Mumbai’s luxury real estate market has once again made headlines, this time thanks to the Halan family, who recently purchased eight sea-facing luxury apartments in South Mumbai’s upscale Raheja Modern Vivarea project. The transaction, valued at over ₹104 crore, is among the biggest high-end residential deals in the city in recent times.
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With Mumbai’s skyline constantly evolving and its demand for premium real estate steadily rising, this deal is a clear indicator of both confidence and demand in the ultra-luxury housing segment.
The ₹104 Crore Mega Deal: What We Know
According to registration records and industry sources, the Halan family acquired:
- 8 sea-facing apartments in Tower 2 of Raheja Modern Vivarea, Mahalaxmi
- Apartments spread across four floors: 23rd to 26th
- Total built-up area: approximately 16,000 sq. ft
- Deal included 16 car parking spaces
- Stamp duty paid: over ₹6 crore
The prices vary based on unit size:
| Apartment Type | Area (Approx.) | Price per Unit | Total Price |
|---|---|---|---|
| Larger Apartments | 2,259 sq. ft | ₹14.68 crore | ₹58.72 crore |
| Smaller Apartments | 1,759 sq. ft | ₹11.31 crore | ₹45.24 crore |
| Total | 16,000 sq. ft | — | ₹103.96 crore |
What This Means for Mumbai Real Estate?
This deal reflects a strong post-pandemic resurgence in luxury home buying. According to Knight Frank’s India Real Estate Report, the demand for ₹10 crore+ homes has grown by over 50% in Mumbai since 2022.
Key Takeaways:
- Wealthy families are increasingly looking for larger, lifestyle-oriented homes
- South Mumbai remains a prime destination for high-value investments
- Developers like K Raheja Corp, Lodha, Oberoi Realty are actively launching/upgrading luxury projects to meet growing demand
- These deals are driving up per sq. ft prices, with some projects crossing ₹1 lakh/sq. ft in iconic areas like Malabar Hill and Worli
Market Impact: A Sign of What’s Coming
The Halan family’s move is more than just a high-profile deal—it signals the ongoing shift in real estate preferences:
- Buyers are now willing to pay a premium for privacy, space, location, and lifestyle.
- Investment in gated, well-amenitized luxury homes is on the rise.
- These large-ticket purchases push up benchmark pricing in surrounding localities.
In short, South Mumbai’s luxury market is not just back—it’s booming.
Quick Recap: Halan Family’s Landmark Buy
| Feature | Detail |
|---|---|
| Location | Raheja Modern Vivarea, Mahalaxmi |
| Flats Purchased | 8 Apartments (23rd–26th Floors) |
| Total Area | Approx. 16,000 sq. ft |
| Parking | 16 Car Parking Spaces |
| Total Deal Value | ₹103.98–104 crore |
| Stamp Duty Paid | ₹6+ crore |
| View | Sea-facing, high-rise premium apartments |
Conclusion
The ₹104 crore deal by the Halan family is a defining moment for Mumbai’s luxury real estate market. It not only highlights the continued investor interest in South Mumbai properties but also reinforces the growing appeal of exclusive, sea-facing, amenity-rich homes.
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Frequently Asked Questions
Q. Who are the Halan family?
A. The Halani family is a prominent business family based in Mumbai. They recently made headlines for buying 8 luxury apartments in a premium South Mumbai project.
Q. How much did they spend on the real estate deal?
A. They spent approximately ₹104 crore on 8 sea-facing luxury flats in Raheja’s Modern Vivarea, Mahalaxmi.
Q. Where are these apartments located?
A. The apartments are located on the 23rd to 26th floors of Tower 2 in the Raheja Modern Vivarea project in Mahalaxmi, Mumbai.
Q. How big are the apartments?
A. Each unit ranges from 1,759 sq ft to 2,259 sq ft, with a total combined area of around 16,000 sq ft.
Q. How many car parking slots are included?
A. The deal included 16 car parking slots, two for each flat.
Q. How was the stamp duty that was paid?
A. The family paid more than ₹6 crore in stamp duty as part of the transaction.