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Former HDFC Bank top executive buys 52.49 crore luxury apartment in Mumbai’s Worli

Mumbai real estate deal: Former HDFC Bank deputy MD has purchased an apartment in Prestige Nautilus, Worli, for ₹52.49 crore at ₹1.19 lakh per sq ft

Updated on: Sep 12, 2025, 10:18:39 IST
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Former HDFC Bank deputy managing director Paresh Sukthankar has purchased a luxury apartment for 52.49 crore in Mumbai’s Worli area, at 1.19 lakh per sq ft on RERA carpet, according to property registration documents accessed by Zapkey.com.

Mumbai real estate update: Former HDFC Bank deputy managing director Paresh Sukthankar has purchased a luxury apartment in the Worli area of Mumbai. (Picture for representational purposes only) (Unsplash)
Mumbai real estate update: Former HDFC Bank deputy managing director Paresh Sukthankar has purchased a luxury apartment in the Worli area of Mumbai. (Picture for representational purposes only) (Unsplash)

The apartment is located in Prestige Nautilus, a premium project by Bengaluru-based Prestige Estates.

According to the property registration documents, the apartment has a RERA carpet area of 4,378 sq ft and was purchased along with four car parking spaces.

The transaction was registered on September 3, 2025, and a stamp duty of 3.14 crore and registration fees of 30,000 were paid.

An email query sent to Prestige Estates remained unanswered at the time of publication. If a response is received, the story will be updated. Paresh Sukthankar could not be reached for comment.

Also Read: ₹131 crore">Co-founder of Anand Rathi Wealth, and his wife buy a luxury apartment in Mumbai’s Worli for 131 crore

All about Worli’s real estate market

Leena Gandhi Tewari, chairperson of pharmaceutical giant USV, was in the news in May 2025 for purchasing two ultra-luxury, sea-facing duplex apartments in the Worli area for a staggering 639 crore. Including taxes, the total transaction value rose to 703 crore, setting a new national record.

The per square foot rate of nearly 3 lakh makes it the most expensive residential property deal ever recorded in India and highlights the continued surge in the ultra-luxury real estate market in the financial capital.

Also Read: ₹56 crore">Mumbai real estate: US-based NRI couple buys two sea-facing luxury apartments in Bandra for 56 crore

Pradeep Navratna Gupta, co-founder and vice chairman of Anand Rathi Wealth and his wife, Preeti Gupta, in August 2025, purchased a luxury apartment worth 131 crore in the Worli Sea Face area of Mumbai, according to property registration documents accessed by CRE Matrix.

Also Read: NRI Guide: 6 things non-resident Indians should keep in mind before investing in real estate back home

Earlier this year, Amit Rathi, co-founder of QiCAP.AI, purchased a luxury apartment worth 89.91 crore in India's tallest building, Palais Royale in Mumbai's Worli, according to the property registration documents accessed by Zapkey.com

 
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.
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