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Seema Singh is not just a buyer of prime real estate; she is a prominent figure in the business world.
The luxurious penthouse purchased by Seema Singh is part of the Lodha Sea-Face project.
In a city like Mumbai, purchasing a lavish property worth hundreds of crores is no small feat. Yet, Seema Singh has done just that. The prominent businesswoman recently bought a stunning penthouse in Worli area, located in one of Mumbai’s most coveted addresses. At a price tag of Rs 185 crore, this luxurious residence is now the talk of the town, drawing attention not only for its opulence but also for Seema Singh’s impressive professional background.
Seema Singh’s new home is located on the 30th floor of the A-wing in the Lodha Sea-Face project, a luxurious development by the renowned Lodha Group. The penthouse spans a vast 14,866 square feet, offering ample space and breathtaking views of Mumbai’s coastline. In addition to the penthouse, Singh also secured nine parking spaces as part of the deal. The total value of this property is Rs 185 crore, and the deal includes a hefty stamp duty payment of Rs 9.25 crore. The cost per square foot of this exquisite property stands at Rs 1,24,446, reflecting its prime location and world-class amenities.
Who is Seema Singh?
Seema Singh is not just a buyer of prime real estate; she is a prominent figure in the business world. She is the promoter of Alkem Laboratories, one of the leading pharmaceutical companies in the country. Alkem Laboratories is a publicly listed company with a market capitalisation of approximately Rs 64,278 crore (as of December 12, 2024). Seema Singh holds a 2.16% stake in the company, making her a significant shareholder.
Her business acumen and strategic investments have placed her among the top players in the pharmaceutical industry. Notably, earlier this year in June 2024, Singh made headlines when she sold 0.3% of her stake in Alkem Laboratories, raising a substantial Rs 177 crore. During this transaction, she sold 3.58 lakh shares at a price of Rs 4,956 per share. Before the sale, her stake in the company stood at 2.46%, with institutional investors like ICICI Prudential Mutual Fund and Morgan Stanley Asia Singapore Pte also involved in the deal.
Under Seema Singh’s leadership and vision, Alkem Laboratories has grown into a major player in the pharmaceutical industry. The company is involved in the development, manufacturing, and marketing of generic medicines and active pharmaceutical ingredients. Alkem’s portfolio spans several therapeutic areas, and it is known for its robust market presence both in India and globally.
The luxurious penthouse purchased by Seema Singh is part of the Lodha Sea-Face project, developed by the Lodha Group, one of the most prestigious real estate developers. Known for its premium and expansive developments, Lodha Group has created some of the most sought-after properties in Mumbai and other metropolitan cities. Their projects cater to high-net-worth individuals seeking exclusive residences with unmatched amenities.
With over 100 million square feet of real estate developed to date, the Lodha Group continues to shape the skyline of Mumbai, Pune, and Bengaluru, with new ventures encompassing an additional 110 million square feet of development.