Piramal Realty Sells Premium Sea-Facing Penthouse and Duplexes for Over ₹100 Crore
Piramal Realty, a leading real estate developer, has announced the sale of a luxurious sea-facing penthouse and two duplex apartments for over ₹100 crore to a single undisclosed buyer at its flagship project, Piramal Mahalaxmi in South Mumbai.
Piramal RealtyLuxury Real EstateSouth MumbaiHighnetworth IndividualsReal Estate DevelopmentReal EstateJul 11, 2025
In a statement on Thursday, the company confirmed that the deal was finalized for three premium units spanning more than 13,000 sq ft of carpet area, located on the highest floors of one of its residential towers. These exclusive residences offer panoramic views of the Arabian Sea and the iconic 225-acre Mahalaxmi Racecourse, making them among the most coveted addresses in South Mumbai.
Founded in 2012, Piramal Realty is the real estate development arm of Piramal Group, one of the leading real estate developers in the country. It has 13 million sq ft of residential real estate under development in the Mumbai Metropolitan Region (MMR).
“We have completed the sale of a penthouse and duplex apartments worth over ₹100 crore in a single transaction at Piramal Mahalaxmi,” Piramal Realty said in its official statement.
Located in South Mumbai's Mahalaxmi neighborhood, Piramal Mahalaxmi is a marquee development that has attracted a mix of industrialists, entrepreneurs, and NRIs. With its expansive views, modern amenities, and strategic location, the project continues to set new benchmarks for premium urban living in India’s financial capital. The company's portfolio includes residential and commercial developments in locations such as Byculla, Mulund, Kurla, and Mahalaxmi.
The tower that houses these newly sold units is designed to provide both privacy and elevation, with upper-floor residences tailored for high-net-worth individuals seeking a mix of exclusivity and elegance. This transaction underscores the strong demand for luxury real estate in prime locations and highlights the company's ability to deliver high-quality, premium properties that meet the expectations of discerning buyers.
Frequently Asked Questions
What is Piramal Mahalaxmi?
Piramal Mahalaxmi is a flagship residential project by Piramal Realty located in South Mumbai's Mahalaxmi neighborhood. It is known for its luxurious apartments, expansive views, and strategic location, making it one of the most coveted addresses in the city.
How much did the penthouse and duplexes sell for?
The sea-facing penthouse and two duplex apartments at Piramal Mahalaxmi were sold for over ₹100 crore in a single transaction.
What features do the sold units have?
The sold units span more than 13,000 sq ft of carpet area and are located on the highest floors of the residential tower. They offer panoramic views of the Arabian Sea and the Mahalaxmi Racecourse, providing both privacy and elevation.
Who is the buyer of these luxury units?
The buyer of the luxury units at Piramal Mahalaxmi is an undisclosed individual. The transaction highlights the strong demand for premium real estate in South Mumbai.
What other projects does Piramal Realty have in Mumbai?
Piramal Realty has a diverse portfolio of residential and commercial developments in various locations in Mumbai, including Byculla, Mulund, Kurla, and Mahalaxmi. These projects are known for their high-quality construction and premium amenities.
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