Mumbai Real Estate: Aatman Innovations Promoter Acquires Luxury Juhu Apartment for ₹113 Crore
Heena Lalwani, promoter of Aatman Innovations, has purchased a high-end apartment in Juhu, Mumbai, for ₹113.42 crore. The property, located in Lodha Developers’ Avalon Towers, is a testament to the vibrant real estate market in this prime locality.
Mumbai Real EstateJuhuLuxury ApartmentAatman InnovationsHeena LalwaniReal Estate MumbaiAug 20, 2025
The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was bought at ₹1.15 lakh per sq ft and includes five car parking spaces, the documents showed. Despite the high price, the purchase reflects the strong demand for luxury properties in this prime Mumbai locality.
Juhu, a prime locality in Mumbai's western suburbs, is also home to several Bollywood celebrities. Financial consulting company Sahastraa Advisors Private Limited bought a luxury apartment in the same building in Juhu for ₹106.52 crore in January 2025. V Hotels Ltd, which was acquired by Lodha Developers last year, is constructing the project. The MahaRERA completion date is set for September 2028.
In April 2024, the National Company Law Tribunal, Mumbai Bench (NCLT), had approved Macrotech Developers to acquire Mumbai-based V Hotels Ltd, the owner of Tulip Star in Juhu, previously known as the iconic Centaur Hotel. This acquisition further underscores the strategic importance of Juhu in the Mumbai real estate market.
Juhu is not just a residential haven but also a commercial hub, attracting high-profile individuals and companies. The area's popularity is evident from the number of Bollywood stars who own properties here, including Amitabh Bachchan, Varun Dhawan, Ajay Devgn, Shahid Kapoor, and Kartik Aaryan. These high-profile residents contribute to the area's prestige and desirability.
The recent transaction by Heena Lalwani is a clear indication of the continued strength and resilience of the Mumbai real estate market, particularly in prime areas like Juhu. As the city continues to grow and attract investments, the demand for luxury properties in such prestigious locations is expected to remain robust.
Frequently Asked Questions
Who is Heena Lalwani?
Heena Lalwani is the promoter of Aatman Innovations Private Limited, a company engaged in publishing, distributing, and marketing books. She recently purchased a luxury apartment in Juhu, Mumbai, for ₹113.42 crore.
What is the location of the luxury apartment?
The luxury apartment is located on the 10th floor of Lodha Developers’ Avalon Tower in Juhu, Mumbai.
How much did Heena Lalwani pay for the apartment?
Heena Lalwani paid ₹113.42 crore for the 9,862 sq ft apartment, which includes five car parking spaces.
What is the significance of Juhu in Mumbai's real estate market?
Juhu is a prime locality in Mumbai's western suburbs, known for its high-end residential properties and commercial significance. It is home to several Bollywood celebrities and attracts high-profile investments.
When was the transaction registered?
The transaction was registered on August 18, 2025, and a stamp duty of ₹6.80 crore and a registration fee of ₹30,000 were paid.
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