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Ravi Agarwal, chairman of Lloyd Realty, along with Lloyd Group chairman Babulal Agarwal, has purchased six ultra-premium apartments in Kalpataru Prive, a high-end residential tower located on Altamount Road in South Mumbai. The transaction, valued at INR 227 crore, involves units spanning the 18th to 23rd floors with a total carpet area of 17,908 sq ft, at a rate of INR 1.26 lakh per sq ft. The deal also includes 24 car parking spaces.
Lloyd Group's promoter family has finalised a major residential real estate transaction by acquiring six luxury apartments in the upscale Kalpataru Prive project, situated on South Mumbai's Altamount Road. The transaction, valued at INR 227 crore, was registered by Zapkey and involved the purchase of units between the 18th and 23rd floors of the tower. Advertisement
Ravi Agarwal, chairman of Lloyd Realty, and Babulal Agarwal, chairman of Lloyd Group, were the buyers in the deal. The combined configuration of these six apartments reportedly includes 27 bedrooms and a kitchen-hall layout, collectively offering a total carpet area of 17,908 sq ft. The transaction was executed at an average rate of INR 1.26 lakh per sq ft, positioning it among the priciest deals in the locality in recent times.
These units were acquired from Kalpataru Hills Residency. Along with the expansive residential space, the buyers also secured 24 car parking slots as part of the package.
Altamount Road, often referred to as India's "billionaires' row," has consistently ranked among the most expensive real estate stretches in the country. Kalpataru Prive itself has been home to other high-profile residents, and transactions in the building have historically commanded premium valuations.
As developers release limited inventory in such marquee addresses, landmark transactions like this not only reflect buyer confidence but also signal sustained momentum in the ultra-luxury housing segment.
Source - PTI
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