Lodha Sea Face Apartment Sold for ₹187 Crore, One of Mumbai’s Biggest Property Deals

Macrotech Developers, known as Lodha Group, has completed a major real estate transaction in Mumbai’s Worli area, selling a 14,866 sq ft apartment for ₹187.47 crore. The property, located in the under-construction Lodha Sea Face project, was purchased by SR Menon Properties LLP at a rate of over ₹1.26 lakh per sq ft.

Property registration documents indicate that the transaction was registered on March 13, 2025. The stamp duty for the deal amounted to ₹11.25 crore, with an additional ₹30,000 paid as a registration fee. The Lodha Sea Face project spans 1.5 acres and consists of 29 residential units with 5 BHK and 6 BHK configurations.

SR Menon Properties LLP, incorporated in May 2024, is a Limited Liability Partnership (LLP) with Radhika Narang Parasram and Sudhir Vijay Menon as designated partners. The firm acquired the apartment in Worli, a location that has seen multiple high-value transactions in recent years. According to local brokers, residential properties in the area have been sold at rates ranging from ₹1 lakh to ₹1.60 lakh per sq ft.

Between January and December 2024, Worli recorded 683 residential registrations across primary and secondary markets, with total transactions amounting to ₹7,326 crore. Data from Square Yards indicates that the average residential property price in the locality stood at ₹84,754 per sq ft as of December 2024.

Macrotech Developers is a real estate firm operating in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru. The company has undertaken multiple large-scale projects and remains active in Mumbai’s housing market. The firm has developed residential and commercial properties catering to different segments of buyers.

The sale highlights the demand for real estate in South Mumbai, particularly in locations with established infrastructure and connectivity. Worli continues to attract buyers due to its proximity to business districts, social amenities, and transportation links. The real estate market in the area has remained stable despite fluctuations in the broader economy.

Luxury housing transactions in Mumbai have been consistent, driven by demand from individuals and investors. Several developers continue to launch projects targeting buyers seeking well-located properties with modern amenities. The trend indicates sustained interest in high-end residential real estate in established neighborhoods.

The transaction reflects ongoing activity in the real estate sector, with developers and buyers engaging in significant deals. Market data suggests that properties in Mumbai’s prime locations maintain their appeal, supported by infrastructure, accessibility, and investment potential.