Real Estate

Damani Firm Leases Worli Luxury Flat for ₹28.5 Lakh a Month

2026-10-04 · GeoSquare News Scraper

In one of the most expensive rental transactions in Mumbai’s Worli micro-market, a firm linked to retail magnate Radhakishan Damani has leased a luxury apartment for ₹28.5 lakh per month. The deal also involves a security deposit of ₹1.71 crore, reflecting the premium status of the property.

Signal for Luxury Rentals

The transaction underscores strong demand for ultra-luxury residences in Worli, a neighbourhood known for its sea-facing towers and proximity to Mumbai’s central business districts. High-value leases such as this are often driven by corporate occupants seeking exclusive addresses with world-class amenities.

What It Means for Investors

For property investors, the rental value highlights the yield potential in the luxury segment, though entry costs remain steep. Worli continues to attract both end-users and investors due to its infrastructure upgrades, including the coastal road project and improved connectivity to the airport and business hubs.

This lease adds to a series of high-value transactions in South Mumbai, reinforcing the resilience of the luxury rental market despite broader economic fluctuations.