Real Estate Surge In Mumbai's Luxury Sector - ₹227 Crore Deal Struck For 6 Flats At Kalpataru Prive, Tardeo By Lloyds Group Promoters

The requirement of high end property transaction in Mumbai is unlimited. Now there is a new surge of luxury real estate deals. Law firms are also under tremendous pressure to complete the transactions in record break time.

Many corporates such as Godrej, Raymonds, DLF, Lodha, Rustomjee, Mahindra Lifespaces, Sunteck, Arkade etc are creating grand luxury and high end amenity projects in Mumbai and Delhi.

One such high value transaction has been recently concluded for a single family between Kalpataru and Directors of Lloyds Group.

Lloyds Group's promoter family bought six flats in Tardeo's Kalpataru Prive located on 'Billionaires' Street' for ₹227 Crores.

Both the companies agreed to jointly work with M/s Solicis Lex Advisory, Advocates and Solicitors as their transaction incharge. The deal was concluded in a record 3 days' time.

While speaking to Managing Partner, Adv Ameet Mehta, he stated that the luxury market is a very niche market. According to him, the booming Infrastructure, fast track Connectivity such as coastal roads, Luxury amenities and Premium locations is contributing to this surge. The present project of Kalpataru Prive is developed by Kalpataru Hills Residency Pvt Ltd on Altamount Road, and the present transaction was for six flats, spanning 27 BHKs spread across the 18th to the 23rd floors along with 4 floors of parking. Known for its ultra-luxury homes, Altamount Road is home to HNIs, high-end residences, and is also known as Mumbai's Billionaires club.

Adv Yesha Shah, working specifically on this transaction vertical stated that the total carpet area of the Six apartments is 17,908 sq ft, translating to a record Rs 1.26 lakhs per sft. The building accommodates personal 24 car parking spaces.