Five business executives made real estate investments in Mumbai by the end of 2024
By Bricksnwall | 2024-12-27
Here are the top five real estate deals made by
industry titans like Shreegopal Kabra and Nadir Godrej of Godrej Industries in
2024.
In 2024, a number of corporate executives purchased
real estate in Mumbai. Among them were Shreegopal Kabra, the promoter of the
wires and cables maker RR Kabel Ltd, and Nadir Godrej of Godrej Industries.
The list of the top five corporate executives' 2024
real estate transactions in Mumbai is provided below.
1. For ₹270 crore, the CMD of renowned Polyester purchases two opulent residences in Worli, Mumbai
According to documents obtained by IndexTap, Macrotech Developers, also known as Lodha Group, sold two apartments in its upscale project Lodha Malabar on Walkeshwar Road, Malabar Hill, one of Mumbai's upscale neighborhoods, to Anil Gupta, the chairman and managing director of Wellknown Polyesters Ltd., for ₹270 crore in April 2024.
The two opulent apartments, according to the
records, are approximately 19,000 square feet in size and cost about ₹135
crore.
2. Shreegopal Kabra of RR Kabel and his family spend ₹198 crore on two apartments in Worli, Mumbai
According to property registration documents discovered
by IndexpTap.com, in October 2024, Shreegopal Kabra, promoter of wires and
cables producer RR Kabel Ltd, and his family members bought two homes in the
Worli neighborhood of Mumbai for ₹198 crore.
The two 13,809-square-foot apartments are located
on the 62nd floor of Oberoi Three Sixty West, a posh development by Oberoi
Realty, a real estate company based in Mumbai. According to documents, they
included ten parking places and were sold for more than ₹1.43 lakh per square
foot.
3. In South Mumbai, Nadir Godrej spends ₹180 crore on three apartments
According to records obtained by Zapkey.com, Nadir
Godrej of Godrej Industries made headlines in June 2024 when he paid ₹180 crore
for three opulent flats in south Mumbai's Ruparel House, Malabar Hill.
According to the paperwork, each of the three homes, which cost ₹59.95 crore, had 12 parking spots.
4. The top officer of Motilal Oswal spends more than ₹36 crore on a residence in Mumbai
According to property registration documents
discovered by IndexTap, Ashish Sharad Gumashta, the managing director of
Motilal Oswal Financial Services Limited, paid ₹36.19 crore in March 2024 for a
3416 square foot apartment in Bandra, Mumbai.
5. For ₹118 crore, savvy investor Rekha Jhunjhunwala purchases every apartment in a building in South Mumbai
In February 2024, Rekha Jhunjhunwala, the late
billionaire stock investor Rakesh Jhunjhunwala's widow, made headlines when she
bought nearly every apartment in a building to prevent any obstructions to her
Malabar Hill residence in South Mumbai's view of the Arabian Sea.
Just behind a sea-facing Rockside building in Malabar Hill that was up for reconstruction is Jhunjhunwala's RARE Villa house. According to property registration papers discovered by Zapkey, Jhunjhunwala paid ₹118 crore to acquire nearly all of the units in the old building because he believed that the reconstruction may limit the prime sea view from RARE Villa.
Source: Hindustan Times
