India Sotheby’s International Realty to sell 19 ultra-luxury residences worth Rs 800 crore in Worli
India Sotheby’s International Realty, a leading luxury real estate transaction and advisory firm today announced the signing of an exclusive sales and marketing mandate with The Residency, Worli, Mumbai that houses 19 ultra-luxury residences. These residences are ready with completion and occupancy certificates.
Situated in Mumbai’s prime location Dr. Annie Besant Road in Worli, The Residency stands tall as a captivating modern building, housing one residence per floor with 18 residences and 1 duplex penthouse. These flexible yet luxurious residences have a grand footprint of approx. 5510 sq. ft. which includes 425 sq. ft of balcony space each. Imagined as elegant living spaces, these residences can be customized to configurations up to 5 bedrooms. Talati & Partners have skillfully combined every necessary utility with lavish amenities to make living at The Residency an experience in itself.
The most captivating feature of this project is its coveted location combined with its design. The floor-to-ceiling windows in each apartment offer panoramic sea views360-degree views of the city’s iconic landmarks including Haji Ali, Mahalaxmi Racecourse, Nehru Planetarium, and the upcoming Mumbai coastal road.
“We are elated to get the exclusive marketing mandate for The Residency, Worli, Mumbai. The project embodies luxury living at its best,” said Amit Goyal, Managing Director of India Sotheby’s International Realty. “Luxury real estate sales in India’s financial capital and its wealthiest city, registered record-setting sales in the first six months of 2023. We believe this project offers the UHNIs of Mumbai a once-in-a-lifetime opportunity to own a truly unique lifestyle in the financial capital’s high-demand location, Worli.”
“India Sotheby’s International Realty have proven their mettle in luxury real estate marketing in India. We couldn’t have asked for a better global firm to market our ultra-luxury, exclusive residences. This project is one of the very few ready to occupy luxury residential projects in South Mumbai. Our focus lies not in competing with large scale developers, but in creating landmark assets such as CEEJAY house which continues to boast of housing the best of Corporate India” says Prajay Patel, Managing Partner of Prime Realty Group.
Xerxes Talati, the founder of Talati & Partners adds, “As a design firm, we are truly proud of being the architects of The Residency, Worli, Mumbai. This project elevates luxury living by many notches and is unmatched in both the expansive living it offers, and the 360-degree views. Every minute detail of the single-floor residences has been curated to enhance the quotient of luxury living. We believe that the freedom to customize and design the space is an additional advantage. Well-traveled global wealthy have their own preferences for space and interiors.”
The prime location of the building, Dr. Annie Besant Road in the heart of Mumbai, is an exceptional mix of heritage and vibrant modern energy. The road provides easy access to the city’s most iconic landmarks, major business districts, cultural centers, and leisure destinations, making it a sought-after address.
Real estate has made a meaningful come-back into the UHNI portfolios, with wealth creation in India growing at a fast pace, and the country’s wealthiest city Mumbai is set to enter the list of top 20 cities with the greatest number of millionaires by 2023. Super-luxury projects, with exceptional location and design advantages, are in high demand.
About India Sotheby’s International Realty
Born from the rich heritage of Sotheby’s Auction House, Sotheby’s International Realty (SIR) is an iconic global brand, with a legacy of quality service and unmatched expertise. The SIR network is present in 81 countries and territories with 1,075 offices and 26,500 sales associates and has achieved a record real estate global sales volume of $167 Billion in the year 2022.
The brand established its presence in India by setting up its first office in New Delhi in July 2014. It now has offices in Delhi, Mumbai, Kolkata, Bangalore, Goa, Colombo. The team in India comprises senior private bankers and experts from real estate, hospitality and luxury goods industries who have lived and worked in various parts of India and abroad, bringing a wealth of experience which has won the trust of an affluent and exclusive clientele.