Shreyas Iyer and Mother Invest in Luxurious 525 Sqft Apartment in Mumbai for Rs 2.9 Crore
Indian cricketer Shreyas Iyer and his mother Rohini Iyer have purchased a new residential property in Mumbai's Worli area for Rs 2.9 crore.
Shreyas IyerMumbai Real EstateLuxury ApartmentsOberoi RealtyMacrotech DevelopersReal Estate MumbaiSep 27, 2024
Iyer and his mother purchased the apartment at a rate of Rs 55,238 per sq ft. The duo paid a stamp duty of Rs 17.40 lakh and Rs 30,000 as registration charges for the transaction carried out on September 19.
This is not the only property Shreyas Iyer owns in Mumbai. The batter has an apartment in Lodha World Towers– one of the tallest buildings in the city. Back in September 2020, Iyer purchased a 2,380 sq ft apartment on the 48th floor of The World Towers from the Macrotech Developers.
According to the documents, the deal also included the ownership of three parking spaces. In July this year, Shreyas Iyer acquired an income-yielding commercial property in Mumbai for Rs 2.9 crore. Iyer purchased the 510 sq ft property at a rate of Rs 56,863 per sq ft.
The cost of luxury apartments in Worli ranges from Rs 1 lakh to Rs 1.5 lakh per sq ft. Several top-tier real estate developers including Oberoi Realty and Macrotech Developers (Lodha) currently lead the micro market of the neighbourhood.
In May, Oberoi announced that they would redevelop seven old buildings in the Adarsh Nagar area. The company received a 6.24 lakh sq ft RERA carpet which they could sell in the open market.
Shreyas Iyer was last seen in action in the recently concluded Duleep Trophy. He has been selected in the Mumbai squad, set to feature in the Irani Cup under the captaincy of Ajinkya Rahane. Iyer will look to make a strong statement in the Domestic tournament as he seeks to recapture his place in the Indian team.
Oberoi Realty is a leading real estate developer in India, known for its luxurious residential and commercial projects. The company has developed several iconic projects in Mumbai, including the Oberoi Esquire and the Oberoi Realty Mall.
Macrotech Developers, formerly known as Lodha Developers, is another prominent real estate developer in India. The company has developed several large-scale residential and commercial projects in Mumbai, including the Lodha World Towers.
About the Author
The article is written by a team of writers and reporters who decode vast terms of personal finance and making money matters simpler for readers. From latest initial public offerings to investment strategies, the team provides insights and analysis on various aspects of personal finance.
Frequently Asked Questions
How much did Shreyas Iyer pay for the apartment?
Shreyas Iyer paid Rs 2.9 crore for the 525 sq ft apartment.
Where is the apartment located?
The apartment is located in Worli's Adarsh Nagar area, Mumbai.
What is the rate per sq ft of the apartment?
The rate per sq ft of the apartment is Rs 55,238.
Does Shreyas Iyer own any other property in Mumbai?
Yes, Shreyas Iyer owns an apartment in Lodha World Towers, one of the tallest buildings in the city.
Who are the top-tier real estate developers in Worli?
Several top-tier real estate developers, including Oberoi Realty and Macrotech Developers (Lodha), currently lead the micro market of the neighbourhood.
Related News Articles
Mumbai Real Estate Developer and CEO Embroiled in ₹13.65 Crore Fraud Case
A Mumbai-based real estate developer and CEO have been booked for allegedly forging documents and duping a partner of ₹13.65 crore in a Bhandup land deal.
Mumbai Property Registration Revenue Surges 52% YoY to Rs 1,081 Crore This Diwali
According to data from the Inspector General of Registration (IGR), Maharashtra, property registrations in Mumbai witnessed a remarkable 22% year-over-year increase, with 11,861 homes registered in October 2024, compared to 9,736 in November 2023.
AI Bubble Deflating: Zoho's Sridhar Vembu Stresses Importance of Real Engineering Work
Zoho CEO Sridhar Vembu discusses the potential deflation of the AI bubble and emphasizes the enduring importance of real engineering work in the tech industry.
ED Seizes ₹19.61 Crore from Karrm Developers Linked to Vivek Oberoi in Real Estate Scandal
The Enforcement Directorate (ED) in Mumbai has taken action against Karrm Developers, a real estate firm associated with actor Vivek Oberoi, by seizing assets worth ₹19.61 crore. The action is part of an ongoing investigation into financial misconduct in the affordable housing sector.
Mumbai Sees Record-Breaking Property Registration in March 2025
Mumbai witnessed a surge in property registration in March 2025, driven by the impending hike in reckoner rates set to take effect from April 2025. This surge highlights the robust demand in the city's real estate market.
Private Equity Investments Fuel 133% Surge in Real Estate Deal Volumes in Q1 2025
Real estate deal volumes soared by 133% in the first quarter of 2025, driven predominantly by private equity (PE) investments, which accounted for 88% of the total transactions.