Cricketer’s Multi-Crore Worli Apartment Purchase Rocks Mumbai Market!

Indian cricketer Shreyas Iyer has recently made headlines with his latest real estate investment—a luxurious 525 sq ft apartment in Mumbai's upscale Worli area, purchased for a staggering ₹2.90 crore. This transaction, which was registered on September 19, 2024, has drawn attention not only for its price but also for the high cost per square foot, amounting to ₹55,238. The apartment is located on the second floor of Triveni Industrial CHSL in Adarsh Nagar, a neighborhood known for its proximity to major commercial hubs and luxury living.

This is not Shreyas Iyer's first foray into the Mumbai real estate market. The cricketer already owns a lavish apartment in Lodha World Towers, one of Mumbai's tallest buildings, which he acquired back in September 2020. That property spans 2,380 sq ft and includes three car parking spaces, showcasing Iyer's penchant for high-end living. Additionally, in July 2024, he purchased a commercial property in Worli for ₹2.9 crore, further solidifying his status as a savvy investor in the competitive Mumbai real estate landscape.

Worli has become a hotspot for luxury real estate transactions, with prices ranging from ₹1 lakh to ₹1.50 lakh per square foot. The area is home to several high-profile developments by renowned builders like Oberoi Realty and Macrotech Developers (Lodha). As urbanization continues to transform Mumbai's skyline, properties in this region are increasingly sought after by affluent buyers looking for both residential and investment opportunities.

The purchase of this apartment has sparked discussions about the rising costs of real estate in Mumbai and the implications for young professionals and families looking to settle in the city. As Shreyas Iyer continues to make waves both on and off the cricket field, his latest investment serves as a reminder of the financial prowess and lifestyle choices of contemporary athletes in India.