Hermes Distillery Pvt. Ltd. invested in Mumbai’s luxury residential market by acquiring ten units in Marine Lines; the total transaction value across these deals is Rs 199.35 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR) https://igrmaharashtra.gov.in. The transaction was officially registered in January 2025.
Marine Lines, one of South Mumbai’s most premium residential neighbourhoods, is known for its high-end apartments, commercial establishments, and proximity to key business hubs like Churchgate and Fort. Overlooking the Arabian Sea, the area features iconic landmarks such as Marine Drive and UNESCO-recognised Art Deco buildings. Well-connected via the Western Railway Line, Eastern Express Highway, and the upcoming Metro Line 3, it offers seamless access across Mumbai. The purchased apartments are located in Prestige Ocean Tower.
According to IGR property registration documents reviewed by Square Yards, the 10 transactions involve a total built-up area of 25,650 sq. ft (~2,383 sq. m). The carpet area of each apartment is 2,482 sq. ft (~230.58 sq. m), while the built-up area is 2,565 sq. ft (~238.3 sq. m). The transaction value per unit ranges from Rs 19.39 crore to Rs 20.54 crore, with the total transaction cost amounting to Rs 199.34 crore. The total stamp duty for the apartments is Rs 11.96 crore. Each transaction carries a standard registration fee of Rs 30,000. The purchase includes 30 car parking spaces, with three allocated to each apartment.
According to RERA, Prestige Ocean Towers is a newly launched residential project by Prestige Projects Private Limited, spread across 2.3 acres and offering 2 and 3 BHK units.
