Heena Lalwani Acquires ₹113 Crore Luxury Apartment in Mumbai’s Juhu
Heena Lalwani, the promoter of Aatman Innovations, has made a significant investment in Mumbai’s luxury real estate market by purchasing a ₹113 crore apartment in Juhu. This high-value property acquisition underscores the growing confidence in Mumbai’s premium property market.
MumbaiLuxury PropertyReal EstateJuhuHighnetworth IndividualsReal Estate MumbaiAug 24, 2025
The apartment spans 9,862 square feet and is located on the 10th floor of Avalon Towers, a project developed by Lodha Developers. The purchase price was ₹1.15 lakh per square foot. The property includes five dedicated car parking spaces, providing convenience and exclusivity for its owner. The transaction was officially registered on August 18, 2025, with stamp duty of ₹6.80 crore and a registration fee of ₹30,000 paid as part of the process.
Lodha Developers’ Avalon Towers, situated in the western suburb of Juhu, is part of a project currently under construction by V Hotels Ltd, which was acquired by Lodha Developers last year. The MahaRERA-registered project is expected to reach completion by September 2028. The apartment’s acquisition aligns with the growing demand for high-end residential spaces in Juhu, a locality known for its prime real estate and proximity to Mumbai’s key commercial and cultural hubs.
The Juhu area has long been associated with luxury living and is home to several Bollywood celebrities. Among the notable residents in the area are Amitabh Bachchan, Varun Dhawan, Ajay Devgn, Shahid Kapoor, and Kartik Aaryan. This trend has contributed to rising property values in Juhu, attracting corporate promoters and high-net-worth individuals seeking prime residential assets in Mumbai.
This purchase follows other high-value transactions in the same building. In January 2025, Sahastraa Advisors Private Limited, a financial consulting firm, bought a luxury apartment in Avalon Towers for ₹106.52 crore. The concentration of expensive residential deals highlights Juhu’s status as a preferred address for elite buyers in Mumbai’s western suburbs.
The acquisition also reflects a broader trend of corporate promoters and investors entering premium real estate segments in Mumbai. Such high-value property investments are indicative of confidence in Mumbai’s luxury property market, which continues to see strong demand despite economic fluctuations.
The Juhu luxury real estate market remains active with several ongoing and upcoming projects by reputed developers. Properties in this area often come with extensive amenities and strategic locations, catering to the lifestyle and expectations of affluent buyers. The combination of high-quality construction, celebrity presence, and accessibility to Mumbai’s commercial centers makes Juhu a sought-after residential hub.
With the addition of this apartment to her portfolio, Heena Lalwani joins the ranks of Mumbai’s elite property owners, reflecting the ongoing appeal of prime real estate in Juhu and the sustained interest from high-net-worth individuals and corporate promoters.
Frequently Asked Questions
Who is Heena Lalwani?
Heena Lalwani is the promoter of Aatman Innovations Private Limited, a company primarily engaged in publishing, distribution, and marketing of books. She recently made a significant investment in Mumbai’s luxury real estate market.
What is the value of the luxury apartment Heena Lalwani purchased?
Heena Lalwani purchased the luxury apartment in Juhu for ₹113.42 crore.
Where is the apartment located?
The apartment is located on the 10th floor of Avalon Towers in Juhu, a western suburb of Mumbai.
What is the significance of the Juhu area in Mumbai?
Juhu is known for its prime real estate and luxury living. It is home to several Bollywood celebrities and is a preferred address for elite buyers in Mumbai’s western suburbs.
What does this purchase indicate about the luxury property market in Mumbai?
This high-value property acquisition indicates strong confidence in Mumbai’s luxury property market, which continues to see strong demand despite economic fluctuations.
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