Borivali Real Estate Soars: ₹14 Crore Sale for Luxury 4 BHK Apartment
In a significant milestone for Borivali's real estate market, a lavish 4 BHK apartment was sold for an astounding ₹14 crore, with a per square foot cost of ₹56,000.
Borivali Real Estate Soars: ₹14 Crore Sale for Luxury 4 BHK Apartment
In a landmark transaction in Borivali, a suburb of Mumbai, a 4 BHK luxury apartment has been sold for an astonishing ₹14 crore, translating to a remarkable ₹56,000 per square foot, as revealed in property registration documents obtained by IndexTap.com.
This sale marks a historical milestone, as it sets the highest price per square foot ever recorded in Borivali, placing it on par with more established areas like Andheri, Vile Parle, Dadar, and Mahim, according to real estate experts. This deal establishes a new standard for property prices in Borivali.
Spanning 2,497 square feet, the apartment is situated within the prestigious Aquaria Grande residential complex, developed by the Wadhwa Group. The buyer, Hemant Patil, is a businessman based in the Mumbai Metropolitan Region (MMR).
"This deal in Aquaria Grande at 56,000 per sq ft is the highest traded price till date in Borivali west, clearly indicating the appetite for luxury homes even in the furthest northern suburb of Mumbai," remarked Abhishek Kiran Gupta, CEO and co-founder of IndexTap.com.
Local real estate brokers reveal that apartment prices in Borivali typically fall within the range of ₹25,000 to ₹40,000 per square foot, with the majority of projects trading around ₹30,000 per square foot. This landmark deal may well redefine expectations for future transactions in the area.
