India, Feb. 6 -- Uday Kotak and his family members have purchased 12 sea-facing apartments for Rs.202 crore in a residential complex named Sagar Building on Worli Sea Face, according to property registration documents accessed by Zapkey.com.

Local brokers said that these flats have been bought at a per sq ft price of Rs.2.71 lakh, the highest amount ever paid for a residential transaction across the country,

The building overlooks the Arabian Sea and the Mumbai Coastal Road. Worli is a posh locality which is home to several high-net-worth individuals.

Documents shared by Zapkey.com show that the Kotak family paid over Rs.12 crore stamp dutyto purchase the 12 apartments and a registration fee of around Rs.3.60 lakh. The apartments are s...