Hermes Distillery has completed a significant acquisition of ten residential units in the prestigious Prestige Ocean Tower, located in Marine Lines, Mumbai, for a total of Rs 199.35 crore. Each of the 10 apartments, with a carpet area of 2,482 sq ft (~230.58 sq meters) and a built-up area of 2,565 sq ft (~238.3 sq meters), was purchased for an individual price ranging from Rs 19.39 crore to Rs 20.54 crore.
The total built-up area for the acquisition is 25,650 sq ft (~2,383 sq meters). The stamp duty for the transaction amounted to Rs 11.96 crore, and each unit carries a standard registration fee of Rs 30,000. Additionally, the deal includes 30 designated car parking spaces, with three parking slots assigned to each apartment.
The purchase was officially registered in January 2025. Prestige Ocean Tower, developed by Prestige Projects, is a luxury residential complex spread across 2.3 acres, offering 2 and 3 BHK units, and is considered one of Mumbai's prime residential properties.