Alkem Laboratories founder Sandeep Singh’s parents, Satish Kumar Singh and Premlata Singh, have purchased a luxury penthouse in Bandra West, Mumbai, for ₹63 crore. The transaction highlights continued demand for premium residential properties in one of the city’s most sought-after neighbourhoods.
The high-value residential unit is located in Evergreen Tower on Perry Road, a well-known luxury development in Bandra. The penthouse spans a RERA carpet area of 4,583 sq ft and has been acquired at an effective rate of around ₹1.37 lakh per sq ft. The property is positioned approximately 900 metres from the Arabian Sea and offers expansive views of the surrounding cityscape.
The penthouse has been designed as a “villa in the sky,” featuring a double-height living area and private terraces. The apartment was purchased in bare-shell condition, allowing for interior customisation after possession. Such configurations are increasingly preferred by high-net-worth buyers seeking bespoke living spaces in Mumbai’s premium residential zones.
The transaction was registered on December 15, 2025. As per registration documents, stamp duty amounting to ₹3.76 crore was paid along with a registration fee of ₹30,000. The total consideration value recorded for the deal stands at ₹63 crore.
Industry experts note that the transaction sets a notable benchmark for non–sea-facing luxury homes in the Bandra-Khar micro-market. While sea-facing properties traditionally command higher premiums, this deal reflects strong buyer interest in well-located, high-quality developments offering privacy, exclusivity, and modern architectural features.
Developed by S Raheja, Evergreen Tower is part of a growing portfolio of luxury residential projects catering to affluent buyers in western Mumbai. Developers in the region continue to see steady interest in high-end homes, driven by limited land availability, strong infrastructure connectivity, and Bandra’s status as a preferred residential destination.
Luxury residential transactions in Mumbai have remained resilient, particularly in established neighbourhoods such as Bandra West. Large-ticket home purchases like this underline sustained confidence in the city’s premium housing segment and reinforce Mumbai’s position as a key market for ultra-luxury real estate in India.
Also Read: Puravankara Acquires 53.5 Acres in Anekal Bengaluru
Yash Paul is a real estate journalist and researcher based in Bangalore. He tracks emerging property hotspots and major developer announcements. Yash is dedicated to providing transparent, factual reporting on the region's rapidly evolving housing and commercial landscape.
Related news
