Agarwal Family Acquires Rs 227 Crore Luxury Flats in South Mumbai
The Agarwal family, promoters of Lloyd Group, have made a significant real estate investment by purchasing six luxury apartments in South Mumbai for Rs 227 crore. The deal includes 24 parking slots and spans an impressive 17,908 sq ft.
Real EstateLuxury ApartmentsSouth MumbaiAgarwal FamilyLloyd GroupReal Estate MumbaiJul 18, 2025
Ravi Agarwal, the chairman of Lloyd Realty, and Babulal Agarwal, the chairman of Lloyd Group, are the new owners of these units. The apartments are located on the 18th to 23rd floors of a prestigious building on Altamount Road, one of the most sought-after addresses in South Mumbai.
The units, part of the Kalpataru Prive project, were acquired from Kalpataru Hills Residency on July 11. The acquisition price of Rs 1.26 lakh per sq ft underscores the premium nature of this real estate investment. The 27-bedroom hall kitchen package not only offers luxurious living but also includes access to 24 car parking slots, enhancing the overall value and convenience for the new owners.
South Mumbai, known for its prime locations and high-end residential complexes, continues to attract significant investments from prominent business families. The Agarwals' acquisition reflects their strategic approach to real estate and their confidence in the long-term potential of the Mumbai property market.
Lloyd Group, a leading name in the Indian real estate and infrastructure sectors, has a strong presence in various cities across the country. The group's investment in these luxury apartments further solidifies their position in the high-end real estate market, showcasing their commitment to premium properties and their understanding of the evolving needs of affluent buyers.
This acquisition is not just a financial transaction but a statement of the Agarwals' vision for their business and personal lives. It also highlights the ongoing demand for luxury properties in Mumbai, a city known for its dynamic real estate market and high living standards.
For those interested in the real estate market, the Agarwals' purchase is a clear indicator of the sustained interest in high-value properties, particularly in prime locations. It also suggests that despite economic challenges, the luxury real estate segment remains resilient and continues to attract significant investments from affluent individuals and families.
Frequently Asked Questions
Who are the Agarwals mentioned in the article?
The Agarwals mentioned in the article are Ravi Agarwal, the chairman of Lloyd Realty, and Babulal Agarwal, the chairman of Lloyd Group. They are prominent figures in the Indian real estate and infrastructure sectors.
What is the total value of the apartments purchased by the Agarwals?
The total value of the six luxury apartments purchased by the Agarwals is Rs 227 crore.
Where are the apartments located?
The apartments are located in a prestigious building on Altamount Road in South Mumbai, one of the most sought-after addresses in the city.
What is the total carpet area of the apartments?
The total carpet area of the six apartments is 17,908 sq ft.
How many parking slots are included in the purchase?
The purchase includes access to 24 car parking slots, enhancing the overall value and convenience for the new owners.
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