A senior Indian cricketer’s household has expanded its footprint in Mumbai’s eastern suburbs with the acquisition of a third apartment at Godrej Sky Terraces, a premium residential project in Deonar developed by Godrej Properties. Property registration documents reviewed by Urban Acres show the latest transaction, valued at Rs 7.18 crore, was completed in February 2026.
The apartment, measuring approximately 1,500 sq ft, is located on an upper floor of the under-construction tower and includes two car parking spaces. Stamp duty exceeding Rs 35 lakh was paid on the deal. The unit is scheduled for possession in mid-2028, indicating continued buyer confidence in projects with staggered delivery timelines despite rising borrowing costs and tighter liquidity in segments of the real estate market. This is the third purchase by the family within the same development. Two larger units registered last year together span more than 4,200 sq ft of carpet area and were transacted at a significantly higher combined value. Market analysts tracking high-value residential sales note that repeat purchases within a single project often signal long-term investment intent, potential unit consolidation, or intergenerational asset planning. Spread over just over an acre, the Deonar project primarily offers three- and four-bedroom configurations. Data compiled from public registration records indicate steady absorption over the past year, with cumulative transaction values crossing Rs 200 crore.
Average ticket sizes and per-square-foot rates in the micro-market place the project firmly in Mumbai’s upper-mid to premium residential bracket. Deonar, located near Chembur in the eastern corridor, has steadily repositioned itself from a peripheral neighbourhood to a sought-after address. Connectivity via the Harbour Line rail network, arterial road links such as the Eastern Express Highway, and proximity to commercial hubs in BKC and Lower Parel have strengthened its residential appeal. Infrastructure upgrades and redevelopment activity across eastern Mumbai have also broadened buyer interest beyond the traditional western suburbs. Urban planners say that while luxury housing transactions draw attention due to celebrity ownership, they also reflect broader capital flows into formal, regulated housing supply. High-value registrations contribute significantly to state revenues through stamp duty, which in turn funds public infrastructure. However, experts caution that balanced urban growth requires parallel expansion of affordable housing, transit integration and climate-resilient design standards.
With eastern Mumbai witnessing incremental densification, the long-term sustainability of such micro-markets will depend on mobility planning, green cover preservation and service infrastructure upgrades. For now, repeat transactions at Godrej Sky Terraces underline sustained demand for branded developments in emerging residential clusters a trend likely to shape the city’s evolving housing geography through the decade.
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Mumbai Deonar sees third Godrej Sky Terraces deal
