Mumbai's Pali Hill Witnesses Luxury Real Estate Deal of the Year
Ashar Group sells triplex unit for Rs 172 cr at Rs 1.81 lakh per sq ft, setting a new benchmark in Mumbai's real estate market
Mumbai Real EstateLuxury ApartmentsPali HillAshar GroupApco InfratechReal Estate MumbaiJul 25, 2024
The project, which is a redevelopment of the late actor Dilip Kumar's residence, has been registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA). The buyer paid a stamp duty of Rs 9.30 crore on the transaction, which was registered on July 23.
The Legend by Ashar is an 11-storey building, with the triplex unit spread across the top three floors. The project is expected to hand over possession of the apartments by the end of 2027.
Pali Hill has been a hotspot for luxury real estate deals and redevelopment projects. Earlier this month, cricketer-actor couple KL Rahul and Athiya Shetty purchased a Rs 20 crore-apartment in the area.
Information
Ashar Group is a prominent real estate developer in Mumbai, known for its luxury projects in the city. Apco Infratech is an infrastructure development company that has been involved in several high-end projects in Mumbai.
Ashar Group is a leading real estate developer in Mumbai, with a portfolio of luxury projects that embody the city's spirit of innovation and progress. With a focus on creating exceptional living spaces, Ashar Group has established itself as a trusted name in the industry.
Apco Infratech is a reputed infrastructure development company that has made a mark in Mumbai's real estate landscape. With a commitment to quality and innovation, Apco Infratech has developed several landmark projects in the city.
Frequently Asked Questions
What is the per square foot rate of the triplex unit sold by Ashar Group?
Rs 1,81,000 per square foot.
Who is the buyer of the triplex unit?
Apco Infratech.
What is the total value of the transaction?
Rs 172 crore.
When is the expected possession date of the project?
End of 2027.
What is the location of the project?
Pali Hill, Bandra, Mumbai.
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