Lloyds Group Promoter Family Seals ₹107 Crore Worli Sea-Facing Apartment Deal in Mumbai's Luxury Market

The promoter family of Lloyds Group has reportedly acquired a premium sea-facing luxury apartment in Mumbai's upscale Worli locality for ₹107 crore, marking one of the most expensive residential property transactions recorded in the city this year.

Ultra-Luxury Acquisition Details

The apartment, located in the ultra-luxury residential tower 'Raheja Artesia,' spans nearly 9,546 square feet and comes with seven car parking spaces, according to official records. The sale deed was registered on May 29, 2024.

Prime Location with Arabian Sea Views

Situated along Dr. Annie Besant Road, the property offers panoramic views of the Arabian Sea and is equipped with premium amenities, making it a sought-after address among Mumbai's elite. This transaction reinforces the growing trend of India's ultra-rich betting on luxury real estate investments.

Worli's Luxury Real Estate Market Strength

This high-value deal underscores the trend of high-net-worth individuals and business families investing heavily in Mumbai's luxury real estate market. Worli, in particular, continues to attract buyers due to its strategic location, superior infrastructure, and proximity to key business hubs and lifestyle destinations.

The transaction follows other significant deals in the area, including Uday Kotak's entire Worli building purchase for over ₹400 crore, highlighting the continued demand for premium properties in this coveted location.

Mumbai's High-End Property Market Trend

The deal comes amid a broader surge in Mumbai's high-end market activity, with luxury developers securing significant bookings. Additionally, recent record-breaking seaface deals have further cemented Mumbai's position as India's premier luxury real estate destination.

Industry experts suggest that such investments in Mumbai's premium real estate segments reflect the strong confidence wealthy individuals have in the city's long-term growth prospects and infrastructure development.

Disclaimer: This news article is based on publicly available information and property registration records. Property prices and details mentioned are as per official documentation. Readers are advised to verify all information independently before making any investment decisions. The content is for informational purposes only and should not be considered as investment advice.