Flat in Worli Sold for ₹1317300000 in Mumbai’s Biggest Property Deal
Flat in Worli Sold for ₹1317300000 in Mumbai’s Biggest Property Deal
Anand Rathi Wealth’s co-founder Pradeep Navratna Gupta buys a sea-facing 40th floor apartment in Lodha Sea Face, setting a new benchmark in luxury real estate.
Mumbai’s luxury real estate market has witnessed one of its biggest transactions yet, with a sea-facing apartment in Worli being sold for a staggering ₹131.73 crore. The deal, registered on August 20, 2025, is now being seen as Mumbai’s largest residential property transaction of the year.
The buyer, Pradeep Navratna Gupta, co-founder and vice chairman of Anand Rathi Wealth, along with his wife Preeti Pradeep Gupta, purchased a 10,538 sq ft flat on the 40th floor of Lodha Sea Face in Worli. The apartment comes with seven car parking spaces and was transacted at a record rate of around ₹1.25 lakh per sq ft.
For the purchase, Gupta paid a stamp duty of ₹7.90 crore along with a registration fee of ₹30,000, according to real estate analytics firm CRE Matrix. The seller in the deal was Lodha Developers Limited, one of India’s leading luxury real estate developers.
High-Value Real Estate Trend
The deal underscores Worli’s status as Mumbai’s most coveted luxury hub, home to marquee projects by Lodha, Raheja, and Oberoi, catering to ultra-high-net-worth individuals. In March 2025, SR Menon Properties LLP acquired a 14,866 sq ft apartment in the same project, while in May, the nearby Naman Xana project made headlines for selling units at nearly ₹3 lakh per sq ft.
Earlier this year, Amit Rathi, co-founder of QiCAP.AI, purchased a luxury flat worth ₹89.91 crore at Palais Royale in Worli. In 2024, the family of financial veteran Anand Rathi added three premium apartments worth ₹98.94 crore to their portfolio in the same locality.
Expert Insights
Property consultants note that such high-value deals reflect India’s fast-growing wealth base and the increasing demand for luxury beachfront homes in South Mumbai. Analysts also point out that these sales are contributing significantly to Maharashtra’s stamp duty revenues, with Worli continuing to lead the market in ultra-premium housing.
