Mumbai real estate: Saugata Gupta of Marico and family purchase ₹36.4 crore apartment in Mumbai's Worli

Mumbai real estate: The flat measures 3,972 sq ft carpet and comes with five car parks. The transaction was registered on July 29, 2024, documents showed

Published on: Aug 10, 2024, 07:44:45 IST

By Mehul R Thakkar

Prefer HTon Google

Share via

Copy link

Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli, according to property registration documents accessed by Zapkey.

Saugata Gupta, Managing Director and CEO at Marico and wife Reema Sen have purchased an apartment for ₹36.4 crore in Mumbai's Worli at Birla Niyaara project by Birla Estates. (Picture for representational purposes only) (Pexels)

The flat measures around 3,972 sq ft carpet and comes with five car parkings, according to the documents.

The transaction was registered on July 29, 2024 for which a stamp duty of ₹2.18 crore was paid along with registration charges of ₹30,000, the documents said.

Gupta and his wife Reema Sen are joint owners. The flat was purchased in the second phase of Birla Niyaara project, the documents showed.

Also Read: Mumbai real estate: Mahindra and Mahindra Ltd sells 20.5 acres land in Kandivali area for ₹210 crore

According to local brokers apartments in several luxury projects of Central Mumbai, particularly Worli command a per sq ft price of ₹70,000 to even ₹1 lakh per sq ft.

Also Read: MHADA lottery 2024: Apartments worth ₹29 lakh to ₹7.58 crore up for sale in Mumbai draw

An email query sent to Marico and Birla Estates did not get any response.

Also Read: Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Mumbai top deals

Earlier in July, Priyanjali Mariwala, who leads the ASCENT Foundation, a not-for-profit organization of Harsh Mariwala, chairman of Marico, had bought an apartment for ₹65.25 crore in Sunteck Signature Island, Bandra Kurla Complex, in Mumbai, documents accessed by Zapkey showed.

The seller was Starlight Systems (I) Pvt Ltd. The carpet area of the housing unit is 8292 sq ft and comes with four car parking spaces, the documents showed.

In the recent past, Lloyds Group chairman Mukesh Gupta’s wife Abha Gupta and son Shreekrishna Gupta have purchased a triplex worth ₹107 crore in Worli, Mumbai, according to the property registration documents accessed by Zapkey.

The triplex measures 13,207 sq ft. The apartment has been purchased at a per sq ft rate of ₹81,133, according to the documents registered on June 27, 2024.

ABOUT THE AUTHOR
Mehul R Thakkar
Mehul R Thakkar is a Mumbai-based journalist who closely tracks the city’s ever-evolving real estate landscape. He believes that Mumbai presents a unique reality that, while Mumbaikars deeply aspire to own a home in the city of dreams, many spend little actual time living in it due to long commutes and demanding work lives. With over 11 years of experience in journalism, I have reported across a wide spectrum of beats, including real estate, housing, infrastructure, aviation, and education. I have also extensively covered the workings of India’s wealthiest civic body, the Brihanmumbai Municipal Corporation (BMC), providing insight into the policy, governance, and urban planning decisions that directly influence Mumbai’s growth. Before joining Hindustan Times, I worked in fast-paced digital and print newsrooms, including Moneycontrol.com and Deccan Chronicle, as well as national dailies such as The Asian Age and DNA. Outside the newsroom, I am an avid weather tracker, a fan of spy thrillers in both books and films, and a keen follower of international affairs.Read More