Anand Rathi Wealth Co-Founder Buys Luxury Apartment in Mumbai’s Worli for ₹131 Crore
Pradeep Navratna Gupta, co-founder and vice chairman of Anand Rathi Wealth, and his wife, Preeti Gupta, have acquired a luxury apartment in the prestigious Worli Sea Face area of Mumbai for ₹131 crore. The 10,538-square-foot apartment on the 40th floor of the Lodha Sea Face building highlights the continued interest in Mumbai’s luxury real estate market.
Luxury Real EstateMumbaiWorliAnand Rathi WealthLodha DevelopersReal Estate NewsAug 23, 2025
The apartment has been purchased in a building named Lodha Sea Face, being constructed by the Lodha Developers. The documents show that the 10,538-square-foot apartment has been purchased on the 40th floor of the sea-facing building.
According to the documents, the apartment and seven car parks were purchased at ₹1.25 lakh per square foot. The property registration documents reveal that the transaction was registered on August 20, 2025, and a stamp duty of ₹7.90 crore, along with a registration fee of ₹30,000, was paid.
Earlier this year, Amit Rathi, co-founder of QiCAP.AI, purchased a luxury apartment worth ₹89.91 crore in India's tallest building, Palais Royale in Mumbai's Worli, according to the property registration documents accessed by Zapkey.com. The documents show that the apartment was purchased on the 62nd floor of India's tallest building, which is around 320 metres in height, in Central Mumbai's Worli.
According to the documents, the apartment has a built-up area of 7,685 sq ft and was purchased at ₹1.17 lakh per sq ft. Last year, financial expert Anand Rathi and family added three luxury apartments to their real estate portfolio, purchased for ₹98.94 crore in Mumbai’s upscale Worli locality.
One of the three residential units was acquired in Raheja Artesia for ₹33.70 crore, the documents showed. The apartment, spanning 2,964 square feet of RERA carpet area, was purchased in the names of Supriya Amit Rathi, Jiya Amit Rathi, and Tanisha Amit Rathi. The deal was registered on September 13 and named K Raheja Corp Pvt Ltd as the seller.
Two of the three units were purchased in Tower B of Birla Niyaara Phase 2 for a combined price of ₹65.23 crore. According to the documents, the deals were registered on August 22 and September 13 and included a stamp duty of ₹3.91 crore. Each unit is 330.15 square metres in size and purchased from Birla Estates Private Ltd.
Worli is one of South Mumbai’s most sought-after luxury residential markets, known for its premium high-rises and sea-facing apartments. In the same project named Lodha Sea Face, where Pradeep Gupta has purchased an apartment, SR Menon Properties LLP had purchased the 14,866 sq ft apartment in March 2025.
The documents show that the apartment measuring over 14,865 sq ft was sold at a little over ₹1.26 lakh per sq ft. Worli, according to local brokers, has seen several luxury apartments sold for ₹1 lakh to ₹1.60 lakh per sq ft in the past.
The project Lodha Sea Face is around 1 km away from the luxury project Naman Xana, which was in the news in May 2025 for selling a luxury apartment for almost ₹3 lakh per sq ft. Leena Gandhi Tewari, chairperson of pharmaceutical giant USV, purchased two ultra-luxury, sea-facing duplex apartments in the upscale Worli area for a staggering ₹639 crore. Including taxes, the total transaction value rose to ₹703 crore, setting a new national record. The per square foot rate of nearly ₹3 lakh makes it the most expensive residential property deal ever recorded in India and highlights the continued surge in the ultra-luxury real estate market in the financial capital.
Frequently Asked Questions
What is the value of the luxury apartment purchased by Pradeep Navratna Gupta?
Pradeep Navratna Gupta and his wife, Preeti Gupta, purchased a luxury apartment in the Worli Sea Face area of Mumbai for ₹131 crore.
Which developer is constructing the building where the apartment was purchased?
The apartment was purchased in the Lodha Sea Face building, being constructed by Lodha Developers.
What is the size of the apartment and how much did it cost per square foot?
The apartment is 10,538 square feet and was purchased at ₹1.25 lakh per square foot.
When was the transaction registered, and what were the additional costs?
The transaction was registered on August 20, 2025, with a stamp duty of ₹7.90 crore and a registration fee of ₹30,000.
What other notable luxury real estate transactions have taken place in Worli recently?
Other notable transactions include the purchase of a ₹89.91 crore apartment by Amit Rathi in Palais Royale and the purchase of three luxury apartments by Anand Rathi and family for ₹98.94 crore in Worli.
Related News Articles
India's NCLT Sets New Benchmark with 269 Resolution Plans Approved in FY24
In a significant development, the National Company Law Tribunal (NCLT) has approved a record 269 resolution plans in the fiscal year 2023-24, marking a major milestone in the country's efforts to tackle corporate insolvency.
Kolkata's Real Estate Market Sees Unprecedented Growth with Highest Home Sales in Two Years
Kolkata's real estate market has bounced back, recording the highest property registrations in about two years, despite the absence of incentives.
Record Demand for Industrial and Warehousing Spaces in 2024: Savills India
Real estate consultancy Savills India reports a significant 30% year-on-year increase in the absorption and leasing of industrial and warehousing spaces, reaching a record of 645 lakh square feet in 2024.
Real Estate Sector Hopes for Support in Union Budget 2025-26
With a slight dip in housing market activity observed in the latter part of 2024, the real estate industry is eagerly anticipating government interventions to boost the sector in the upcoming Union Budget 2025-26.
Bengaluru Office Rents Set to Climb by 5-7% in 2025, Driven by IT and AI Demand
The demand from the IT sector and AI research labs is expected to push Bengaluru’s office rentals up by 5-7% in 2025. The Executive Centre, a flexible workspace provider, is bullish on expansion in Whitefield and is exploring opportunities in north Bengal
Borivali’s Rise as a Luxury Address: The Emergence of Premium Living in Mumbai’s New Epicentre
Explore how Borivali has transformed into a prime location for luxury real estate, offering top-tier living in Mumbai’s rapidly developing suburbs. Discover the key factors driving this change and the benefits of living in this upscale neighborhood.