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Parle Biscuits Private Limited sells three apartments for 45 crore in Mumbai

Parle Biscuits Private Limited has sold three apartments for ₹45 crore in Mumbai in the projects Rustomjee Elements and Rustomjee Seasons

Published on: Jul 9, 2024, 18:31:44 IST
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Parle Biscuits Private Limited has sold three apartments for 44.81 crore in Mumbai in the projects Rustomjee Elements and Rustomjee Seasons, documents accessed by Zapkey showed.

Parle Biscuits Private Limited has sold three apartments for  ₹44.81 crore in Mumbai (Representational photo) (Unsplash)
Parle Biscuits Private Limited has sold three apartments for ₹44.81 crore in Mumbai (Representational photo) (Unsplash)

The first flat located in Rustomjee Seasons is 1928.26 sq ft (carpet area) and is located on the 21st floor. It comes with three car parks. This was sold for 15 crore.

The per sq ft rate works out to be 77,790 per sq ft, the documents showed.

The deal was registered on June 24, 2024.

Also Read: Mumbai real estate: All that you need to know about ‘bulk’ property deals being registered in the financial capital

The second apartment in Rustomjee Seasons in Bandra East is spread across an area of 1234.63 sq ft (carpet area) was sold for 7.81 crore and comes with two car parks. The per sq ft area rate works out to be 63,258 per sq ft, the documents showed. The unit was registered on June 28.

Emails have been sent to the company. The story will be updated once a response is received.

Earlier this year, Ambika Chauhan Aibara, part of the Parle Products' promoter family, had purchased two sea-view luxury apartments in south Mumbai's Mahalaxmi locality for over 47.3 crore. The apartments are spread over an area of 6,180 sq ft on the 24th and 25th floor of luxury project Raheja Modern Vivarea from the developer K Raheja Corp.

Also Read: Is capital appreciation the key motivation for rich real estate investors to buy luxury properties?

In June last year, Samar Chauhan, Executive Director of Parle Products Pvt Ltd, had purchased a property for 78 crore in Juhu, Mumbai. The property is located on Juhu Tara Road, Vile Parle (West), Mumbai. It is part of the Theosophical Cooperative Housing Society Ltd. Stamp duty of 4.68 crore was paid on the deal.

Also Read: Housing sales up by 5% in FY24 in Mumbai Metropolitan Region, launches down by 22%: Report

 
ABOUT THE AUTHOR
Vandana Ramnani

Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.

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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