For Authentic Gossip
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Ravi, Neel and Chandru Raheja   

Mumbai Worli’s Rs 427-Cr Artesia Deal Sees Luxury Realty Buying Within The Raheja Family

It is one of the big ticket real estate deals in recent times, says – a leading real estate website. “Three duplexes, spread over five floors comprising 18 flats and 42 car parking spaces, were sold for Rs 427.81 crore.” The 60-storeyed Raheja Artesia located at Mumbai’s tony address Worli Sea Face is a project of K Raheja Corp. And interestingly, buyers are from the developer’s family. Chandru Raheja, Chairman of K Raheja and his two sons Ravi and Neel, have bought five floors between them. Thus, the duplex on 41st and 42nd floors measuring 2,079 square metres (sqm) costing Rs 143.63 crore will be occupied by second son Neel and his wife Jaya Raheja. The duplex on 42nd and 43rd floor spread over 1,989.71 sqm costing Rs 137.78 crore will be occupied by Chandru and his wife Jyoti Raheja. While the eldest son Ravi and his wife Sumati who paid Rs 146.40 crore will occupy 44th and 45th floors measuring 2,138.23 sqm. Effectively, the three families between them will be occupying 66,811 sqft. Each duplex comes with 14 car parking. This project has been attracting any number of HNI buyers, especially from the HDFC Group. HDFC Securities MD & CEO Dhiraj Relli and wife Archana forked out Rs 30.31 crore to buy an apartment. HDFC’s MD & CEO Keki Mistry paid Rs 41.23 crore and Smita D Parekh, wife of HDFC Chairman Deepak Parekh, paid Rs 50 crore.