From Cyrus Poonawala to Radhakishan Damani: 5 Indian Billionaires with Luxury Homes in South Mumbai

South Mumbai is a posh address, set on the southern tip of India’s financial capital, Mumbai, Maharashtra. This region is an iconic real estate market with a heritage appeal. It's a place where land is scarce, and sea views are breathtaking. The ultra-premium pricing is unparalleled, making it a status symbol for India’s richest billionaires. People like Mukesh Ambani, Radhakishan Damani, and Sajjan Jindal, among others, call South Mumbai their home.

Let’s have a look at five billionaires who have private residences in South Mumbai:

Mukesh Ambani – Antilia, Altamount Road Situated on Altamount Road in South Mumbai, Antilia needs no introduction. It is not only South Mumbai’s but India’s most renowned skyscraper mansion. This spectacular 27-storey residence is owned by one of the world’s biggest industrialists, Mukesh Ambani, chairman of Reliance Industries. The house was completed in 2010 and has since attracted travelers from all over, becoming more of a tourist attraction in the city. It is among the world’s priciest homes, valued at around US $4–4.6 billion in 2023.

Radhakishan Damani – Malabar Hill Estate Radhakishan Damani, founder of Avenue Supermarts (DMart), is a billionaire investor who also owns one of South Mumbai’s most expensive bungalows. As per reports, the house was purchased for about ₹1,001 crore (approx) in 2021, making it a historic deal. Damani’s acquisition shows a trend of wealthy investors buying heritage land amidst extreme scarcity.

Sajjan Jindal – Maheshwari House, Napean Sea Road Sajjan Jindal is the steel magnate of India. The chairman and managing director of the JSW Group is also a homeowner here. He is the owner of the famous Maheshwari House on Napean Sea Road. This sea-facing bungalow is counted as one of South Mumbai’s most prized houses. According to reports, the property was acquired for ₹400–₹500 crore. The bungalow offers stunning Arabian Sea views and expansive gardens.

Cyrus Poonawalla – Lincoln House, Bhulabhai Desai Road Set on Bhulabhai Desai Road is the house of Cyrus Poonawalla, known as “Lincoln House.” The heritage property is owned by billionaire Cyrus Poonawalla, chairman of the Poonawalla Group and Serum Institute. Although the ownership transfer through legal channels is facing delays, the deal was reported at ₹750 crore (US$113 million) in 2015.

Yohan & Michelle Poonawalla – Cuffe Parade Mansion Another deal that made headlines in 2024 was the purchase of a sprawling mansion in Cuffe Parade by billionaire couple Yohan and Michelle Poonawalla. Cuffe Parade is one of South Mumbai’s most coveted seaside regions. The deal, valued at over ₹500 crore, is known as one of the largest residential transactions in recent years. The mansion, listed at roughly 30,000 square feet, is set to be transformed into a luxurious home.