Kotak Family Sets National Record with ₹2.71L/sq ft Worli Sea Face Property Deal

Uday Kotak and family have executed one of India's most significant residential property deals, acquiring 12 apartments worth ₹202 crore in Mumbai's prestigious Worli Sea Face area. The transaction sets a new national record at ₹2.71 lakh per square foot, surpassing previous benchmarks of ₹2.25 lakh in South Mumbai's Altamount Road.

Property Specifics

• 12 apartments spread across ground, first, and second floors
• Individual unit sizes: 173 to 1,396 sq ft
• Sea-facing views of Arabian Sea and Mumbai Coastal Road

Strategic Location

The property is adjacent to Champagne House, which the Kotak family acquired in 2018 for ₹385 crore. The new acquisition strengthens their presence in this prime location.The deal involves multiple family members including his wife Pallavi, sons Jay and Dhawal, and parents Suresh and Indira Kotak. This transaction reflects the robust luxury real estate market in Mumbai, which has seen record-breaking property registrations and stamp duty collections in January 2025.

Source: Economic Times, Business Today, Moneycontrol - February 6, 2025