From Cyrus Poonawala to Radhakishan Damani: 6 Indian Billionaires with Prime South Mumbai Residences

South Mumbai, the southern tip of India’s financial capital, is a posh and iconic real estate market with a rich heritage. This region, where land is scarce and sea views are breathtaking, is home to some of the country’s most prestigious addresses. For India’s richest billionaires, owning a private residence in South Mumbai is a symbol of status and wealth. Let’s explore the luxurious homes of six Indian billionaires in this elite neighborhood.

Mukesh Ambani – Antilia, Altamount Road

Situated on Altamount Road in South Mumbai, Antilia is a 27-storey skyscraper mansion that needs no introduction. Owned by Mukesh Ambani, chairman of Reliance Industries, this residence is one of the most recognizable landmarks in the city. Completed in 2010, Antilia has become a tourist attraction, valued at around US $4–4.6 billion in 2023. The house is a testament to Ambani’s immense wealth and influence in the business world.

Radhakishan Damani – Malabar Hill Estate

Radhakishan Damani, the founder of Avenue Supermarts (DMart), is a billionaire investor who owns one of South Mumbai’s most expensive bungalows. In 2021, Damani purchased the property for approximately ₹1,001 crore, making it a historic deal. His acquisition reflects a trend among wealthy investors to buy heritage land in areas of extreme scarcity. The Malabar Hill Estate is a prime example of luxury and heritage combined.

Sajjan Jindal – Maheshwari House, Napean Sea Road

Sajjan Jindal, the steel magnate and chairman of the JSW Group, is another notable resident of South Mumbai. He owns the famous Maheshwari House on Napean Sea Road, a sea-facing bungalow that is considered one of the most prized properties in the region. The bungalow, acquired for ₹400–₹500 crore, offers stunning views of the Arabian Sea and is surrounded by lush gardens.

Cyrus Poonawalla – Lincoln House, Bhulabhai Desai Road

Cyrus Poonawalla, chairman of the Poonawalla Group and Serum Institute, owns the heritage property known as Lincoln House on Bhulabhai Desai Road. Despite delays in the legal transfer of ownership, the deal was reported at ₹750 crore (US$113 million) in 2015. Lincoln House is a testament to Poonawalla’s status and wealth in the business community.

Yohan & Michelle Poonawalla – Cuffe Parade Mansion

In 2024, billionaire couple Yohan and Michelle Poonawalla made headlines with their purchase of a sprawling mansion in Cuffe Parade, one of South Mumbai’s most coveted seaside regions. The deal, valued at over ₹500 crore, is one of the largest residential transactions in recent years. The mansion, which spans roughly 30,000 square feet, is set to be transformed into a luxurious home, further solidifying the Poonawallas’ place among Mumbai’s elite.

These luxurious residences in South Mumbai not only reflect the wealth and status of their owners but also highlight the region’s appeal as a premier real estate market. From historic bungalows to modern skyscrapers, South Mumbai continues to attract the country’s wealthiest individuals, making it a symbol of luxury and prestige.