Priyanjali Mariwala of the patron items firm Marico’s promoter household has bought a luxurious condo in Mumbai’s enterprise district Bandra-Kurla Complex (BKC) for Rs 65.25 crore.

She purchased this condo unfold over practically 8,300 sq ft on the primary ground of super-premium residential tower Signature Island from Starlight Programs, part of the undertaking’s developer Sunteck Realty.

Provided that the condo is located on the decrease ground of the tower, the deal is valued at Rs 78,690 per sq ft. As a part of the deal, she’s going to get unique entry to 4 automotive parking slots within the tower.

Mariwala paid stamp responsibility of Rs 3.26 crore for the registration of the deal that was sealed on July 1, paperwork accessed by Zapkey.com confirmed.

In 2021, the federal government of Maharashtra introduced a 1% concession in prevailing stamp responsibility for girls homebuyers. As a part of this scheme, a feminine house purchaser must pay 5% stamp responsibility fees for the registration of the deal in Mumbai.

Priyanjali, spouse of Rishabh Mariwala, leads the ASCENT Basis, a not-for-profit group of Marico Chairman Harsh Mariwala. They establish high-potential, growth-ready entrepreneurs and allow them to develop their enterprises and affect their entrepreneurial journey in scaling up.

ET’s separate electronic mail queries to Mariwala and Sunteck Realty remained unanswered until the time of going to press.

A number of outstanding personalities from the company world, Bollywood, and the banking fraternity have already purchased flats on this residential undertaking.

Aside from Uday Kotak, different patrons are Gautam Adani, Vikram Pandit, Gunit Chaddha and Mihir Doshi. Actress Aishwarya Rai Bachchan, Ashok Wadhwa and Sonam Kapoor have additionally purchased an condo within the undertaking consisting of three towers developed by the identical developer.

In 2021, healthcare product maker Abbott Healthcare had inked a transaction to lease a 5,000 sq ft condo on this tower for a month-to-month rental of round Rs 10 lakh. The overall tenure of the lease was 36 months, which takes the leases pay-out to over Rs 3.60 crore throughout the interval.

The posh pad was more likely to be occupied by a CXO of the corporate as the corporate’s company workplace is only a few meters away from this advanced. Lease leases on this tower are presently hovering round Rs 15 lakh a month for a smaller duplex and Rs 20 lakh for a bigger duplex condo.

The Indian residential actual property market reached an 11-year excessive in gross sales within the first half of 2024, pushed by secure financial circumstances and market confidence regardless of increased mortgage charges.

Mumbai, the biggest and costliest property market, has led the uptrend breaking information with over 10,000 property registrations every month within the first half of 2024 and year-on-year development in registrations for 11 consecutive months since August 2023.