The transaction for the apartment spread over more than 2,700 sq ft was registered on February 14 and the deal has attracted stamp duty of Rs 90 lakh, showed the documents accessed through IndexTap.com.
In 2021, the Maharashtra government had announced a 1% concession in prevailing stamp duty for women homebuyers. This allowed a female home buyer to pay 5% stamp duty charges for registering a deal in Mumbai.
Juhu, a prime suburban locality in Mumbai’s western region, is home to several Bollywood celebrities and business leaders, thanks to its coastal appeal, proximity to the international airport, luxury housing stock, and strong social infrastructure.
Residential property sales in India’s top eight cities touched record levels in 2024, driven by robust demand across mid-income, premium, and luxury segments. Mumbai has maintained its position as the country’s largest and most expensive property market, continuing its streak of high-value property deals.
Real estate continues to be a top investment choice for high net-worth individuals. Industrialists, Bollywood celebrities and sports personalities who have been actively acquiring properties, recognizing the value of these assets not just for personal use but also as an attractive investment opportunity that can contribute to their growing wealth portfolios.
