Breaking news: The Parekh brothers have now bought luxury flats for Rs. 100 crore. Yes, this news is true. This news has been recently announced. Many people do not know about the Parekh brothers so there are two brothers Paresh Parekh and Vijay Parekh who are directors of Surakha Realty which is a property development firm. Now the brothers have made a huge investment in real estate. We all know investing in real estate is one of the biggest investments and safe and secure and also it gives you a big return. Now read this further article completely to know about the investment of the Parekh brothers.
Parekh Brothers are the directors of Suraksha Realty. The names of the two brothers are Paresh Parekh and Vijay Parekh. Their company is a property development firm. Now they have made a big investment in the Mumbai real estate market. As per the reports, the Parelh brothers have now officially acquired two high-end seas-facing apartments in the upscale Warli area in Mumbai. They have spent a total of Rs. 100 crore. It has been claimed that these luxury apartments are located in the prestigious Naman Zena project and they occupy the top floors.
According to the reports, both of the apartments are on the top one on the 26th floor and the second apartment is on the 27th floor of the under-construction tower. It aborts the substantial 6,458 square feet of carpet area. The transaction took its place on 77th November 2023 as it involved the substantial stamp duty of the payment of Rs. 6 crore. reports have shown that the purchase at rs. 50 crore per apartment was made from the Shree Naman Residency which is the project developer. And the interior is very lavish as it is with the deal which includes a total of eight car parking spaces for the buyers.
The real estate sector of Mumbai has seen a slight surge. There were a total of 10,566 property registrations in Mumbai at the time of the month it got marked at 25.5% which increased by the last year. According to the data from the inspector general of the registration in Maharashtra, this has officially surged in the property transactions which have contributed more than Rs. 833 crores to Maharashtra revenue by the stamp duty which is reflecting around a 15% YoY increase. Stay tuned to techballad for information on this topic.