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.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

Real Estate

03 Jun 2026

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Infrastructure Transport

03 Jun 2026

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..