Mumbai’s bustling real estate market, actor and producer Aftab Shivdasani has sold a high-value residential property for ₹7 crore. The 1,304-square-foot apartment, located in the prestigious Raheja Atlantis complex in Lower Parel, was sold along with three designated car parking spaces. This transaction, documented through property registration records, has been reported to involve a stamp duty of ₹35 lakh and a registration fee of ₹30,000.
Raheja Atlantis, developed by Raheja Universal Pvt Ltd, stands as a prime example of luxury living in Mumbai. The gated residential project comprises three towers and offers over 300 units, ranging from 2 to 6 bedrooms. Current market data indicates that each unit in this development is valued at a minimum of ₹5 crore, reflecting the high-end nature of the project. The sale of Shivdasani’s apartment underscores the ongoing strength of Mumbai’s luxury real estate market. Despite fluctuating market conditions, high-net-worth individuals continue to invest significantly in premium properties, driven by the city’s reputation for upscale living and investment potential.
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The transaction highlights the robustness of Mumbai’s real estate sector, particularly in coveted locales like Lower Parel, which remains a hotspot for affluent buyers. The substantial stamp duty and registration fees associated with the deal further illustrate the value and financial commitment inherent in such high-end property transactions. Shivdasani’s sale is a testament to the enduring appeal of Mumbai’s luxury residential market, as the city remains a prime destination for both personal and investment real estate.
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