India, March 5 -- Directors of a financial consulting firm Sahastraa Advisors Private Limited have purchased a luxury apartment at Avalon Tower in Mumbai's Juhu area for Rs.106 crore, according to property registration documents accessed by Zapkey.com.

Paresh Shah and Avni Shah, who also trade in stocks, are the directors of the financial consulting firm Sahastraa Advisors Private Limited.

The apartment on Juhu Tara Road was sold for over Rs.1 lakh per sq ft. According to local brokers, the transaction sets a new benchmark for the Juhu locality, where an apartment was sold for above Rs.1 lakh per sq ft.

V Hotels Ltd, which was last year acquired by Macrotech Developers, also known as Lodha Group, is constructing the project. The MahaRE...