Promoters of pharmaceutical company Ideal Cures have acquired two ultra-luxury residential apartments in Mumbai’s Worli locality for a combined value of over ₹190 crore, according to property registration documents accessed through market sources. The high-value transaction was registered on December 24, 2025, reflecting continued demand for premium homes in South Mumbai’s prime residential micro-markets.
The two apartments are located on the 43rd floor of a premium residential tower in Worli and together account for a total RERA-registered carpet area of approximately 12,114 square feet. The acquisition includes ten dedicated car parking spaces, with each apartment allotted five parking slots. The effective transaction value works out to around ₹1.56 lakh per square foot, highlighting the sustained pricing strength of luxury housing in the area.
One of the apartments measures around 6,772 square feet of carpet area and features a balcony of about 629 square feet along with an open terrace of approximately 367 square feet. This unit was acquired for a consideration of nearly ₹104.9 crore. The second apartment spans about 5,342 square feet of carpet area and includes a balcony measuring roughly 504 square feet and an open terrace of about 367 square feet. The purchase value of this unit stood at approximately ₹85.2 crore.
Worli continues to be one of Mumbai’s most preferred luxury residential destinations due to its strategic location, limited availability of large-format homes, and seamless connectivity to major commercial hubs. The area offers access to key infrastructure such as the Bandra-Worli Sea Link, coastal road corridors, and established business districts, making it attractive for high-net-worth individuals seeking premium residences.
Market observers note that large luxury home purchases in prime locations are increasingly driven by end-use demand rather than short-term investment considerations. The transaction further underscores the resilience of Mumbai’s luxury residential segment, even amid broader market fluctuations.
The sellers of the apartments are reported to be associated with a leading real estate group based in Mumbai. No official comments were available from either the buyers or sellers at the time of registration.
Also Read: Foreign Investment in Indian Real Estate Declines 16% in 2025 Despite Record Institutional Inflows
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
