Hermes Distillery Acquires Multiple Residential Units in Mumbai for ₹199.34 Crore

Mumbai, March 21, 2025: Hermes Distillery has made a significant investment in Mumbai’s luxury residential market by acquiring 10 units in Marine Lines. The total transaction value across these deals is INR 199.35 crore, according to property registration documents reviewed by Square Yards on the website of the Inspector General of Registration (IGR). 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-recognized 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 INR 19.39 crore to INR 20.54 crore, with the total transaction cost amounting to INR 199.34 crore. The total stamp duty for the apartments is Rs. 11.96 crore. Each transaction carries a standard registration fee of INR 30,000. The purchase includes a total of 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.

Hermes Distillery Private Limited, established in 2008, is a prominent beverage manufacturer based in Belgaum, Karnataka, India. The company specializes in producing a diverse range of alcoholic beverages, including whisky, vodka, rum, and brandy. It operates from its manufacturing unit located on Ankli-Raibag Road in Raibag, Belgaum.