Signature Islands Bandra Kurla Complex by Sunteck Realty Triplex Sold for 100 Cr

Signature Islands Bandra Kurla Complex by Sunteck Realty Triplex Sold for 100 Cr

Signature Islands Bandra Kurla Complex by Sunteck Realty Triplex Sold for 100 Cr

GECOM International has made a significant move in Mumbai’s luxury real estate market by acquiring a triplex apartment in Signature Island, Bandra-Kurla Complex (BKC) for nearly 100 crore. This ultra-premium residence spans 11,295 sq. ft. of carpet area on the 15th habitable floor, offering expansive living spaces in one of the most sought-after luxury towers in the city.

Key Transaction Details

  • Property: Triplex Apartment in Signature Island, BKC

  • Carpet Area: 11,295 sq. ft.

  • Floor: 15th Habitable Floor

  • Transaction Value: 100 crore

  • Stamp Duty Paid: 6 crore

  • Parking Slots: 10 Exclusive Car Parks

  • Buyer: GECOM International, a company specializing in educational collaborations between Indian and foreign universities.

This high-profile acquisition further cements BKC’s reputation as the preferred luxury residential and business hub in Mumbai, attracting high-net-worth individuals from across industries.

BKC: The Hub of A-Grade Commercial Spaces

BKC has established itself as Mumbai’s top business district, boasting Grade-A commercial spaces that house the headquarters of leading banks, multinational corporations, and financial institutions. This influx of corporate giants has significantly strengthened BKC’s positioning as a prime business and luxury residential hub.

Expat-Friendly Residential Communities

Among the most popular luxury residential projects in BKC, Signia Isles and Signia Pearl have emerged as top choices for expat families, given their proximity to prestigious international schools such as the American School of Bombay and Dhirubhai Ambani International School. This has further increased the demand for premium residences in the area.

Luxury Hospitality & Cultural Attractions

Adding to BKC’s lifestyle appeal is its high-end hospitality sector, with Trident and Sofitel catering to business executives and international visitors. The recently launched Nita Mukesh Ambani Cultural Centre (NMACC) has further elevated BKC’s status as a cultural and entertainment hotspot, hosting world-class performances, art exhibitions, and exclusive events.

BKC: The Heart of Mumbai’s Gourmet Dining Scene

Over the years, BKC has evolved into Mumbai’s premier destination for high-end gourmet restaurants. The area is now home to some of the city’s most exclusive fine-dining establishments, curated by Michelin-starred chefs and luxury hospitality brands. This transformation has made BKC a go-to destination for affluent professionals, celebrities, and corporate executives, further increasing the attractiveness of residential properties in the area.

Luxury Real Estate Boom in Mumbai

The overall real estate market in Mumbai has been witnessing a surge in high-value transactions, with properties priced above 100 crore selling faster than ever. The city remains India’s most expensive real estate market, with BKC leading as the most sought-after location for ultra-luxury living.

Signature Island: A Coveted Address

Signature Island, developed by Sunteck Realty, has seen ownership by some of the biggest names in business and entertainment, including:

  • Uday Kotak (Founder, Kotak Mahindra Bank)

  • Gautam Adani (Chairman, Adani Group)

  • Vikram Pandit (Former CEO, Citigroup)

  • Gunit Chaddha, Mihir Doshi, and Ashok Wadhwa

  • Bollywood stars Aishwarya Rai Bachchan and Sonam Kapoor

With its strategic location, top-tier infrastructure, and seamless connectivity, BKC continues to be the epicenter of Mumbai’s luxury real estate market. The presence of global financial institutions, corporate headquarters, and premium lifestyle amenities ensures that BKC remains the preferred destination for India’s elite buyers.

Expert Opinion

Sandeep Sadh, a real estate expert, commented on the growing prominence of BKC, stating, "BKC has transformed into Mumbai’s most desirable location, not just for business but also for ultra-luxury living. The combination of world-class commercial spaces, premium residential towers, top international schools, and high-end lifestyle amenities makes it an unbeatable choice for high-net-worth individuals."


 
About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/