Amit Shah Buys 2 Luxury Apartments in Lower Parel for ₹92.51 Crore

Amit Shah, the founder and CEO of wealth-tech platform Wylth and former CEO of IIFL Capital Pte. Ltd., has bought two luxury apartments in Mumbai's Lower Parel for a combined ₹92.51 crore. The apartments, located on the 40th habitable floor of Wing A of Kalpataru One, were registered on August 20, 2026.

The two apartments have a RERA carpet area of 410.84 sq m each, with a combined area of 821.68 sq m. Additionally, they have a combined open balcony area of 63.48 sq m. The transaction works out to approximately ₹1.05 lakh per sq ft based on the RERA carpet area.

The purchase includes eight vehicle parking spaces, with four parking spaces allotted to each apartment. The seller is Kalpataru Properties Limited.

This deal comes shortly after another major transaction involving Kalpataru One, where the family of veteran investor Bharat Shah purchased four luxury apartments in the same development for around ₹180 crore.

The demand for large-format luxury residences in Mumbai's Lower Parel-Worli belt continues to be high, driven by limited supply and proximity to commercial hubs. The latest purchase highlights the premium property values in this area.

Amit Shah's purchase is a significant transaction in the Mumbai real estate market, indicating the continued interest in luxury properties. The deal is expected to have a positive impact on the market, with more buyers looking to invest in high-end properties.

The Mumbai real estate market has seen several high-value transactions in recent months, with buyers looking to invest in luxury properties. The demand for such properties is expected to continue, driven by the limited supply and the desire for high-end living.

The Kalpataru One development is a prime example of luxury living in Mumbai, with its high-end amenities and proximity to commercial hubs. The development has seen several high-value transactions in recent months, with buyers looking to invest in luxury properties.

In conclusion, Amit Shah's purchase of two luxury apartments in Lower Parel for ₹92.51 crore is a significant transaction in the Mumbai real estate market. The deal highlights the continued demand for large-format luxury residences in the city and is expected to have a positive impact on the market.

The Mumbai real estate market is expected to continue to see high-value transactions in the coming months, driven by the demand for luxury properties. The limited supply of such properties is expected to drive up prices, making it a challenging market for buyers.

However, for those looking to invest in luxury properties, the Mumbai real estate market offers several opportunities. With its high-end amenities and proximity to commercial hubs, the city is an attractive destination for buyers looking to invest in luxury properties.

Overall, the purchase of two luxury apartments in Lower Parel for ₹92.51 crore is a significant transaction in the Mumbai real estate market. The deal highlights the continued demand for luxury properties in the city and is expected to have a positive impact on the market.