Pharma firm Althera’s CEO buys three luxury apartments in South Mumbai for over ₹72 crore

Global pharma firm Althera’s CEO, Sanjeev Agarwal, has purchased three luxury apartments worth over ₹72 crore in Raheja Modern Vivarea, according to property registration documents accessed by Zapkey.com

Documents show that the three apartments were purchased in South Mumbai’s Raheja Modern Vivarea, a project by K Raheja Corp.

The first apartment, which measures 2,891 sq ft and has a 217 sq ft balcony, was purchased for ₹26.42 crore on February 17, 2025.

Documents show that the second apartment, measuring 2,364 sq ft, was purchased for ₹20.09 crore on February 17, 2025. The third apartment, measuring 2,873 sq ft, along with a balcony of 217 sq ft, was purchased for ₹26.14 crore on May 22, 2024.

The documents show that all three apartments measuring over 8,100 sq ft RERA carpet were purchased in two phases for ₹72.65 crore.

Also Read: Here’s how much a luxury apartment will cost in Mumbai, Bengaluru and Delhi-NCR

The three apartments were purchased by paying a stamp duty of around ₹4.35 crore and registration fees of ₹90,000, the documents showed.

The documents show that the three apartments come with seven car parking spaces.

Emails have been sent to Sanjeev Agarwal and K Raheja Corp.

Also Read: Sales of luxury homes in the price range of ₹3 to 5 crore surge by 86%, and those costing below ₹50 lakh dip by 14%

Top deals in Mumbai’s real estate market

In the last three years, several high-net-worth individuals have purchased luxury apartments in South Mumbai and in Raheja Modern Vivarea.

In September 2024, brokerage firm Nirmal Bang Securities’ promoter Kishore Bang and his wife Suman Bang purchased two apartments in the same building for ₹45.69 crore, according to property registration documents accessed by Zapkey.

Also Read: Nirmal Bang Securities’ promoter Kishore Bang and wife Suman Bang buy two luxury apartments in Mumbai for ₹45.69 crore

In 2023, promoters of Creative Plastics Group purchased eight luxury apartments in a K Raheja Corp Homes project in Mahalaxmi for a sum of ₹154.6 crore.