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a member of Rahul Bajaj The family has bought five luxury apartments with sea views residential Assignment or Project raheja vivaria in the south Mumbai‘s mahalakshmi 104 crores of area.
Two apartments have been bought through Nirvana Family TrustWhereas Shefali Bajaj, Sanjali Bajaj and Manish Kejriwal have bought one apartment each.
Bajaj’s son-in-law Kejriwal is also the founder and managing partner of Kedara Capital. Shefali is the wife of Sanjiv Bajaj, MD and CEO of the company. Bajaj FinservAnd Sanjali is his daughter.
The family bought these apartments from Gennext Hardware & Parks, a subsidiary of project developer K Raheja Corp, and its partner Makar Realty.
Buyers have paid Rs 6.21 crore as stamp duty for registration of these deals that took place between October and November.
All the apartments are in Tower E of the complex and the most expensive of these is 3,400 sq ft on the 39th floor. It was bought by Shefali Bajaj for Rs 28.31 crore. Sanjali Bajaj has bought an apartment of the same size on the 38th floor for Rs 28.27 crore.
Kejriwal has bought a 2,433-sq ft apartment on the 36th floor for Rs 15.47 crore, while the Nirvana Family Trust bought two apartments of the same size for Rs 15.84 crore, show documents accessed through Zapkey.com, which is publicly available. Collects registration data available from
Bajaj Finserv and K Raheja Corp did not respond to queries.
Raheja Vivaria, with five luxury residential towers on 4 acres of prime real estate, is one of the marquee developments in South Mumbai and counts several corporate bosses and CXOs as residents. The project has been developed by realty developer K Raheja Corp and has been handed over to the buyers.
The country’s largest and most expensive property market, Mumbai, recorded its best ever November in terms of revenue collection in stamp duty charges, reflecting limited demand and rising interest rates.
Property transactions in Mumbai have been setting new benchmarks for more than two years following the state government’s decision to provide a limited window to lower stamp duty from September 2020.
This window, which closes in March 2021, proved to be a catalyst for the city’s housing market, although deals continued to stick around after the gains were exhausted.
Property registrations in the commercial capital of the country continued to expand and registered a growth of 17% year-on-year during the month. The exchequer got 23% more revenue of Rs 678 crore through stamp duty collection. Registrations in the first 11 months of 2022 have surpassed 2021’s total, with the city registering 112,000 deals so far.
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