Particle.news

Kailash Kher Sells BKC Office for ₹10.75 Crore

Stamp duty of ₹64.50 lakh and other transaction costs mean the reported ₹25 lakh uplift does not represent a clear net gain.

Overview

  • The sale, registered on September 9, 2026, transferred Kher’s 2,619 sq ft seventh‑floor office in Trade Centre, Bandra Kurla Complex, to Lakewater Retail Private Limited for a recorded consideration of ₹10.75 crore.
  • Kher had bought the same unit in November last year for ₹10.50 crore, so the headline price rose by ₹25 lakh, about 2.4% over his purchase price.
  • Registration documents show stamp duty of ₹64.50 lakh was paid on the transaction, and journalists note that stamp duty, registration fees, taxes and other charges typically erase short‑term headline gains.
  • The deal includes one car parking slot and sits in a 10‑storey Trade Centre building whose partial occupation certificates date to 2008, placing the sale in one of Mumbai’s priciest commercial hubs.
  • Reporting relies on property‑registration records accessed via services such as CRE Matrix and notes that neither Kailash Kher nor the buyer could be reached for comment, underscoring that the figures reflect official filings rather than party statements.