India Sotheby’s International Realty (India SIR), which focuses totally on luxurious residential gross sales and huge property transactions, Sunday mentioned the corporate has bagged a mandate to promote ₹800 crore price ultra-luxury residences at Worli in Mumbai.

The property advisor, in a press release, mentioned the corporate has signed an unique gross sales and advertising and marketing settlement with The Residency, Worli, Mumbai that homes 19 ultra-luxury residences.

Prime Realty is the developer of this challenge, India SIR mentioned.

These ultra-luxury residences are prepared with completion and occupancy certificates, India SIR added within the assertion

The property advisor mentioned the value of those ultra-luxury residences, measurement of every flat is round 5,510 sq. ft, begins at ₹60 crore every and few items have already been offered.

India Sotheby’s International Realty has acquired mandate to promote ₹800 crore price properties.

Amit Goyal, Managing Director of India Sotheby’s International Realty, mentioned, “Luxury real estate gross sales in India’s monetary capital and its wealthiest metropolis, registered record-setting gross sales within the first six months of 2023.”

India Sotheby’s International Realty didn’t disclose how a lot brokerage price it is going to earn from gross sales of those items.

The firm had in April introduced development of over 50% within the gross property gross sales turnover for FY 2023 over FY 2022. The gross sales worth of actual property transacted in FY 2023 stood at $450 million towards $300 million within the earlier yr.

Out of the entire property transactions, round 92-93% had been within the residential phase whereas the remaining are in industrial properties and capital market property transactions.

The firm’s different enterprise highlights for FY23 embody a strategic funding in prop tech agency CRE Matrix, with an acquisition of 12 % fairness.