Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Capri Global Holdings, parent company of financial services giant Capri Global, has purchased two apartments in Mumbai's prestigious Birla Niyaara project for a total of INR 78 crore. These residences, exceeding 4,371 and 4,719 square feet respectively, feature opulent living spaces and 10 parking spaces each, catering to high-net-worth individuals. Birla Niyaara, located in Worli, Mumbai's affluent area, offers luxurious 4 and 5-bedroom units starting at INR 30 crore, with completion expected by 2029. The development's total investment is estimated at INR 1,500 crore, highlighting its allure to Mumbai's elite for its amenities, prime location, and exclusivity.
Capri Global Holdings, the parent company of financial services giant Capri Global, has acquired two expansive apartments in the prestigious Birla Niyaara project for a combined total of INR 78 crore in Worli, Mumbai. Advertisement
These residences, exceeding 4,371 square feet and 4,719 square feet respectively, offer a glimpse into the opulent living spaces available at Birla Niyaara. Each apartment boasts a generous allotment of 10 parking spaces, highlighting the project's focus on convenience. Birla Niyaara itself is a crown jewel development located in Mumbai's affluent Worli area, known for its high-net-worth residents and sky-high property values. Here, luxurious 4 and 5-bedroom residences start at a cool INR 30 crore per unit, with a projected completion date of 2029. The total investment in developing Birla Niyaara is estimated at a staggering INR 1,500 crore, with construction costs for the three towers reaching a monumental INR 5,500 crore, according to K.T Jithendran, CEO of Birla Estates.
Capri Global's high-profile acquisition is not an isolated incident. Birla Niyaara has attracted a who's who of Mumbai's elite. Industry insiders suggest business titans and celebrities have flocked to the project, drawn by its world-class amenities, prime location, and exclusivity. This trend is mirrored across Mumbai's luxury market, where property prices have remained resilient despite economic fluctuations. In Worli alone, property values can reach upwards of INR 80,000 per square foot, highlighting the immense potential for future appreciation.
A research director at ANAROCK Group, offered valuable insights. Thakur suggested that luxury apartments of this nature could serve multiple purposes. Companies often utilise such properties for corporate needs, utilising them as opulent guest houses. These accommodations can be particularly useful for employees relocating to Mumbai, providing temporary yet spacious living spaces exceeding 4,000 square feet until they secure permanent housing. Alternatively, Thakur points out that with stamp duty alone exceeding INR 2 crore, these apartments could be seen as valuable company assets with significant potential for appreciation.
Capri Global's investment in Birla Niyaara highlights Mumbai's luxury housing market. This acquisition not only signifies the project's appeal but also reflects the continued confidence of India's business elite in the city's high-end real estate sector. As discerning clientele seek premium living experiences, Birla Niyaara and similar projects are set to remain at the forefront of Mumbai's luxury market.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
