Damani seals India’s largest residential portfolio deal to date

07 Feb 2023 CW Team

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.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..