S Raheja has capped off 2025 with the sale of its ultra‑luxury penthouse at Evergreen, Perry Road, Bandra, for an impressive ₹62.81 crore. The transaction, executed and registered on December 15, 2025, stands out as one of the most notable high‑value residential deals in Bandra last year, reinforcing the micro‑market’s position as Mumbai’s premier luxury destination.
Often described as a “villa in the sky,” the penthouse offers expansive private terraces and a soaring double‑height living area, delivering scale and privacy rarely found within the city. With a RERA carpet area of 4,583 sq. ft., the deal translates to approximately ₹1.37 lakh per sq. ft., placing it among the highest‑priced residential transactions recorded in Bandra.
The residence has been acquired by members of the Singh family, founders of Alkem Laboratories Ltd., underscoring the growing preference among India’s leading business families for bespoke, low‑density homes in legacy neighbourhoods.
As Mumbai’s residential market steps into 2026, the Evergreen transaction reflects the resilience of the city’s luxury housing segment. Demand for one‑of‑a‑kind homes that combine prime location, scale, and enduring value continues to thrive, cementing Bandra’s reputation as a top‑tier luxury hub.
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