Anand Rathi Promoters Buy Rs 1.32 Billion Flat in Worli

26 Aug 2025 CW Team

The 10,538 sq ft apartment, located on the 40th floor of the tower, was bought by Pradeep Gupta, co-founder and vice-chairman of Anand Rathi Financial Services Ltd, and his wife Priti Gupta, managing director of Anand Rathi Share and Stock Brokers Ltd. The purchase includes seven parking spaces. According to property registration documents accessed by CRE Matrix, the transaction was registered on 20 August 2025.

Lodha Sea Face is an ultra-luxury development with only 30 residences. Recent buyers include Seema Singh, promoter of Alkem Laboratories, who acquired a unit for Rs 1.85 billion, and SR Menon Properties LLP, which purchased a 15,000 sq ft unit for Rs 1.87 billion.

Commenting on the trend, Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix, said: “This transaction reaffirms Mumbai’s unmatched position in India’s luxury housing market. With prices crossing Rs 125,000 per sq ft, Worli continues to attract the country’s leading business families and wealth creators.”

Worli’s property market has seen a sharp surge in ultra-luxury deals. In 2024 alone, 10 homes were sold above Rs 1 billion each, compared with four in the previous year. According to Anarock Property Consultants, a total of 30 homes priced above Rs 400 million—worth Rs 48.62 billion combined—were sold in Worli in 2023 and 2024.

Other recent transactions include Tanya Dubash of Godrej Industries, who bought a duplex worth Rs 2.26 billion at Naman Xana, and Amit Rathi of QiCAP.Ai, who purchased a luxury flat at Palais Royale for Rs 900 million. The promoter family of Blue Jet Healthcare also acquired three high-end homes worth more than Rs 2.02 billion earlier this year.

Worli’s sea-facing developments, including Lodha Sea Face, Naman Xana and The Legacy, are being dubbed Mumbai’s new “billionaires’ street,” reflecting the neighbourhood’s rising dominance in India’s luxury housing landscape.

The promoter family of Anand Rathi Group has purchased a luxury flat worth Rs 1.32 billion in Lodha Developers’ under-construction Lodha Sea Face project at Worli, Mumbai. The deal marks yet another high-value acquisition in the city’s most sought-after residential enclave.The 10,538 sq ft apartment, located on the 40th floor of the tower, was bought by Pradeep Gupta, co-founder and vice-chairman of Anand Rathi Financial Services Ltd, and his wife Priti Gupta, managing director of Anand Rathi Share and Stock Brokers Ltd. The purchase includes seven parking spaces. According to property registration documents accessed by CRE Matrix, the transaction was registered on 20 August 2025.Lodha Sea Face is an ultra-luxury development with only 30 residences. Recent buyers include Seema Singh, promoter of Alkem Laboratories, who acquired a unit for Rs 1.85 billion, and SR Menon Properties LLP, which purchased a 15,000 sq ft unit for Rs 1.87 billion.Commenting on the trend, Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix, said: “This transaction reaffirms Mumbai’s unmatched position in India’s luxury housing market. With prices crossing Rs 125,000 per sq ft, Worli continues to attract the country’s leading business families and wealth creators.”Worli’s property market has seen a sharp surge in ultra-luxury deals. In 2024 alone, 10 homes were sold above Rs 1 billion each, compared with four in the previous year. According to Anarock Property Consultants, a total of 30 homes priced above Rs 400 million—worth Rs 48.62 billion combined—were sold in Worli in 2023 and 2024.Other recent transactions include Tanya Dubash of Godrej Industries, who bought a duplex worth Rs 2.26 billion at Naman Xana, and Amit Rathi of QiCAP.Ai, who purchased a luxury flat at Palais Royale for Rs 900 million. The promoter family of Blue Jet Healthcare also acquired three high-end homes worth more than Rs 2.02 billion earlier this year.Worli’s sea-facing developments, including Lodha Sea Face, Naman Xana and The Legacy, are being dubbed Mumbai’s new “billionaires’ street,” reflecting the neighbourhood’s rising dominance in India’s luxury housing landscape.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Infrastructure Transport

28 Oct 2025

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

Real Estate

28 Oct 2025

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..