Madhuri Dixit-Nene buys sea-view apartment in Mumbai’s Worli for Rs 48 crore Real Estate News, ET Real Estate

bollywood actress Madhuri Dixit-Nene Bought a super-premium luxury apartment with ocean view residential Project Indiabulls Blue On Dr. E Musa Road Mumbaiupscale worli 48 crores Rs.

Deals value the apartments at around Rs 90,000 per sq ft, pushing it among the largest number of deals for residential apartments in terms of value anywhere across the country so far this year.

The apartment on the 53rd livable floor of Tower C is spread over 5,384 sq ft and overlooks the Arabian Sea and Mahalaxmi Race Course.

The actress has paid Rs 2.4 crore as stamp duty alone for registering the transaction that took place on September 28. The deal has attracted a lower stamp duty of 5% as the home buyer is a woman. In 2021, the Maharashtra government had announced a concession of 1% in the prevailing stamp duty for women homebuyers.

As part of the agreement, Dixit-Nene will receive exclusive access to a total of seven car parking slots, shows documents accessed through zapkey.com which collects publicly available registration data.

Last month, Amit Bakshi, chairman and managing director of listed pharmaceutical company Eris Lifesciences, bought a super-luxury Sea-view apartment for Rs 61 crore at 3 Sixty West, a nearly complete mixed skyscraper in Mumbai’s luxurious Worli area. That deal has put the value of the apartment on the 30th livable floor of the tower at around Rs 94,500 per sq ft.

Indiabulls BLUE, a luxury residential project whose residents include businessmen, entrepreneurs and CXOs. The one-time transaction of up to Rs 100 crore has been done so far in the integrated project spread over a total of 10 acres with the lowest density.

Late last year, the actress had taken through lease another ocean-view luxury apartment spread over 5.500 sq ft in the same project on the 29th floor with a total tenure of 36 months. The family had already started the interior and fit out work in this apartment. Cannot be sure whether this lease will continue or be canceled as he has acquired this new apartment on a higher floor.

ET’s email query and call to the Dixit-Nene family remained unanswered till the time of going to press.

Mumbai, the country’s largest and most expensive real estate market, has been setting new benchmarks and records regarding property transactions for over a year since September 2020, when the state government reduced the limited window stamp duty was announced.

The crucial but limited period stamp duty reduction window that ended on March 31, 2021 was a major catalyst for the city’s residential market. While the benefit of lower stamp duty is no longer available, deals continue to flow.