Luxury Living: Billionaire Couple Michelle and Yohan Poonawalla's 30,000 sq ft Mansion in Mumbai
Mumbai's real estate market continues to soar as affluent industrialists and billionaires invest in high-end properties across the city.
Mumbai Real EstateLuxury PropertiesBillionaire CoupleMichelle PoonawallaYohan PoonawallaPoonawalla FamilyReal Estate MumbaiAug 11, 2024
This remarkable property, valued between Rs 400 – 750 crore, will serve as their secondary residence. The Poonawallas' newly acquired mansion spans an impressive 30,000 square feet in the highly sought-after Cuffe Parade neighborhood, known for its exclusivity and luxurious residences.
Michelle Poonawalla's MYP Design Studio will spearhead an extensive renovation of the mansion. The renovation aims to seamlessly blend historic grandeur with modern luxury. The new home will feature dedicated spaces for Michelle to exhibit her extensive art collection, which includes works by renowned artists as well as her creations.
Yohan Poonawalla, born on January 15, 1972, is the chairman of Poonawalla Engineering Group and serves as the director of Poonawalla Stud Farms and Poonawalla Racing and Breeding. He is the son of Zavaray Poonawalla, the co-founder of the Serum Institute of India.
Michelle Poonawalla is a prominent socialite, artist, and philanthropist. Her art, known for its evocative and imaginative qualities, includes notable works such as “Monsoon Magic,” “Born Free,” and “What if You Fly.” Her piece “Introspection” has been exhibited in prestigious galleries in Dubai and London, showcasing her talent on an international stage.
The Poonawalla family's net worth is estimated to exceed $27 billion (approximately Rs 2,26,693 crore). Their substantial wealth reflects their successful ventures in business and their prominent status in India's elite circles.
Yohan Poonawalla's car collection includes vintage and rare vehicles previously owned by Nawabs, the Pope, Maharajas, and other historical figures. His garage features an eclectic mix of customized cars from prestigious brands such as Ferrari, Bentley, Rolls-Royce, Mercedes, and Lamborghini.
In 2023, Poonawalla was honored with the Collector of the Year award at the Geneva International Motor Show. Earlier this year, he made headlines with his purchase of Queen Elizabeth II's highly customized 2016 Range Rover SDV8 Autobiography LWB.
The Poonawallas' luxurious lifestyle and influential status make them one of the most prominent couples in India's elite circles.
Frequently Asked Questions
Who is the billionaire couple that recently purchased a 30,000 sq ft mansion in Mumbai?
Michelle and Yohan Poonawalla
What is the value of the Poonawallas' newly acquired mansion?
Between Rs 400 – 750 crore
What is Yohan Poonawalla's profession?
Chairman of Poonawalla Engineering Group and director of Poonawalla Stud Farms and Poonawalla Racing and Breeding
What is Michelle Poonawalla's artistic style known for?
Evocative and imaginative qualities
What is the estimated net worth of the Poonawalla family?
Over $27 billion (approximately Rs 2,26,693 crore)
Tags:
Related News Articles
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora