Althera’s CEO buys three ultra-luxurious apartments in South Mumbai, making headlines with a total investment of over ₹72 crore. Sanjeev Agarwal, the head of the global pharmaceutical company, finalized the deals in two phases, securing prime real estate in one of Mumbai’s most sought-after locations.
Althera’s CEO Buys Three Luxury Apartments
The first apartment, measuring 2,891 sq ft with a 217 sq ft balcony, was purchased for ₹26.42 crore on February 17, 2025. The second apartment, spanning 2,364 sq ft, cost ₹20.09 crore on the same date. The third, a 2,873 sq ft unit with a similar balcony, was acquired earlier on May 22, 2024, for ₹26.14 crore.
Together, these three apartments offer over 8,100 sq ft of RERA carpet area. The total stamp duty paid for these properties was approximately ₹4.35 crore, along with a registration fee of ₹90,000. The deal also includes seven designated car parking spaces, adding to the exclusivity of the purchase.
Althera’s CEO buys these high-end apartments in Raheja Modern Vivarea, a luxury residential project in Mahalaxmi. Known for its opulent design, the development spans 35.16 acres and consists of 502 units, offering 3BHK and 4BHK configurations. Apartment sizes range from 1,669 sq ft to 3,090 sq ft, providing spacious layouts for premium living.
One of the standout features of the project is its 12.5 ft floor-to-floor height, creating an expansive and airy environment. Wide sundecks offer breathtaking views of the Arabian Sea, Mahalaxmi Racecourse, and the golf course, making it a dream location for high-net-worth individuals.
The interiors of these apartments boast premium marble flooring, false ceilings, and VRF air conditioning for enhanced comfort. Large floor-to-ceiling windows bring in abundant natural light while the double-glazed unitized glass ensures sound insulation. Separate entries for staff are also included to maintain privacy for residents.
Raheja Modern Vivarea is not just about luxury but also sustainability. It holds an IGBC Green Homes Gold Rating, reflecting its eco-friendly design. The project features rainwater harvesting systems, open green spaces, and energy-efficient building materials.
Security is another key highlight, with 24×7 surveillance, CCTV monitoring, and advanced safety measures in place. The project also includes modern recreational facilities such as jogging tracks, children’s play areas, fitness centers, swimming pools, and spa services spread across multiple levels.
Althera’s CEO buys into a prime location with excellent connectivity. Mahalaxmi provides easy access to major business hubs like Lower Parel and Worli, as well as quick connectivity via the Bandra-Worli Sea Link. The presence of top restaurants, luxury retail stores, and renowned educational institutions further enhances its appeal.
This investment reflects a broader trend where business leaders and high-net-worth individuals are drawn to South Mumbai’s luxury real estate market. With infrastructure development and rising demand, this region continues to be a hotspot for premium property buyers.
As Althera’s CEO buys into this prestigious development, it reaffirms the growing appeal of South Mumbai as a prime residential destination. With luxury, sustainability, and connectivity all in one place, this investment showcases the enduring charm of high-end real estate in the city.
