Property 08/11/2023 0 Comments

HP India MD Ipsita Dasgupta buys Rs 22.52-crore apartment in Mumbai


HP India MD Ipsita Dasgupta buys Rs 22.52-crore apartment in Mumbai

The Mumbai real estate market has reported several high-value transactions in 2023. More than 1.04 lakh apartment in Mumbai registrations have been reported in the first 10 months of 2023.

The managing director of HP India, Ipsita Dasgupta, a former Apple employee, bought a 2,964-square-foot apartment in Mumbai’s Worli neighborhood for Rs 22.52 crore in October 2023. According to registration paperwork viewed by proptech company, it was bought from Gnext Hardware and Parks Pvt Limited of K Raheja Corp.

On October 26, the deal was recorded. The document states that the apartment has three parking spaces and a 100-square-foot balcony.

Requests for comments have been made via email to HP India and K Raheja Corp.

The owners of Mumbai-based real estate giant K Raheja Corp. chose to keep three floors of their opulent project, which spans 60,000 square feet and is valued at Rs 426 crore, in their control. With views of the Bandra-Worli Sea Link and the Arabian Sea, the 45-story Artesia skyscraper stands alone.

Maximum City has continuously observed a significant degree of market turbulence in the residential real estate sector. For the first ten months of 2023, there have been over 1.04 lakh property registrations recorded. Among these were a few high-value transactions. For example, in August 2023, the managing director of Paytm Payments Bank, Surinder Chawla, paid Rs 20 crore for a duplex apartment with a 2,516-square-foot carpet at Indiabulls Sky Forest in Lower Parel, Central Mumbai.

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According to a estimate, homes valued at Rs 43,000 crore were sold in Mumbai’s top 100 housing complexes in 2022, a decrease of almost 2.5 percent from the previous year.

The data shows that in 2021, 22,100 transactions in the top 100 projects saw the sale of real estate worth at Rs 44,300 crore. The investigation revealed that in 2020 and 2021, significant amounts of high-value inventory were sold shortly after the first two COVID-19 waves.