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Promoters of Mumbai-based pharmaceutical firm Ideal Cures, Suresh Pareek and Veena S Pareek, have acquired two adjoining luxury apartments in Worli for a total of INR 190.1 crore. The units, located on the 43rd floor, have a combined RERA carpet area of around 12,114 sq ft and include 10 dedicated car parking spaces. Each apartment comes with spacious balconies and terraces. The purchase, registered late last month, reflects continued interest from business families in large-format premium homes despite limited new supply and high pricing in central Mumbai's luxury real estate market.
Promoters of Mumbai-based pharmaceutical excipients company Ideal Cures, Suresh Pareek and Veena S Pareek, recently purchased two adjoining luxury apartments in Worli, Mumbai, for a combined total of INR 190.1 crore. The transaction, registered late last month, represents one of the notable high-value residential deals in the city's luxury segment. Advertisement
The two apartments are on the 43rd floor of a high-end residential tower and together have a RERA carpet area of approximately 12,114 sq ft. The deal includes 10 car parking spaces, ensuring convenience for the residents. The apartments have been purchased with a clear focus on long-term residential use rather than short-term investment.
Breaking down the purchase, one unit spans around 6,772 sq ft of carpet area with a 629 sq ft balcony and a 367 sq ft terrace. This unit was acquired for approximately INR 104.9 crore and includes five parking slots. The adjoining apartment has 5,342 sq ft of carpet area, a 504 sq ft balcony, and a 367 sq ft terrace, and was purchased for INR 85.2 crore with five parking spaces. The effective price across both units works out to about INR 1.56 lakh per sq ft.
The couple already owns a luxury apartment in the same building, indicating a preference for the address. Property consultants note that large connected apartments like these are increasingly sought by corporate families for long-term homes, offering both space and exclusivity.
Worli continues to be one of Mumbai's most expensive residential micro-markets, supported by limited supply of new luxury units, proximity to commercial districts, and improved infrastructure such as the Bandra-Worli Sea Link and coastal road. The locality has consistently attracted high-value transactions from business owners, promoters, and executives, reflecting sustained demand for premium housing even in a high-priced environment.
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