The Managing Director and Chief Executive Officer of a wealth and alternatives-focused asset firm purchased two sea-view luxury apartments in a super-premium residential tower in Mumbai’s Worli area for a total of ?170 crore. The apartments cover 12,900 sq. ft. of built-up area on the 45th and 46th floors of the tower. The deal was struck at approximately ?1.31 lakh per sq. ft., making it one of the most expensive deals on a per sq. ft. basis in the country.

The apartments were purchased directly from the developer of the project. Both units had been sold by the developer within three years of acquiring them from a joint venture partner. The mixed-use development comprises two towers, one housing a luxury hotel and the other luxury residences.

The apartments bought are part of a larger set of over 60 units previously acquired by the developer from its joint venture partner for a total investment of ?4,000 crore. Another high-profile buyer recently acquired a penthouse of similar size in the same project for ?230.55 crore.

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