Indian billionaire and Chairman of Godrej Industries, Nadir Godrej, has recently made a notable real estate investment in Mumbai’s coveted South Mumbai area. According to reports, Nadir Godrej, alongside his family, has purchased three luxurious sea-facing apartments from R House Realty Pvt Limited, a subsidiary of the JSW Group. The transaction, amounting to a staggering Rs 180 crore, underscores the continued allure of South Mumbai among India’s wealthiest.
The apartments, located on the sixth, seventh, and eighth floors of Ruparel House on Ridge Road, Malabar Hill, were reportedly acquired for approximately Rs 59.95 crore each. Stamp duties totaling Rs 3.5 crore per property were paid, highlighting the substantial nature of the purchase.
This acquisition adds Nadir Godrej’s name to the list of prominent Indian billionaires who have recently invested heavily in South Mumbai’s real estate market. Earlier this year, figures like Mavjibhai Patel and Rekha Jhunjhunwala also made significant purchases in the region, underscoring its appeal as a prime location for ultra-luxury residential investments.
The trend reflects the ongoing confidence of India’s wealthiest individuals in the enduring value and prestige associated with properties in South Mumbai, where real estate transactions continue to set new benchmarks for exclusivity and luxury.