In Mumbai, a spacious apartment spanning approximately 3000 square feet has just been transacted at about Rupees 20 crore on Carmichael Road. This expansive residential unit features a grand entrance lobby, a living room that connects to an adjoining dining area, alongside a distinct study room. The master bedroom boasts an en suite bathroom, a walk-in closet, and captivating sea views. Additional features include separate servant’s quarters, as well as both covered and open parking spaces. The building provides residents with various amenities such as a garden, pool table, and a gym. Carmichael Road is recognized as one of the most upscale areas in Mumbai, characterized by numerous vintage bungalows and luxurious apartment complexes.
In Pune, a recent sale involved a 3-BHK apartment priced at Rupees 44,33,000 within Rich Woods, a newly launched project by Rama Developers, situated in the Chikhli locality. This price encompasses the associated car parking costs as well. Rich Woods comprises 180 expansive 2 and 3 BHK apartments distributed across seven grand towers, all equipped with state-of-the-art amenities and facilities. With direct access to the Nashik highway, Chikhli boasts excellent connectivity to the Pimpri Chinchwad area. Rama Developers has established a solid reputation in Pune, successfully completing two notable projects. The base rates for these apartments are currently pegged at Rs 3,100 per square foot, while general residential rates in the vicinity range from Rs 2,600 to Rs 3,100 per square foot. Consequently, Chikhli has emerged as an attractive residential destination, appealing to both investors and end-users alike.
In a notable transaction in Delhi, a 600 square yard plot has been sold for around Rupees 61.5 crore. This older Ground+01 property is located in the affluent Shanti Niketan neighborhood, which is a prominent residential micromarket in South Delhi. The property has been acquired by a well-known builder from the NCR area, who has plans for redevelopment. The builder intends to construct a Ground+3 storied structure, with construction activities set to commence shortly. Already, there has been significant interest, with the first floor being listed for Rs 20 crore, the second for Rs 20.5 crore, and the third for Rs 21 crore. This project commands a premium price, attributed largely to its desirable South Delhi location, which offers excellent connectivity to major business hubs in the NCR, as well as proximity to numerous foreign embassies in the area.