a strong presence in India and Nepal. The company has a proven track record of delivering high-quality infrastructure projects, and has established itself as a trusted partner in the sector.
Ashar Group is a renowned real estate developer, known for its luxury residential projects in Mumbai. The company has developed several iconic projects in the city, and has earned a reputation for its commitment to quality and excellence.
The Mumbai real estate market has been on an upward trajectory, driven by strong demand and limited supply. The city's luxury real estate segment has been particularly buoyant, with high net worth individuals and celebrities vying for a piece of the action. Apco Infratech's record-breaking deal is a testament to the sector's resilience and growth potential.
Frequently Asked Questions
What is the value of the triplex apartment purchased by Apco Infratech?
The triplex apartment purchased by Apco Infratech is valued at Rs 155 crore.
Where is the triplex apartment located?
The triplex apartment is located in Pali Hill, Bandra, Mumbai.
Who developed the residential project that the triplex apartment is a part of?
The residential project was developed by Ashar Group.
What is the size of the triplex apartment?
The triplex apartment spans 9,527 sqft.
What is the per sq ft value of the triplex apartment?
The per sq ft value of the triplex apartment is Rs 1.62 lakh.
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