Mumbai: Triplex Apartment In BKC's Signature Island Sold for ₹99 Crore, One Of Year’s Largest Luxury Real Estate Transactions

Mumbai: In one of the largest luxury real estate transactions of the year, a triplex apartment on the 15th floor of Signature Island, located in the upscale Bandra Kurla Complex (BKC) in Bandra (East), Mumbai, has been sold for a staggering Rs 99 crore.

According to registration documents accessed by IndexTap.com, the apartment was sold by Sunteck Realty Ltd to GECOM International Pvt Ltd. The agreement for the sale was registered on January 10, 2025, with a stamp duty of Rs 5.94 crore paid on the transaction.

Spanning an expansive built-up area of 17,742 sq. ft., the premium property comes with 10 dedicated car parking spaces. The per square foot price for the transaction stands at an impressive Rs 55,800.

Signature Island, known for its luxurious amenities and prime location in BKC, is a highly sought-after address among high-net-worth individuals and corporate entities. This sale highlights the continued demand for ultra-luxury residential properties in Mumbai’s financial district despite fluctuating market conditions.

Real estate analysts note that this transaction is a testament to the resilience of the luxury segment, where location, exclusivity, and premium facilities drive value. Such high-value deals also contribute significantly to government revenue through stamp duties and registration fees.

The sale marks another milestone in Mumbai’s elite real estate market, reaffirming its status as one of the most expensive and dynamic property markets in India.