BDR Pharma Binita Shah: In a significant development within Mumbai’s real estate scene, Binita Shah, a prominent board member at BDR Pharmaceuticals and spouse of the company’s founder and CMD, Dharmesh Shah, has recently undertaken a substantial investment in the coveted Worli area of Central Mumbai. The dynamic real estate environment of Mumbai is exemplified by this remarkable deal, which comprises the acquisition of two magnificent flats from K Raheja Corp.
Exclusive Properties:
The two lavish apartments, located in the renowned Raheja Artesia building, offer a combined carpet area of 6,670 sq ft, complemented by an expansive 367 sq ft of balcony space. Top-notch living in the centre of Mumbai is embodied by these residences, which also provide the unmatched convenience of seven allocated parking spaces.
Raheja Artesia: An Oasis of Luxury:
Situated in the bustling Worli area, Raheja Artesia stands as a standalone 45-storey tower, offering panoramic views of the Arabian Sea and the iconic Bandra-Worli Sea Link. Notably, the building is recognized as the residence of K Raheja Corp’s promoters, who have retained possession of three floors spanning 60,000 sq ft, valued at an estimated Rs 426 crore.
Transaction Details:
This deal aligns with the ongoing trend of substantial real estate transactions in Mumbai, further solidifying the city’s reputation as a hub for high-value property exchanges.
Notable Comparisons:
In a parallel development, Ipsita Dasgupta, former Apple executive and newly appointed Managing Director of HP India, secured a 2,964 sq ft flat in Raheja Artesia for Rs 22.52 crore in October. Based on these stories , Worli is an excellent area to reside, and the real estate market in Mumbai is always active.
Mumbai’s Vibrant Real Estate Market:
The city has consistently demonstrated robust activity in its residential property market, witnessing over 1.04 lakh property registrations in the first ten months of 2023 alone. This vibrant market has seen several high-value deals, such as Surinder Chawla, Managing Director of Paytm Payments Bank, acquiring a duplex flat in Indiabulls Sky Forest for Rs 20 crore in August 2023.
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