The Family Of Chairman Of Lloyds Group Buys Triplex Apartment For Rs 107-Crore Property in Worli

In a significant real estate transaction, the family of Mukesh Gupta, the Chairman of Lloyds Group, has acquired a luxurious triplex apartment in Mumbai's prestigious Worli area for ₹107 crore. This acquisition was made by Gupta's wife, Abha Gupta, and their son, Shreekrishna Gupta. The property is located in the Sea Krest building, an under-construction project by Sugee Group.

The triplex is situated on the 25th, 26th, and 27th floors of the Sea Krest building and spans a total of 13,207 square feet. The property was purchased at a rate of ₹81,133 per square foot. This high-end apartment includes 16 car parking spaces, showcasing the luxury and convenience associated with such a high-value purchase. The transaction was registered on June 27, 2024, according to property registration documents accessed by Zapkey.

For this transaction, the buyers paid a stamp duty of ₹6.42 crore and a registration fee of ₹30,000. Despite queries, there has been no response from either Sugee Group or Mukesh Gupta regarding this acquisition. The substantial stamp duty and registration fee underscore the high value of the property and the significant financial outlay involved in such high-end real estate transactions.

This purchase is part of a broader trend in Mumbai's luxury real estate market, which has seen robust activity in recent months. The market for luxury homes, defined as properties priced at ₹10 crore and above, saw total sales of ₹12,300 crore during the first half of 2024. This represents an 8% increase over the same period in 2023, according to a report by India Sotheby's International Realty and CRE Matrix.

In addition to the Gupta family's purchase, several other high-profile real estate transactions have taken place in Mumbai recently. For instance, Priyanjali Mariwala, associated with the ASCENT Foundation, bought an apartment in Sunteck Signature Island, Bandra Kurla Complex, for ₹65.25 crore. In another deal, Rajesh Labhubhai Lakhani, a director at Woodstock Estate LLP, purchased a sea-view apartment in Worli for about ₹97.40 crore in May 2024.