Godrej Industries Chairman buy 3 flats for Rs 1.80 bn in South Mumbai
Real Estate

Godrej Industries Chairman buy 3 flats for Rs 1.80 bn in South Mumbai

Nadir Godrej, the Chairman of Godrej Industries, along with his family, has purchased three sea-view luxury apartments in South Mumbai's Malabar Hill. The total cost of these acquisitions from a real estate development subsidiary of the JSW Group amounts to nearly Rs 1.80 billion. The apartments are part of the under-construction Ruparel House project located on Ridge Road, offering a view of Queen's Necklace. R House Realty, a subsidiary of JSW Realty, is developing this super-luxury residential project.

The apartments, situated on the sixth, seventh, and eighth floors of the upcoming tower, cover a total area of 13,836 sq ft, including an exclusive deck and covered balcony spanning 1,029 sq ft. According to documents accessed through Zapkey.com, Nadir Godrej and his sons Burjis and Hormusji paid Rs 100.79 million as stamp duty for the registration of these transactions on June 12.

As part of the agreement, the buyers will have access to 12 car parking slots in the exclusive tower, which consists of 14 residential levels, each featuring a single apartment per floor. The project is scheduled for completion by December 2027. The total property deal, inclusive of stamp duty and GST, is valued at Rs 1.44 lakh per sq ft, marking it as one of the most expensive transactions in the country.

The surge in residential property sales across the top eight cities, driven by strong demand across mid-income, premium, and luxury segments, reached an all-time high in 2023. Mumbai, as the largest and most expensive property market in the country, continued to set records with a particularly strong performance in May, surpassing 10,000 registrations each month in the first five months of 2024. Additionally, the market has seen year-on-year registration growth for ten consecutive months since August 2023.

Nadir Godrej, the Chairman of Godrej Industries, along with his family, has purchased three sea-view luxury apartments in South Mumbai's Malabar Hill. The total cost of these acquisitions from a real estate development subsidiary of the JSW Group amounts to nearly Rs 1.80 billion. The apartments are part of the under-construction Ruparel House project located on Ridge Road, offering a view of Queen's Necklace. R House Realty, a subsidiary of JSW Realty, is developing this super-luxury residential project. The apartments, situated on the sixth, seventh, and eighth floors of the upcoming tower, cover a total area of 13,836 sq ft, including an exclusive deck and covered balcony spanning 1,029 sq ft. According to documents accessed through Zapkey.com, Nadir Godrej and his sons Burjis and Hormusji paid Rs 100.79 million as stamp duty for the registration of these transactions on June 12. As part of the agreement, the buyers will have access to 12 car parking slots in the exclusive tower, which consists of 14 residential levels, each featuring a single apartment per floor. The project is scheduled for completion by December 2027. The total property deal, inclusive of stamp duty and GST, is valued at Rs 1.44 lakh per sq ft, marking it as one of the most expensive transactions in the country. The surge in residential property sales across the top eight cities, driven by strong demand across mid-income, premium, and luxury segments, reached an all-time high in 2023. Mumbai, as the largest and most expensive property market in the country, continued to set records with a particularly strong performance in May, surpassing 10,000 registrations each month in the first five months of 2024. Additionally, the market has seen year-on-year registration growth for ten consecutive months since August 2023.

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?