Paytm Bank’s CEO’s 20 crore investment in Mumbai duplexes highlights the city’s strong real estate market despite high prices.
Surinder Chawla, the Managing Director and Chief Executive Officer of Paytm Payments Bank, has invested in two luxurious duplex apartments in Mumbai’s Lower Parel area. The cost of these two upscale apartments is a huge 20 crores.
These apartments are on the 42nd and 43rd floors of the ‘Sky Forest’ residential building. They offer a breathtaking view of the Arabian Sea and cover a massive area of 3,488 square feet together. Chawla also secured four parking spaces, a luxury in the city.
The deals for these apartments were completed and officially recorded on August 22. Each apartment required a stamp duty of 60 lakhs, which shows how exclusive they are. When you calculate the value of these apartments per square foot, it’s more than 57,300 rupees. Chawla also gets the right to use an extra 972 square feet, making these apartments even more impressive.
Surinder Chawla has a strong background in banking, with nearly 30 years of experience. He took the reins of Paytm Payments Bank in January, but his journey through the banking world is remarkable. Before this role, he was the Head of Branch Banking at RBL Bank. Even earlier, he held significant positions at HDFC Bank. His decision to lead Paytm Payments Bank has brought new energy to the bank, bringing innovative banking solutions to the people.
Chawla’s investment in these two apartments is a significant move in the real estate world.