New Delhi, Feb. 6 -- Kotak Mahindra Bank's founder Uday Kotak and his family bought 12 sea-facing apartments for Rs.202 crore in a residential complex at Mumbai's Worli Sea Face area, reported the news portal, citing property registration documents from Zapkey.

The residential complex is named Sagar Building at Worli Sea Face. Local brokers said that these flats were purchased at Rs.2.71 lakh per sq ft., which is the highest amount paid for a residential transaction in India, according to the news report.

The Sagar Building at Worli Sea Face overlooks the Arabian Sea and the Mumbai Coastal Road in a locality which is home to multiple high-net-worth individuals in Mumbai.

The documents reportedly showed that the Kotak family paid more t...