Surinder Chawla, Managing Director of Paytm Payments Bank Limited, has purchased a duplex apartment measuring 2,516 square feet (sq ft) carpet area in a luxury tower named Indiabulls Sky Forest in Central Mumbai's Lower Parel area for Rs 20 crore, according to documents accessed by Zapkey.com.
The flat is located on the higher floor and comes with 972 sq ft of exclusive area along with 2,516 sq ft of carpet area.
The duplex apartment comes with four parking spaces. The seller is one Madhuri Vinayak Gawande.
The transaction was registered on August 22, 2023, according to the documents.
A query has been sent to the spokesperson of Paytm Payments Bank.
Also read: Gurgaon flat sold for Rs 100 crore: Luxury property deal narrows gap with Delhi
The particular luxury tower where the deal is reported is one of the towers where high-value deals have been reported in the past.
Homes worth Rs 43,000 crore were sold in Mumbai’s top 100 housing projects in 2022, a decline of about 2.5 percent from a year earlier, an analysis done by Zapkey.com showed.
The top 10 projects last year, according to Zapkey.com, included Birla Niyaara in Worli with sales worth Rs 1,825 crore, followed by Lodha The Park in Worli (Rs 1,572 crore), K Raheja Vivarea in Mahalaxmi (Rs 1,156 crore), Oberoi Sky City in Borivali East (Rs 1,092 crore), and Lodha World Towers in Upper Worli (Rs 956 crore).
The other big transaction values in the list were L&T Emerald Isle in Powai with sales of Rs 940 crore, Indiabulls Sky Forest in Lower Parel (Rs 938 crore), Prestige Bellanza in Mulund West (Rs 883 crore), and Oberoi Elysian in Goregaon East (Rs 878 crore), among others.
Meanwhile, out of 1,16,220 units launched in Q3 2023 in the top seven cities across various budget categories, 31,180 units, or about 27 percent, were in the luxury category (priced over Rs 1.5 crore), according to a report by real estate consultant ANAROCK released on October 9.
This is the highest quarterly luxury supply entering the market in the last five years, the report added.
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