Devvrat Developers Purchases Five Luxury Homes in 25 South, Prabhadevi in South Mumbai For INR 113 Crores

In some great news for luxury real estate in Mumbai, there has been a 100 Cr plus property transaction in Prabhadevi, South Mumbai recently.

Information obtained by IndexTap.com indicates that Devvrat Developers Pvt Ltd of Raigad, India, paid more than Rs 113 crore for purchasing five luxury flats in 25 South in Prabhadevi, a wealthy neighbourhood in South Mumbai.

The total square footage of the luxury apartments amounts to almost 19,922 square feet.

This duplex on the 45th and 46th floors provides a total of 809 square feet of living space and three parking spaces. Stamp tax equaling 2.69 billion Rupees was paid on documents representing the unit's agreed-upon value of 44.69 billion Rupees.

This purchase of a second flat on the 45th floor included an additional Rs 1.16 cr in stamp duty, bringing the total to Rs 19.45 cr. They determined that the apartment is 3,355 square feet in size and has two parking spots.

The cost of the third condominium was Rs 19.45 crore ($1.16 million). The 45th floor is where it is located. The apartment's overall square footage is 3,355. The parking lot includes two available spaces.

The fourth apartment on the 45th floor, priced at about Rs 16 crore plus Rs 96 lakh in stamp duty, represented a substantial investment. The 2,764-square-foot apartment comes with two parking places.

The fifth flat, which was likewise located on the 45th level, cost Rs 13,65 crore plus Rs 81 lakh in stamp duty. The 2,357 square foot apartment has two parking spots.

Five different transactions were registered on November 28, 2022.

Prabhadevi is a prime luxury location in the South Mumbai real estate market and is one of the hottest destinations in Mumbai to buy luxury properties. Multiple new developments in Prabhadevi including 25 South and Rustomjee Crown have reshaped the luxury real estate market in Prabhadevi in a big way in the recent past.