Seema Singh Sets Record with ₹185 Crore Penthouse Purchase in Mumbai
Seema Singh Sets Record with ₹185 Crore Penthouse Purchase in Mumbai
Seema Singh, a prominent Indian businesswoman and owner of Alkem Laboratories, has made headlines by purchasing a luxurious penthouse in Mumbai for a staggering ₹185 crore.
The penthouse that Seema Singh has bought for Rs 185 crore has an area of 14,866 square feet and is located on the 30th floor. But do you know who is Seema Singh? Read on
Located on the 30th floor of the Lodha Sea-Face project in Worli, one of Mumbai’s most prestigious neighborhoods, the penthouse spans a massive 14,866 square feet.
Key Details of the Deal
• Price: ₹185 crore
• Stamp Duty: ₹9.25 crore
• Price per Sq. Ft.: ₹1,24,446
• Parking Spaces: 9
• Floor: 30th (A-wing)
The property boasts world-class amenities, breathtaking views of Mumbai’s coastline, and unparalleled luxury, setting a new benchmark in the city’s real estate market. Singh’s purchase follows recent high-profile transactions, including a ₹190 crore penthouse in Gurugram, which was the most expensive real estate deal in India until now.
Who Is Seema Singh?
Seema Singh is a key figure in the pharmaceutical industry as the owner of Alkem Laboratories, a publicly listed company with a market capitalization of ₹64,278 crore. Singh owns 2.16% of the company’s shares, entitling her to a proportional share of its profits.
Earlier this year, in June 2024, Singh made waves by selling 0.3% of her stake in Alkem, raising ₹177 crore. This transaction involved selling 3.58 lakh shares at ₹4,956 each. Her strategic business decisions and investments have cemented her position as a leading entrepreneur.
Founded in 1973, Alkem Laboratories is a major player in the pharmaceutical industry, developing, manufacturing, and marketing generic medicines and active pharmaceutical ingredients (APIs). The company has a strong presence in multiple therapeutic areas and operates globally.
The penthouse is part of the prestigious Lodha Sea-Face project developed by the Lodha Group, renowned for their ultra-luxurious properties. This development offers expansive residences, cutting-edge architecture, and unmatched amenities. With a history of delivering over 100 million square feet of real estate, Lodha Group continues to set new standards in Indian real estate.
Seema Singh’s acquisition of this high-value property underscores her success and status in the business world, further solidifying her place among Mumbai’s elite.
