Mumbai’s luxury residential market has seen another significant transaction, with Radha Tanti, an angel investor and spouse of Suzlon Energy executive vice chairman Girish Tanti, acquiring a high-end apartment in the prestigious Worli area for ₹123.5 crore.
The property is located on the 44th habitable floor of the ultra-luxurious Artesia tower, situated near the Doordarshan Center in Worli.
The apartment boasts a RERA carpet area of approximately 6,772.28 sq ft, along with an additional 367.05 sq ft of balcony or terrace space, making it one of the largest units in the development.
This purchase was made from K Raheja Corp’s Ravi Raheja and Sumati Raheja.
Documents from CRE Matrix, a real estate data analytics firm, reveal that a stamp duty of about ₹6.18 crore was paid for this transaction, which was registered on Monday.
RealtyDailyNews’s email inquiries to Suzlon Energy and K Raheja Corp went unanswered.
Due to its strategic location and enhanced connectivity, Worli has become a favored residence for ultra-high-net-worth individuals and affluent families. Infrastructure improvements such as the Bandra-Worli Sea Link and the coastal road have made access to key commercial areas, including Lower Parel and the Bandra-Kurla Complex, significantly better.
According to property consultants, transactions of this magnitude highlight the ongoing resilience of Mumbai’s luxury housing market. The limited availability of spacious homes in prime locales, combined with solid financial standings and a preference for tangible assets, continues to drive demand at the upper end, despite buyers being more selective.
