Biggest deal in the Country, single family buys 10 flats worth 232 Crores in Mumbai

MUMBAI: A Sindhi business family has bought 10 super-premium apartments worth a total Rs 232 crore in the Omkar 1973 project in Mumbai’s plush Worli locality, said two persons with knowledge of the development, marking a record for luxury skyscrapers.

The country’s most expensive property market is witnessing a transaction of this magnitude in the residential segment for the first time in several years, exceeding the sum typically paid for homes in south Mumbai, experts said.

The transaction has been concluded recently and will be registered soon. The cost does not include the stamp duty amount. Out of the 10 apartments, five are bare shells and can be customized later,” said one of the persons cited above. “Being a large joint family, the Mumbai-based buyer is likely to have bought the apartments for personal use.” Omkar Realtors & Developers, the builder, declined to comment.

Virat Kohli, Yuvraj Singh, Bharat Forge chairman Baba Kalyani, Kinetic Engineering’s vice chairman Sulajja Firodia, education and sports baron DY Patil have all bought flats in the project. Other neighbours include important personalities from the finance, banking, gems & jewelry, education and telecom sectors.

Of the 10 sea-view apartments purchased, totaling a built-up area of 50,000 sq ft, five are ready to move in and are below the 51st floor. The three, four and five-bedroom apartments in towers A and B range from 3,100 sq ft to7,500 sq ft in area. The developer recently received occupancy certificates for floors up to the 51st for tower A and B, accounting for close to 200 units. The project comprises three towers with more than 400 apartments ranging from 3,000 sq ft to 18,000 sq ft listed at Rs 15 crore to Rs 100 crore. The developer has approvals for 75 floors in tower A, 81 in tower B, and 70 in tower C, rated as the most luxurious.

Indian cricket captain Kohli bought his apartment last year for over Rs 34 crore — a 7,171-sq ft apartment on 35th floor of tower C with a sea view.

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