The family of veteran investor Bharat Shah, co-founder of ASK Asset and Wealth Management Group, has purchased four ultra-luxury apartments in Mumbai’s Worli for ₹179.41 crore. According to property registration documents reviewed by Zapkey, the flats were acquired on the higher floors of Kalpataru One from Kalpataru Properties Limited. The transaction was registered on July 6, 2026, at a per-square-foot RERA carpet price of ₹1.01 lakh.
The buyers named in the documents are Preeti Bharat Shah and Kinnari Bharat Shah. Each apartment was valued at approximately ₹44.85 crore. The four residences together have a total area of 1,770.32 square meters, approximately 19,056 square feet. This comprises a combined RERA carpet area of 1,643.36 square meters, 17,689 square feet, and a balcony area of 126.96 square meters, 1,367 square feet. Each apartment offers a RERA carpet area of around 410.84 square meters, 4,422 square feet, along with a balcony measuring 31.74 square meters, 342 square feet.
The apartments were purchased with a total of 16 car parking spaces, with four parking slots allotted to each residence. Property documents show that stamp duty of ₹8.97 crore was paid on the transactions. Since the properties were registered in the names of female buyers, a 1 percent concession in stamp duty was availed under the Maharashtra government’s policy that offers lower stamp duty for women homebuyers. An email query was sent to Kalpataru Properties Limited. Preeti Bharat Shah and Kinnari Bharat Shah could not be reached for comment.
Worli, along with Worli Sea Face, continues to command some of the country’s highest residential values. The demand is driven by uninterrupted sea views, a limited supply of luxury residences, and proximity to Mumbai’s key commercial hubs including Bandra-Kurla Complex, Lower Parel, and Nariman Point. The micro-market has seen several high-value transactions in recent months, reinforcing its position as a preferred location for ultra-high-net-worth buyers.
On July 3, 2026, Radhi Girish Navani, wife of Girish Navani, Chief Executive Officer and co-founder of healthcare technology firm eClinicalWorks, purchased an ultra-luxury apartment spanning over 6,400 square feet in Worli for ₹162.2 crore. The deal works out to nearly ₹2.5 lakh per square foot, ranking among the city’s most expensive residential transactions, according to property registration documents accessed by Zapkey.com.
In May 2026, Tanya Dubash, a member of the Godrej family, acquired two sea-facing apartments in Worli for ₹294 crore at around ₹2.54 lakh per square foot. In May 2025, Dubash purchased a luxury duplex apartment for over ₹226 crore in the same housing complex. The deal price translated to approximately ₹2.16 lakh per square foot, according to the property documents. The duplex unit has a carpet area of 856 square meters, 9,214 square feet, and a balcony of 114 square meters, 1,227 square feet.
Mumbai Luxury Market Remains Resilient
The Kalpataru One transaction adds to a series of premium residential deals in South Mumbai in 2026. Despite overall property registrations hitting record highs, stamp duty collections have shown softening, indicating a shift toward fewer but higher-value deals. Developers in Worli are focusing on larger carpet areas, sea-facing configurations, and limited inventory to meet demand from investors and promoters. With infrastructure connectivity improving and commercial centers nearby, Worli is expected to remain a key destination for luxury housing in Mumbai.
Image Courtesy: Moneycontrol
