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Suraksha Realty directors buy Rs 100-crore apartments in Mumbai’s Worli, ET RealEstate

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Paresh Parekh and Vijay Parekh, directors of property development company Suraksha Realty, have bought two sea-facing luxury apartments in Mumbai’s Worli locality for a total of Rs 100 core.

The brothers have purchased the apartments on the top floors of the super luxury project Naman Xena. Each of these apartments are spread over 6,458 sq ft of carpet area on the 26th and 27th floors of the under-construction tower.

The buyers have paid Rs 6 crore as stamp duty alone for the registration that took place on November 7. They have bought the apartments priced at Rs 50 crore each from Shree Naman Residency, the developer of the project directly.

As part of the agreement, the buyers will get access to a total of 8 car parking slots along with their apartments, showed documents accessed through Indextap(dot)com.

The 27-storey under-construction project with a total development of 4.72 lakh sq ft is spread over more than 0.6 acre across the Worli Sea face. The bare shell floor plate in this high-rise structure allows flexibility of customisation to buyers and the luxury pads can be designed to be duplex apartments.

Phone calls to Paresh Parekh remained unanswered until the time of going to press.

Mumbai, the country’s biggest and most expensive property market, has continued its record-setting spree by registering its best October performance ever as demand continued to be robust and its conversion in actual sales surged with the onset of the festive season despite higher mortgage rates and property prices.

The country’s commercial capital has witnessed registration of 10,566 properties during the month, up 25.5% from a year ago. Revenue collection through stamp duty charges rose 15% on-year to contribute over Rs 833 crore to the state’s exchequer, showed data from the inspector general of registration, Maharashtra.

  • Published On Nov 16, 2023 at 05:00 PM IST

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