Anand Rathi Wealth Co-Founder Acquires ₹132 Crore Flat at Lodha Sea Face, Worli
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, marking one of the city's biggest residential real estate deals this year.
Real EstateLuxury ApartmentMumbaiHighnetworth IndividualsPradeep Navratna GuptaReal EstateAug 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 purchase at Lodha Sea Face?
The purchase of a luxury apartment at Lodha Sea Face for ₹131.74 crore is significant as it highlights the growing interest of high-net-worth individuals in luxury real estate in Mumbai.
What are the key features of the apartment at Lodha Sea Face?
The apartment is located on the 40th floor, has a carpet area of 10,538 sq ft, and comes with seven car parkings. It offers panoramic views of the Arabian Sea and bespoke amenities.
What other significant real estate transactions have taken place in Mumbai recently?
Recent significant transactions include the purchase of a property at One Lodha Place for ₹486 crore and two apartments at Naman Xana for ₹130 crore each.
Why are high-net-worth individuals investing in luxury real estate in Mumbai?
High-net-worth individuals are investing in luxury real estate in Mumbai as a lifestyle choice and as a stable long-term asset, given the city's strong real estate market and the prestige associated with luxury properties.
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