HSBC has bought a luxury duplex apartment in Mumbai, overlooking the Arabian sea and the transaction is reported to be the highest reported transaction for a flat in terms of absolute numbers. The 8000 sq ft apartment located in Raheja Viverea development overlooks the Mahalaxmi racecourse and has been bought by the bank to its India chief executive officer, currently Stuart Milne. The bank bought the property directly from K Raheja Corp.
Here re some interesting facts on high value property transactions in Mumbai – In one transaction PE firm Xanders’ founder and chairman Siddharth Yog bought a sea facing apartment at the famous Samudra Mahal building in Worli for Rs 40.5. Another sea-facing duplex apartment in a building on Mount Pleasant road in Malabar Hill was sold for Rs 57 crore (Rs. 1.35 lakh per sq ft) making it the most expensive residential transaction on a per sq ft basis.
Other high-profile figures from the corporate world who have their homes in Raheja Viverea are HDFC vic-chairman and CEO Keko Mistry, private equity firms KKR’s CEO Sanjay Nayar and the missions of Germany, Australia, Canada apart from corporates like Johnson&Johnson and Mondelez India Foods Ltd (formerly Cadbury India) who have bought apartments here for their CEOs.