In a landmark real estate transaction, the Godrejs have made headlines by acquiring four ultra-luxurious apartments at their high-end project, Godrej Carmichael, located on the prestigious Carmichael Road in Mumbai. According to documents sourced via IndexTap.com, the purchases were made at a record-breaking rate of ₹1.78 lakh per square foot, setting a new benchmark for property prices in this exclusive enclave, often dubbed Mumbai’s Billionaires’ Row.
The total deal, valued at an astounding ₹290.59 crore, includes a consolidated stamp duty of approximately ₹17.5 crore. The apartments were acquired by Ceres Developers, a company where Pirojsha Adi Godrej, Chairperson of Godrej Properties, serves as a director along with Clement George Pinto, CFO of Godrej Industries. One of the four apartments was directly purchased by Freyan Crishna Bieri, Pirojsha’s cousin, and was registered on March 9. The remaining three units were registered on March 25.
Freyan’s apartment, situated on the 22nd floor and measuring 4,359.92 sq ft, was bought for ₹74.02 crore, translating to a rate of approximately ₹1,69,776 per sq ft. Ceres Developers acquired two other apartments of the same size on the 24th and 23rd floors for ₹77.77 crore and ₹75.87 crore, respectively, at record prices of ₹1,78,372 and ₹1,74,021 per sq ft. The fourth apartment, on the 25th floor, measuring 3,527.54 sq ft, was purchased for ₹20.97 crore, again at ₹1,78,372 per sq ft.
The Godrej Carmichael in Malabar Hill, Mumbai, is poised to be a landmark development, with one basement, a ground floor, and 30 above-ground floors, including eight podium levels. Rising to a height of 119.92 meters, the tower will offer panoramic views of the Arabian Sea, Mahalaxmi Racecourse, and the Willingdon Club. The project is slated for completion in December 2030.
With such high-profile deals and premium pricing, Godrej Carmichael cements its position among the most coveted addresses in Mumbai’s elite real estate market.
