Sun Pharma Promoter Purchases Luxury Apartments Worth Rs 130 Crore in Naman Xana Worli Mumbai

📅 January 02, 2025

Sun Pharma Promoter Purchases Luxury Apartments Worth Rs 130 Crore in Naman Xana Worli Mumbai

Mumbai, December 31, 2024

Vibha Shanghvi, a prominent member of the promoter group of Sun Pharmaceuticals Industries, has made headlines by acquiring two opulent sea-facing apartments in Worli, Mumbai, for a staggering Rs 130 crore. This high-profile purchase underscores the enduring demand for ultra-luxury residences in one of the city's most sought-after locales.

The two apartments are located in the under-construction premium tower, Naman Xana, which offers breathtaking views of the Arabian Sea. The transactions were finalized in November and December, with the details surfacing recently through official documentation.

Apartment Details:

First Apartment:
- Size: 6,458 sq ft
- Price: Rs 65 crore
- Rate: Over Rs 1 lakh per sq ft based on carpet area
- Amenities: Includes three dedicated car parking spaces
Second Apartment:
- Size: 5,813 sq ft
- Price: Rs 65 crore
- Rate: Nearly Rs 1.12 lakh per sq ft
- Amenities: Comes with four exclusive car parking slots

The total stamp duty paid for the transactions amounts to Rs 6.50 crore, highlighting the significant financial commitment involved in these deals.

Location Insights:

Worli Sea Face is a prime locality known for its exclusivity and unparalleled luxury. It is a hotspot for India’s elite, offering seamless connectivity to key business districts, luxury retail outlets, and entertainment hubs. The area continues to attract industrialists, corporate leaders, and celebrities, making it a nucleus of Mumbai’s high-end residential real estate market.