HDFC CEO Buys Mumbai Property worth Rs 41.23 crore

HDFC vice-chairman and CEO Keki Mistry has bought an ultra-luxury apartment in Mumbai worth Rs 41.23 crore, the latest high-value residential deal in India’s financial capital as homebuyers scramble to register properties before the deadline of the recent stamp duty c

BY Realty Plus
Published - Tuesday, 08 Dec, 2020

HDFC CEO Buys Mumbai Property worth Rs 41.23 crore

HDFC vice-chairman and CEO Keki Mistry has bought an ultra-luxury apartment in Mumbai worth Rs 41.23 crore, the latest high-value residential deal in India’s financial capital as homebuyers scramble to register properties before the deadline of the recent stamp duty cut expires. Property located in Worli and housed in Artesia, a project launched by K Raheja Corp, and offering views of the Arabian Sea and the Bandra-Worli Sea Link—was registered on November 18, local brokers said. The property’s carpet area is 7,390 sq ft and is located on the 35th floor, they said, adding it has eight parking lots. The property attracted a stamp duty of Rs 95.6 lakh, said the brolers. The project is funded by HDFC. The unit was bought for Rs 41.23 crore and stamp duty worth Rs 95.6 lakh was paid. Size of the ‘jodi’ apartment bought by Mistry is around 7,000 sq ft. “This uber luxury apartment is likely to be a combination of two 4BHK units.” The property is an upgrade for Mistry. He owns another property located in South Mumbai’s Worli area.That is a 3,200 sq ft apartment housed in the Vivarea project, owned by the same builder. The apartment is currently on the block for around Rs 24 crore. Raheja Artesia has 55 floors. The monthly rent for an apartment of the size bought by Mistry is around Rs 14 lakh per month, they said.