Luxury Real Estate Investments by Indian Billionaires Reach New Heights
India's billionaire class is making waves in the ultra-luxury real estate market, with record-breaking property purchases in prime locations. Discover who's buying and why.
Luxury Real EstateIndian BillionairesProperty InvestmentsHighend PropertiesReal Estate MarketReal Estate NewsJun 10, 2025
Two of the most expensive property deals by Indian billionaires in recent years have made headlines for their sheer scale and opulence. In 2023, Reliance Industries Chairman Mukesh Ambani acquired an iconic beachfront villa in Dubai’s Palm Jumeirah for approximately ₹640 crore (USD 80 million), making it one of the costliest residential purchases in the region.
Around the same time, DMart founder Radhakishan Damani made waves in Mumbai’s real estate scene by purchasing a heritage property in Malabar Hill worth over ₹1000 crore and spanning 1.5 acres. The deal marked one of the highest-value land acquisitions in South Mumbai, underscoring the trend of India’s wealthiest making bold real estate investments both at home and abroad. Here are a few more notable property deals and assets owned by well-known business persons:
1. Gautam Singhania’s JK House (Net worth: $1.4 Bn)
JK House is the luxurious private residence of Gautam Singhania, Chairman and Managing Director of the Raymond Group. Often compared to Antilia, Mukesh Ambani’s residence for its vertical luxury, the 30+ storey skyscraper is built on land long held by the Singhania family. Estimated to be worth over ₹6,000 crore, it is India’s second most expensive property after Antilia. The tower combines both personal and corporate interests, housing not only private residences but also Raymond’s face of wealth and power.
2. Cyrus Poonawalla’s Lincoln House (Net worth: $23.1 Bn)
The historic Lincoln House in Mumbai’s Breach Candy area is a colonial-era mansion once used as the US Consulate. Acquired by vaccine billionaire Cyrus Poonawalla, Managing Director of the Serum Institute of India, for INR 750 crore in 2015, the 50,000 sq. ft. property blends European grandeur with Indian heritage. It remains one of the largest residential deals in Indian history. Given its heritage status and prime location, it stands as a trophy asset in Poonawalla’s portfolio.
3. Kumar Birla’s Jatia House (Net worth: $20.9 Bn)
In 2021, Jatia House was acquired by Kumar Birla for an estimated INR 425 crores. This gorgeous property is a prime sea-facing bungalow in Mumbai’s prestigious Malabar Hill area, which spans over 25,000 square feet. The deal was among the most expensive residential transactions in South Mumbai that year, an auction purchase, signaling Birla’s move to secure a long-term luxury asset in an area known for high echelons, limited supply, and unmatched coastal views.
4. Gautam Adani’s Lutyens Bungalow (Net worth: $60.3 Bn)
India’s second-richest man is just as formidable in the luxury property game — though far more private about his lifestyle. While details about his overseas residences remain under wraps, his homes in Delhi, Gurgaon, and Ahmedabad are known to spark envy. The crown jewel is his stately residence in Delhi’s ultra-exclusive Lutyens’ zone, often regarded as the most prestigious address in India. Spanning 25,000 square feet on a sprawling 3.4-acre plot, the mansion was reportedly acquired for INR 400 crore, a bargain, considering its original valuation was around INR 1,000 crore in 2020.
Frequently Asked Questions
Who are some notable Indian billionaires investing in luxury real estate?
Notable Indian billionaires investing in luxury real estate include Mukesh Ambani, Radhakishan Damani, Gautam Singhania, Cyrus Poonawalla, and Kumar Birla.
What are the prime locations for luxury real estate in India?
Prime locations for luxury real estate in India include Malabar Hill, Juhu, and Lutyens’ Delhi in Mumbai and Delhi.
What is the significance of luxury real estate for Indian billionaires?
Luxury real estate serves as a status symbol and a long-term hedge against inflation or currency volatility for Indian billionaires.
What is the value of some of the most expensive property deals by Indian billionaires?
Some of the most expensive property deals by Indian billionaires include Mukesh Ambani’s ₹640 crore beachfront villa in Dubai’s Palm Jumeirah and Radhakishan Damani’s ₹1000 crore heritage property in Malabar Hill.
What are the key features of Gautam Singhania’s JK House?
Gautam Singhania’s JK House is a 30+ storey skyscraper built on land long held by the Singhania family. It is estimated to be worth over ₹6,000 crore and is India’s second most expensive property after Antilia.
Related News Articles
Vodafone Idea to Issue Shares Worth Rs 2458 Crore to Ericsson India and Nokia Solutions
Vodafone Idea approves preferential allotment of shares to Ericsson India and Nokia Solutions, worth Rs 2458 crore.
MCC Unveils Comprehensive Plan for Wastewater Treatment in Mysuru
Mysuru City Corporation (MCC) has released a comprehensive plan for wastewater treatment in Mysuru, aiming to improve the city's sanitation infrastructure.
NCLT Orders Fresh Start for Lavasa Corporation's Insolvency Process
Lavasa Corporation's insolvency process to restart after Darwin Platform Infrastructure Ltd fails to implement resolution plan
Truliv Targets 2500 Beds and Rs 32 Crore Revenue by FY25
Truliv, a prominent player in the co-living sector, has ambitious plans to expand its footprint by adding 1500 more beds over the next 18 months. This expansion will bring their total bed count to 2500, with a significant focus on the Bengaluru market. Th
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Tesla Set to Launch First Showroom in Mumbai’s Maker Maxity
Tesla, the leading electric vehicle manufacturer, is set to open its first showroom in Mumbai’s prestigious Maker Maxity at BKC, marking a significant step in the company’s expansion into the Indian market.