luxury apartments in Mumbai sold for ₹190 crore. This transaction has taken place in Mumbai ,jointly by Suresh pareek and his wife Veena pareek .The deal highlights the continued demand for luxury apartments in Mumbai ,especially in premium locations like Worli.
Luxury Apartments in Mumbai Sold for ₹190 Crore in Worli
According to reports, Suresh pareek, founder of a pharmaceutical company, along with his wife, has jointly purchased two ultra-luxury apartments in Worli, Mumbai , for a total consideration of ₹190 crore. The combined carpet area of these apartments exceeds 12,000 square feet .These apartments are located in one of Worli’s most elite and high-profile residential zones. The information has been revealed by Zapkey.com, based on property registration documents.
Suresh pareek is a well-known and respected name in the pharmaceutical sector. He is also a venture capitalist and the founder of Ideal Cures Pvt. Ltd. , a company engaged in the manufacturing and supply of pharmaceutical excipients. According to his LinkedIn profile, he exited the company in 2022.It has also come to light that he holds 16 patents to date, reflecting his significant contribution to innovation in the pharma industry.
The luxury apartments in Mumbai purchased by pareek are located in Worli and are owned by Chandru Raheja and Jyoti Raheja ,the chairman of K Raheja crop. During the transaction, stamp duty exceeding ₹11 crore was paid, along with a registration fee of ₹60,000.
The ₹190 crore transaction for these luxury apartments in Worli translates to a per square foot rate of approximately ₹1.56 lakh. As per registration details, the apartments include two balconies with a combined area of around 11,000 square feet ,along with two terraces measuring 700 square feet each. The deal also includes ten dedicated car parking spaces, further underlining the ultra-luxury nature of the property. From an area and amenities perspective, these apartments rank among the most premium luxury apartments in Mumbai.
Mumbai continues to witness large-scale buying and selling of luxury real estate. In 2022,media reports revealed that Suresh pareek had also purchased a sea-facing luxury apartment in Worli for ₹64.57 crore, reinforcing his strong interest in high-end real estate assets.
From an investment standpoint, this transaction reflects the growing importance of Mumbai’s real estate sector. The consistent rise in high-value real estate deals highlights Mumbai’s position as a preferred destination for real estate investment. In 2025 ,the ultra-luxury housing market saw significant participation from the pharmaceutical sector, with transactions totaling approximately ₹1,530 crore . This trend indicates a growing shift of capital from the pharmaceutical industry towards real estate, driving large-scale luxury transactions.
Luxury duplex prices in Mumbai have caught everyone’s attention
Notably, India’s largest single residential real estate deal also took place in Worli, where Leena Gandhi Tiwari ,chairperson of USV Pharmaceuticals, purchased an ultra-luxury duplex apartment for ₹739 crore. Additionally, land price in Mumbai continue to rise sharply. Recently, the Railway Land Development Authority received a bid of ₹2,250 crore for a 2.5-acre land parcel in Mahalaxmi, South Mumbai. Just like in 2025, experts and researchers have stated that an increased inclination of investors toward the real estate market is expected to continue in 2026 as well.
Mumbai’s real estate market is widely regarded as a stable and sustainable investment destination. Investors from across India and around the world are drawn to the city’s growth potential. As a result, Mumbai continues to attract significant capital inflows. In return, investors expect strong returns, which are supported by ongoing infrastructure development and large-scale urban projects. Premium areas such as South Mumbai ,along with other upscale localities, remain top choices for buyers seeking luxury apartments in Mumbai.
