BENGALURU, Oct. 31 -- A Rs.236-crore apartment purchase by pharmaceutical company Gufic Pvt. Ltd adds to a growing cluster of high-value residential deals at Lodha Developers' luxury project in Mumbai's Juhu neighbourhood, where pharmaceutical promoters and business executives have emerged as prominent buyers.

Gufic has bought a duplex apartment in the under-construction Lodha Avalon project for Rs.236.33 crore, according to property registration documents accessed by Zapkey. The 14th-floor apartment has a carpet area of 19,694 sq. ft and comes with 10 parking spaces. The transaction was registered on 21 October.

The deal values the apartment at approximately Rs.1.2 lakh per sq. ft, making it one of the notable high-value residential tr...