Ayurvedic Firm Shree Dhootapapeshwar Acquires ₹121 Crore Luxury Apartment in Mumbai's Worli

Shree Dhootapapeshwar Limited, a leading Ayurvedic medicine company based in Mumbai, has recently acquired a luxury apartment in the prestigious Raheja Artesia project located in Worli. The apartment, valued at ₹121 crore, highlights the company's growing interest in high-end real estate investments.

The apartment is situated on the 44th floor of the Raheja Artesia building, one of the most sought-after luxury projects in Mumbai. According to the property documents accessed by CRE Matrix, the apartment boasts a RERA carpet area of 6,772.28 sq ft, along with an additional 367.05 sq ft of balconies, verandah, and open terrace space. The property was registered on February 26, 2026, with a stamp duty of ₹7.28 crore and a registration fee of ₹30,000. The transaction also included six parking spaces.

Ravi C. Raheja and Sumati R. Raheja, the sellers of the property, are well-known figures in the Mumbai real estate market. Raheja Artesia, developed by K Raheja Corp, has become a symbol of luxury living in Worli, a prime location in central Mumbai. The project is known for its high-quality construction and premium amenities, making it a popular choice for high-net-worth individuals and corporate entities.

Shree Dhootapapeshwar Limited, founded over a century ago, is one of the oldest and most respected Ayurvedic medicine manufacturers in India. The company's decision to invest in a luxury apartment in Worli underscores its financial strength and strategic vision. The move is seen as a strategic play to diversify its asset portfolio and enhance its corporate image.

Worli has emerged as a major hub for luxury real estate in recent years, following the trend set by other prime locations in Mumbai such as South Mumbai, Lower Parel, Prabhadevi, and Bandra. The micro-market is home to several luxury projects priced above ₹1 lakh per sq ft, attracting significant interest from both local and international buyers.

In a similar high-profile transaction, Suresh Pareek, the founder of pharmaceutical company Ideal Cures, and his wife Veena Pareek jointly purchased two luxury apartments in Mumbai’s Worli for ₹190 crore in December 2025. The two apartments, located on the 43rd floor of Raheja Artesia, together measure over 12,000 sq ft of RERA carpet area. The sellers of these apartments were Chandru Raheja, chairman of K Raheja Corp, and Jyoti Raheja.

The increasing number of luxury transactions in Worli reflects the growing demand for premium living spaces among high-net-worth individuals and corporate entities. These transactions not only highlight the robustness of Mumbai's real estate market but also underscore the confidence of investors in the long-term value of high-end properties.

An email query was sent to Shree Dhootapapeshwar Ltd and K Raheja Corp for further comments on the transaction. The story will be updated if a response is received.