The high-value deals in real estate are getting closed in Mumbai's emerging prime hot spot, Worli. In 2024, total registrations of 683 residential units in both primary and secondary markets with a transaction value of ₹7,326 Cr were made.
A Luxurious residence in Worli at Lodha Sea Face, built by Lodha Group (Macrotech Developers LTD.), has been bought for ₹187.47 crore by SR Menon Properties LLP in a primary sale transaction. The deal was registered in March 2025 and became one of the biggest residential sales in Mumbai's luxury real estate market.
The property is situated in Worli, in Lodha Sea Face. It is a luxury residential project developed by Macrotech, according to property registration documents reviewed by the real estate platform Square Yards. According to the RERA (Real Estate Regulation and Development) Act, 2016, the project is spread across 1.5 acres of land parcel, boasting 29 exclusive residential units featuring 5 BHK and 6 BHK apartments in Worli. Incorporated in May 2024, SR Menon Properties LLP has a total of two designated partners: Sudhir Vijay Menon and Radhika Narang Parasram.
The apartment bought by SR Menon Properties LLP features a carpet area of 1,381.09 sq. m. (14,866 sq. ft.), including seven car parking areas. The transaction draws a stamp duty payment of ₹11.25 crore and ₹30,000 for registration charges. The transaction was a primary sale and was purchased from Lodha Group (Macrotech Developers Ltd).
Between January and December 2024, there were 683 residential registrations in the primary and secondary markets of Worli, one of South Mumbai's most sought-after luxury residential areas, renowned for its upscale high-rises and apartments with sea views. The total transaction value of these registrations reached ₹7,326 crore. As of December 2024, the average price of residential real estate in the area, including primary and secondary properties, stood at ₹84,754 per square foot.
The Worli neighborhood offers convenient access to business districts like BKC and Nariman Point via the Bandra-Worli Sea Link, the Eastern Express Highway, and key arterial roads. Worli continues to attract HNIs, celebrities, expatriates, and senior professionals because of its first-rate social infrastructure, high-end shopping, and proximity to business centers.
Worli's success is also attributed by real estate firm Anarock to proximity to major business areas like Lower Parel, Nariman Point, and Bandra-Kurla Complex (BKC), supported by significant infrastructure projects such as the Mumbai Coastal Road, Mumbai Metro Line-3, the Bandra-Worli Sea Link, and the Eastern & Western Express Highways, as well as the overall luxury housing surge. According to its latest report, projects like Altimus, Lodha Supremus, and One Lodha Place have solidified Worli's reputation as a preferred business hub.
Some of the largest real estate deals in recent years have taken place in Mumbai's real estate market. On November 21, 2024, Nippon Life India Asset Management paid ₹486 crore to acquire a property at One Lodha Place, Lower Parel, which topped the charts. Vibha D Shanghvi then made two significant purchases for ₹130 crore each at Naman Xana in Worli.
The 47-year-old founder of Info-X Software Technology Pvt Ltd, Rishi Parti, bought an ultra-luxurious 16,290-square-foot penthouse at DLF Camellias, on Gurugram's Golf Course Road, for ₹190 crore in December 2024, marking the most expensive individual purchase in India that year. Setting a new benchmark in India's luxury real estate market, these transactions translated to an astonishing ₹1.8 lakh per square foot for the carpet area and ₹1.2 lakh per square foot for the super area.
The consistent demand for luxury real estate in the nation's most desirable areas is evident in these high-value transactions.