MUMBAI: A septuagenarian couple, Satish Kumar Singh and Premlata Singh, parents of Alkem Laboratories founder Sandeep Singh, have purchased Khar-Bandra’s most expensive penthouse for Rs 63 crore. This sale marks the highest rate for a non-sea facing apartment in Bandra. Dubbed a ‘villa in the sky’, the residence boasts private terraces and a spacious double-height living room. “It truly gives the vibe of a villa in the sky,” according to a source.
This luxurious penthouse is situated in S Raheja’s Evergreen Tower on Perry Road, Bandra West, reflecting the growing appetite for single-unit luxury homes in one of Mumbai’s most desirable neighborhoods.
The tower is undergoing redevelopment, with lower floors allocated to existing society members while the premium upper levels are available for market sale.
Occupying a carpet area of 4,583 sq ft, the penthouse was acquired at approximately Rs 1.37 lakh per sq ft on December 15. Currently, it remains an unfinished unit awaiting interior design and fittings.
According to property records, the transaction incurred a stamp duty of Rs 3.76 crore, along with a registration fee of Rs 30,000. Insiders revealed that the property was sold in its raw state with an occupancy certificate in place.
“Situated about 900 meters from the coast, this property offers a breathtaking angled view of the Arabian Sea,” said the source. “With a RERA carpet area of 4,583 sq ft, this deal establishes a remarkable effective rate of nearly Rs 1.37 lakh per sq ft. It sets a new record as the priciest penthouse in the Bandra–Khar area, where demand for expansive luxury homes remains high. This transaction achieves one of the highest per square foot rates for RERA-compliant properties, making it a standout purchase in Mumbai,” the source elaborated. Ram Raheja, managing director of S Raheja, confirmed, “Yes, they acquired it for Rs 62.81 crore a few weeks back.”
