Shah Family Spends Nearly ₹180 Crore on Four Worli Flats as Luxury Real Estate Deals Surge Amid Market Flux
A landmark real estate transaction has come to light involving the family of Bharat Shah, the former director of ASK Wealth and Asset Management group. The family purchased four luxury apartments in Mumbai's sought-after Worli micro-market, amounting to a total cost of nearly ₹180 crore. This deal stands out as one of the largest residential acquisitions recorded this year.Details of the Kalpataru One Acquisition
The purchase was made by Preeti Shah and Kinnari Shah, Bharat Shah's wife and daughter respectively. They secured their apartments on the 34th and 35th floors of the flagship Kalpataru One project. This property is developed by Kalpataru Ltd., a listed developer known for its high-profile projects in prime Mumbai locations.According to transaction documents accessed by real estate data analytics firm Zapkey, the total carpet area across the four flats measured 17,689 sq ft. Each apartment holds approximately 4,422 sq ft of space. The effective rate calculated on the carpet area for these units is around ₹1.01 lakh per sq ft.
Marquee Deals Continue in Prime Mumbai and Delhi NCR
Despite underlying concerns regarding a general flattening trajectory in real estate sales, high-value marquee deals continue to be executed across major projects. These transactions highlight the sustained demand for ultra-luxury properties in prime metropolitan areas.In parallel luxury transactions, Radhi Navani, wife of eClinicalWorks CEO Girish Navani, purchased an apartment in the ultra-luxury Naman Xana project at Worli Sea Face. The deal size was reported at ₹162 crore, achieving a rate of ₹2.5 lakh per sq ft.
The luxury segment has seen other historic sales at Naman Xana. Last year, pharmaceuticals promoter Leena Gandhi Tiwari set a record benchmark for residential purchases in the project, spending ₹703 crore on an apartment there.
Notable Transactions Across Indian Markets
High-value transactions extended beyond Mumbai into corporate real estate dealings and NCR suburbs. The promoters of K Raheja Corp successfully sold an apartment valued at ₹121 crore to the Puranik family of Shree Dhootapapeshwar Ltd. This firm is a leading player within India's Ayurvedic wellness industry.Meanwhile, Delhi NCR continues to attract significant investments for major residential projects. Ace investor Madhusudan Kela reportedly bought an apartment in the under-construction DLF Dahlias luxury project in Gurugram for ₹121 crore. The purchases underline the continued robustness of the top-tier real estate market across key national hubs.
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