Anand Rathi Group Family Acquires Luxury 10,538-sq-ft Flat in Worli for ₹131.7 Crore
The promoter family of Anand Rathi Group has purchased a 10,538-sq-ft flat in Lodha Developers Ltd's luxury project at Worli, Mumbai, for ₹131.7 crore. This deal highlights the ongoing trend of high-value property acquisitions in the area.
Luxury Real EstateMumbai PropertyAnand Rathi GroupLodha DevelopersWorliReal EstateAug 22, 2025
The 10,538-sq-ft flat is on the 40th floor of the Lodha Sea Face luxury tower and comes with seven parking spots. It was purchased from Lodha Developers by Pradeep Gupta, co-founder and vice-chairman of Anand Rathi Financial Services Ltd, and his wife Priti Gupta, managing director of Anand Rathi Share and Stock Brokers Ltd, according to registration documents accessed by CRE Matrix, a real estate data analytics firm. The property was registered on 20 August.
The Guptas join a growing list of prominent homebuyers at the Lodha Sea Face project, which has only 30 residences. In December, Seema Singh, one of the promoters of Alkem Laboratories, bought a flat in the same project for ₹185 crore. SR Menon Properties LLP also bought a nearly 15,000-sq-ft unit for ₹187.47 crore.
“The latest transaction at Lodha Sea Face is yet another validation of Mumbai’s unmatched position in India’s luxury housing market. With prices crossing ₹1.25 lakh per sq ft, Worli continues to attract the country's top business leaders and wealth creators, reaffirming that Mumbai remains the ultimate destination for luxury real estate investment,” said Abhishek Kiran Gupta, CEO and co-founder of CRE Matrix.
A Lodha spokesperson did not respond to Mint's queries. The Guptas couldn't be reached for comment immediately.
Worli's luxury property rush
Luxury, sea-facing residential projects such as Naman Xana, The Legacy, and Lodha Sea Face are creating a new 'billionaire's street' in the heart of Worli. In 2024, 10 homes in Worli were sold for over ₹100 crore each, compared to four the previous year. In total, 30 homes priced above ₹40 crore, worth a combined ₹4,862 crore, were sold in Worli in 2023 and 2024, according to Anarock Property Consultants.
Prominent business families and C-Suite executives have continued to snap up luxury real estate in Mumbai this year, especially at Worli. Earlier this year, Shaula Real Estates Pvt Ltd, which lists Tanya Arvind Dubash, executive director and chief brand officer of Godrej Industries Ltd, as one of its directors, bought a duplex apartment for ₹225.76 crore in Naman Xana.
Amit Rathi, co-founder of global quantitative multi-asset trading and investments platform QiCAP.Ai, and part of the Anand Rathi Financial Services' promoter family, bought a luxury apartment in the Palais Royale project at Worli for around ₹90 crore.
The promoter family of drugmaker Blue Jet Healthcare also joined the rush, snapping up three high-end homes for over ₹202 crore this year. Blue Jet Healthcare chairman Akshay Bansarilal Arora bought two 7,669-sq-ft units in Palais Royale for ₹57.14 crore each, while managing director Shiven Akshay Arora snapped up a 7,747-sq-ft apartment in Raheja Artesia for ₹88 crore.
Frequently Asked Questions
What is the size and cost of the flat purchased by the Anand Rathi Group family?
The flat is 10,538 sq ft and was purchased for ₹131.7 crore.
Who are the buyers of the flat in the Lodha Sea Face project?
The buyers are Pradeep Gupta, co-founder and vice-chairman of Anand Rathi Financial Services Ltd, and his wife Priti Gupta, managing director of Anand Rathi Share and Stock Brokers Ltd.
How many residences are there in the Lodha Sea Face project?
The Lodha Sea Face project has only 30 residences.
What other notable purchases have been made in the Worli area?
Notable purchases include a flat by Seema Singh of Alkem Laboratories for ₹185 crore, a unit by SR Menon Properties LLP for ₹187.47 crore, and a duplex apartment by Shaula Real Estates Pvt Ltd for ₹225.76 crore in Naman Xana.
What is the significance of the luxury property market in Worli?
Worli is becoming a new 'billionaire's street' with luxury, sea-facing residential projects attracting top business leaders and wealth creators, making it a prime location for luxury real estate investment in Mumbai.
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