Abha Gupta and Shreekrishna Gupta, part of the Lloyds Group promoter family, have acquired a luxurious triplex penthouse for INR 107.15 crore in Worli, Mumbai. Located in the Sea Crest building on Dr. Annie Besant Road, the 13,207 sq ft property boasts a price of INR 81,133 per square foot and includes 16 car parking spaces. This personal investment reflects Mumbai's booming luxury real estate market, characterised by record-high property sales and increasing demand in premium areas like "Billionaire's Row." The transaction highlights the city's status as a hub for ultra-luxury living, attracting industrialists, celebrities, and other high-profile buyers.
Abha Gupta and Shreekrishna Gupta, part of the Lloyds Group promoter family, have acquired a sprawling triplex penthouse for INR 107.15 crore in Worli, Mumbai.
The triplex is located in the ultra-exclusive Sea Crest building on Dr. Annie Besant Road in Worli. It's a 40-story sea-facing structure with less than 20 elite apartments. 13,207 sq ft of living space - that's what the Gupta family's new house offers. This isn't just an apartment; it's a sky palace fit for Mumbai's elite and the flat was sold for Rs 81,133 per square foot. The sale was recorded on June 26 and the property features 16 car parking spaces.
While the Gupta family acquired the property directly from the developer, Sugee Developers Pvt. Ltd., they have clarified that this is a personal acquisition for investment and future use, and not directly connected to the Lloyds Group's business operations. However, the sheer scale of the purchase has many speculating about the amenities and features this one-of-a-kind triplex might boast. Perhaps a private rooftop terrace, a home theatre, or even an infinity pool overlooking the Arabian Sea? Only time will tell what kind of luxurious amenities await the new residents.
This deal is just the latest chapter in the story of Mumbai's booming luxury real estate market. In 2023, residential property sales across major Indian cities reached an all-time high, with Mumbai leading the charge. The city has witnessed consistent growth in property registrations for over a year, indicating strong demand across all segments, from mid-income to premium and luxury.
South and central Mumbai, often referred to as "Billionaire's Row," are a major driver of this trend. This micro-market is home to some of India's most expensive properties and has seen a string of high-value transactions in recent times. Industrialists, CEOs, celebrities, and sportspersons are all flocking to this area to secure their piece of Mumbai's ultra-luxury living experience. Recent big-ticket purchases, like Bollywood actress Tripti Dimri's acquisition in Bandra West for INR 14 crore, further highlight the growing demand for luxury properties in Mumbai.
The Gupta family's purchase isn't the only indicator of Mumbai's thriving luxury market. In April, VP Nandakumar, CEO of Kerala-based Manappuram Finance Ltd, acquired a sea-facing apartment on Carter Road for INR 41.25 crore. Additionally, a luxury bungalow in Juhu Vile Parle, a celebrity hotspot, recently went up for auction. This eight-floor property has a massive 7,200 sq ft and offers an exclusive living experience for the discerning buyer.
The Gupta family's purchase is a strong indicator that Mumbai's luxury real estate market is here to stay. With growing demand and a limited supply of truly exclusive properties, especially those with stunning sea views, prices are expected to remain high in the foreseeable future. This trend is likely to attract further investments and high-profile buyers to Mumbai's most prestigious neighbourhoods, solidifying the city's position as a major player in the global luxury real estate market.
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