Anand Rathi Wealth Co-Founder Acquires ₹132 Crore Apartment at Lodha Sea Face, Worli
In a significant move, Pradeep Navratna Gupta, Co-Founder and Vice Chairman of Anand Rathi Wealth, has purchased a luxury apartment at Lodha Sea Face in Worli for ₹131.74 crore, further solidifying Mumbai's position in the luxury housing market.
Luxury HousingReal EstateMumbaiHighnetworth IndividualsAnand Rathi WealthReal Estate NewsAug 22, 2025
According to documents accessed from the registration department by CRE Matrix, the transaction was executed on August 20, 2025, with Lodha Developers Ltd as the seller. The couple paid a stamp duty of ₹7.90 crore for the property.
The sprawling apartment, located on the 40th floor (Apartment No. 4001, Wing A) of the ultra-luxury project, has a carpet area of 10,538 sq ft and comes with seven car parkings.
“This ₹130+ crore 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 India’s top business leaders and wealth creators, reaffirming that Mumbai remains the ultimate destination for luxury real estate investment,” said Abhishek Kiran Gupta, CEO & Co-Founder, CRE Matrix.
In March 2025, a luxury apartment at Lodha Sea Face in Worli was purchased for ₹187.47 crore by SR Menon Properties LLP in a primary sale transaction.
Mumbai’s real estate market has seen some of the biggest real estate transactions in recent times. Nippon Life India Asset Management tops the chart for purchasing a property at One Lodha Place, Lower Parel, for ₹486 crore on November 21, 2024. Vibha D Shanghvi follows with two significant purchases at Naman Xana, Worli, for ₹130 crore each.
Industry experts note that high-net-worth individuals (HNIs) and business leaders are increasingly parking capital into luxury real estate, both as a lifestyle choice and as a stable long-term asset.
Lodha Sea Face, developed by Lodha Group, is one of the most exclusive residential projects in Mumbai, offering panoramic views of the Arabian Sea, bespoke amenities, and expansive layouts targeted at the city’s ultra-rich.
Earlier this week, the sale of an apartment in Juhu broke all previous records in this micro real estate market of Mumbai suburb. A 9,863 square feet apartment was bought for over ₹113 crore by Aatman Innovations Pvt Ltd, a firm headed by popular speaker and author Deep Trivedi.
The apartment is located on the 10th floor of Lodha Avalon, a luxury residential project under construction on Juhu Tara Road. Lodha Developers Ltd had acquired the plot a few years back on which the Centaur Hotel once stood.
The highest deal in Juhu on the sea beach so far was at ₹1,08,000 per sq ft. The latest registration has broken that record by crossing ₹1,15,000 per sq ft.
The highest residential real estate deal in Mumbai so far has been by Pharma baroness Leena Gandhi Tewari who had purchased two sea-facing luxury duplex apartments in Naman Xana high rise in Worli sea face for ₹639 crore, with a total transaction value of ₹703 crore including stamp duty and GST.
Frequently Asked Questions
Who is Pradeep Navratna Gupta?
Pradeep Navratna Gupta is the Co-Founder and Vice Chairman of Anand Rathi Wealth, a prominent financial services company in India.
What is the significance of the ₹132 crore transaction at Lodha Sea Face?
The ₹132 crore transaction at Lodha Sea Face is significant as it highlights Mumbai's position as a leading market for luxury real estate, attracting top business leaders and wealth creators.
What are the key features of the apartment purchased by Pradeep Navratna Gupta?
The apartment purchased by Pradeep Navratna Gupta is located on the 40th floor of Lodha Sea Face in Worli, has a carpet area of 10,538 sq ft, and comes with seven car parkings.
What other major real estate transactions have occurred in Mumbai recently?
Recent major transactions include a ₹187.47 crore purchase at Lodha Sea Face by SR Menon Properties LLP, a ₹486 crore purchase at One Lodha Place by Nippon Life India Asset Management, and two ₹130 crore purchases at Naman Xana by Vibha D Shanghvi.
Why are high-net-worth individuals (HNIs) investing in luxury real estate in Mumbai?
HNIs are investing in luxury real estate in Mumbai as a lifestyle choice and as a stable long-term asset, given the city's strong market and high property values.
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