Damani seals India’s largest residential portfolio deal to date
Real Estate

Damani seals India’s largest residential portfolio deal to date

Radhakishan Damani, the founder of the retail chain DMart, and his family have purchased 24 luxury apartments in a super-premium project in Mumbai's Worli neighborhood for approximately Rs 150,00 million. This would be India’s largest residential portfolio deal to date. The Damanis bought the sea-view apartments in the Three Sixty West project on Dr. Annie Besant Road from the Sahana Group, which was developing the property in a joint venture with Oberoi Realty.

The development with mixed-use uses has two towers. The Ritz-Carlton hotel and Ritz-Carlton-managed luxury residences will reside in one. According to sources, Oberoi Realty has also acquired the Sahana Group's 63 apartments in the project as part of a buyout deal for more than Rs 340,00 million.

Damani and his company, Avenue Supermarts, have purchased a number of properties in major Indian cities that have emerged as important centers for consumption in recent years. The company has acquired five properties in Mumbai, including an eight-acre land parcel in Thane from Mondelez India, as well as retail space and land parcels worth more than Rs. 100,00 million.

Additionally, it has acquired retail space worth approximately Rs 1000 million from Sunteck Realty for its upcoming Sunteck City project in Mumbai's Goregaon suburb.The retail chain has bought two properties in Hyderabad, one each in Bengaluru and Pune, in addition to Mumbai. In addition to Damani's personal property, these transactions total more than Rs 360,00 million.

Radhakishan Damani, the founder of the retail chain DMart, and his family have purchased 24 luxury apartments in a super-premium project in Mumbai's Worli neighborhood for approximately Rs 150,00 million. This would be India’s largest residential portfolio deal to date. The Damanis bought the sea-view apartments in the Three Sixty West project on Dr. Annie Besant Road from the Sahana Group, which was developing the property in a joint venture with Oberoi Realty. The development with mixed-use uses has two towers. The Ritz-Carlton hotel and Ritz-Carlton-managed luxury residences will reside in one. According to sources, Oberoi Realty has also acquired the Sahana Group's 63 apartments in the project as part of a buyout deal for more than Rs 340,00 million. Damani and his company, Avenue Supermarts, have purchased a number of properties in major Indian cities that have emerged as important centers for consumption in recent years. The company has acquired five properties in Mumbai, including an eight-acre land parcel in Thane from Mondelez India, as well as retail space and land parcels worth more than Rs. 100,00 million. Additionally, it has acquired retail space worth approximately Rs 1000 million from Sunteck Realty for its upcoming Sunteck City project in Mumbai's Goregaon suburb.The retail chain has bought two properties in Hyderabad, one each in Bengaluru and Pune, in addition to Mumbai. In addition to Damani's personal property, these transactions total more than Rs 360,00 million.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?