The promoter family of Blue Jet Healthcare acquired three upscale properties in Worli. These residences cost over ₹202 crore. This event highlights growing wealth within the pharmaceutical sector. It also shows its investment in Mumbai’s luxury property market.
Akshay Bansarilal Arora bought two units in Palais Royale. These apartments are in a tall skyscraper. Each unit spans 7,669 square feet. They include five parking spots each. The cost was ₹57.14 crore per unit.
Separately, Shiven Akshay Arora purchased an apartment. It is in Raheja Artesia in Worli. This home is 7,747 square feet. It came with six parking spaces. The price was ₹88 crore.
Worli has become a prime location for luxury developments. It follows areas like South Mumbai and Bandra. Many projects there exceed ₹1 lakh per square foot.
USV Chairperson Leena Gandhi Tewari bought two apartments. They are sea-facing duplexes in Worli. These cost ₹639 crore. Stamp duty and GST added nearly ₹63.9 crore. The total deal was about ₹703 crore. This is India’s most expensive home purchase.
This trend shows increased demand for luxury homes. The pharma sector is a major buyer. Experts say recent wealth gains motivate pharma leaders. They see luxury properties as safe investments and status symbols. Pharma wealth is now moving into real estate. The Zydus Family Trust bought a ₹200 crore apartment in Worli. Vibha Shanghvi, wife of Sun Pharma’s chairman, bought two apartments for ₹130 crore in Worli last year.