Saugata Gupta, managing director and chief govt officer of Indian multinational shopper items firm Marico, has bought a luxurious condo in Mumbai’s plush Worli locality for Rs 36.4 crore.

He has purchased this condo unfold over practically 4,372 sq ft constructed up space on the twenty fourth ground of a super-premium residential mission within the space.

His spouse and banker Reema Sen and Gupta are joint homeowners.. The deal values the condo at Rs 83,264 per sq ft and as a part of the deal, the consumers will even get unique entry to 5 automotive parking slots.

The consumers have paid Rs 2.18 crore as stamp obligation for the registration of the deal that occurred on July 29, confirmed the paperwork accessed by Zapkey.com.

ET’s e mail question to Gupta remained unanswered till the time of going to press, whereas Birla Estate declined to remark.

Residential property gross sales within the prime eight cities soared to an unprecedented excessive in 2023, fueled by sturdy demand throughout mid-income, premium, and luxurious segments.

Mumbai, because the nation’s largest and priciest actual property market, spearheaded this development, breaking new information in property transactions and attaining distinctive efficiency in July.

Town’s property market noticed registration numbers exceed the ten,000 mark each month within the first seven months of 2024. Furthermore, the market has maintained sturdy momentum with year-on-year progress in registrations for 12 consecutive months since August 2023, underscoring sustained purchaser confidence and market resilience.