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Sanjali Bajaj has acquired a sea-view apartment in Worli for INR 66.41 crore. The 5,510 sq ft apartment includes a 430 sq ft balcony and additional podium-level parking/ancillary space of over 1,370 sq ft. The stamp duty for the mid-November transaction was INR 3.32 crore, with a price of roughly INR 1.20 lakh per sq ft. This follows earlier Bajaj family purchases in Mahalaxmi worth INR 104 crore. The acquisition indicates that demand for ultra-luxury, sea-view homes among India's wealthy remains strong and continues to define Mumbai's premium real estate market.
Sanjali Bajaj, daughter of Bajaj Group scion Sanjiv Bajaj, has added another property to her luxury real estate portfolio with the purchase of a sea-view apartment on Dr. Annie Besant Road in Worli for INR 66.41 crore. The apartment, located on the fifth habitable floor, covers a carpet area of 5,510 sq ft and features a 430 sq ft balcony that offers panoramic views of the Arabian Sea. Advertisement
The property also includes additional space on the eighth podium level, measuring 1,360.89 sq ft and 14.20 sq ft, primarily designated for parking and ancillary use. The deal was officially registered in mid?November, with stamp duty for the transaction recorded at INR 3.32 crore. This puts the effective rate at approximately INR 1,20,500 per sq ft, highlighting its positioning in the ultra-luxury segment.
This acquisition follows previous high value property purchases by the Bajaj family. In 2022, members of the family acquired five sea?view apartments in Mahalaxmi for a total of INR 104 crore, with Sanjali Bajaj buying one of these units herself. These transactions reflect a sustained interest among the Bajajs in premium real estate that combines exclusivity, sea views, and high-end amenities.
Real estate analysts note that luxury apartments in prime locations like Worli continue to attract wealthy buyers, particularly those seeking spacious homes with modern facilities. Despite a steady growth pattern in the broader residential market, demand for high-end sea?view properties remains strong. This purchase further reinforces the trend of affluent Indian families consolidating their presence in Mumbai's ultra-luxury housing segment, reflecting confidence in long-term value appreciation for prime properties.
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