Uday Kotak seals a record-breaking property deal, buys entire building worth Rs…, India’s richest banker is now…
Uday Kotak's family has paid over Rs 12 crore in stamp duty and approximately Rs 3.60 lakh in registration fees for purchasing these apartments.
New Delhi: The founder of Kotak Mahindra Bank, Uday Kotak, and his family have made a first-rate funding and acquired 12 residences in a luxurious sea-facing residential complicated in Worli, Mumbai. In accordance to the stories, the final deal is reportedly value Rs 202 crore. This implies that the Kotak family has spent an moderate of Rs 16.83 crore per house. The constructing has a total of 24 residences, some of that have been previously received by the Kotak family. In accordance to Forbes, Uday Kotak’s gain value stands at USD 13.8 billion.
The whole residences purchased by the Kotak family are positioned within the Sagar Constructing in Worli. The notice of the Arabian Sea and the Mumbai Coastal Dual carriageway from the house is totally thoughts-blowing. In accordance to stories, these apartments are priced at Rs 2.71 lakh per sq. foot, making it one of many most pricey residential property purchases in India.
Beforehand, properties on Altamount Dual carriageway and Bhulabhai Desai Dual carriageway in South Mumbai were purchased at legend rates of Rs 2.25 lakh and Rs 2.09 lakh per sq. foot, respectively.
Right here are among the foremost small print:
- Uday Kotak’s family has paid over Rs 12 crore in designate accountability and approximately Rs 3.60 lakh in registration costs for procuring these residences.
- One house used to be registered on September 5, 2024, whereas the most effective 11 residences were registered on January 30, 2025.
- The carpet house of these residences ranges from 173 sq. toes to 1,396 sq. toes.
- In total, all 12 residences together quilt an house of seven,418 sq. toes.
- Earlier, in 2018, he purchased a luxurious bungalow for Rs 385 crore, which used to be previously owned by Indage Vintners govt Ranjit Chougule.
- Curiously, the 12 new residences purchased by Kotak are positioned terminate to the the same bungalow.
Rising Study in Luxury Staunch Estate
The actual estate market in Mumbai is witnessing huge enhance. Top businessmen, corporate executives, and celebrities are constantly making excessive-profile property offers in South and Mid Mumbai. This emerging pattern is driving a considerable surge within the market.
The recent deal by Uday Kotak and his family is environment a brand new benchmark for the posh property sector in India.
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