Vinay Thakkar, part of the family of Dinesh Thakkar—the founder of Angel One, a well-known stockbroking and wealth management firm—has sold a high-end apartment in Andheri West, Mumbai, for Rs 52.48 crore.
This 25th-floor apartment, boasting a RERA carpet area of 3,891 sq ft and an additional 409 sq ft of balcony space, is valued at an effective carpet area rate of Rs 1.4 lakh per sq ft. This positions it as one of the priciest residential transactions on a per sq ft basis.
The sale, recorded on June 20, includes four exclusive car parking slots for the buyer, as indicated by registration documents obtained from Zapkey.com. An email inquiry sent to Angel One went unanswered at the time of publishing.
This transaction is part of a growing trend of luxury sales in suburban areas, alongside South and Central Mumbai.
Despite rising interest rates, luxury property deals in Mumbai remain resilient, especially in select premium neighborhoods. The city, India’s largest and most expensive real estate market, showed consistent activity in July, driven by solid end-user demand and an inclination towards larger, upscale homes.
Steady interest levels and ongoing infrastructure improvements have supported market momentum, even with price increases and a rise in ready reckoner rates implemented on April 1. In July, Mumbai recorded 12,510 property transactions, sustaining the previous year’s momentum, while stamp duty collections increased by 5.4% to Rs 1,121 crore, according to data from the Inspector General of Registration (IGR) of Maharashtra.
