Priyanjali Mariwala of Marico Family Acquires Luxury Flat at Signature Island, BKC for INR 65 Cr

Luxury residential real estate deal in BKC

Priyanjali Mariwala, a member of the prominent Marico family, has secured a luxurious apartment in Mumbai's prestigious Bandra-Kurla Complex (BKC) for ₹65.25 crore. The sprawling 8,300 sq ft residence is located on the first floor of the ultra-luxury residential tower, Signature Island, developed by Sunteck Realty's Starlight Systems.

Key Highlights

• Luxury Acquisition: Priyanjali Mariwala buys an 8,300 sq ft apartment in Signature Island, BKC for ₹65.25 crore.
• Exclusive Access: The purchase includes four dedicated car parking slots.
• Stamp Duty Benefits: Mariwala benefits from a 1% stamp duty concession, paying ₹3.26 crore (scheme for women homebuyers).
• Prime Location: BKC is evolving into a luxury residential hub, known for its commercial prowess and upscale living standards.

Premium Pricing and Exclusive Benefits

The apartment, situated on a lower floor of the tower, is priced at ₹78,690 per sq ft. As part of the purchase, Mariwala will have exclusive access to four car parking slots within the tower. The stamp duty for this transaction amounted to ₹3.26 crore, benefiting from a 1% concession under the Maharashtra government's scheme for women homebuyers, reducing the stamp duty charge to 5%.

BKC: Emerging Luxury Residential Hub

Bandra-Kurla Complex (BKC) is rapidly gaining prominence not only as a commercial powerhouse but also as a coveted luxury residential locale. Its strategic location, excellent connectivity, and proximity to top-notch amenities make it an attractive choice for affluent homebuyers seeking a blend of business and luxury living.