Mumbai's Real Estate Market Sets New Record with ₹113 Crore Juhu Apartment Sale
A record-breaking apartment sale in Juhu, Mumbai, has set a new benchmark in the city's real estate market. Atman Innovations Pvt Ltd, led by Deep Trivedi, purchased a 9,863 square foot luxury apartment for over ₹113 crore, making it the most expensive deal in the area.
Mumbai Real EstateLuxury ApartmentJuhuDeep TrivediLodha AvalonReal Estate NewsAug 19, 2025
The apartment is located on the 10th floor of Lodha Avalon, a luxury residential project under construction on Juhu Tara Road. The site is near to Amitabh Bachchan’s bungalow and actors Ajay Devgan and Kajol’s bungalow is across the road. This prime location adds to the property's value and appeal.
The recent deal, registered on August 18, 2025, has set a new record for Juhu. The current transaction’s price of over ₹1,15,000 per sq ft has exceeded the old record of ₹1,08,000 per sq ft. Besides the property’s cost of over ₹113.42 crore, Atman Innovations also paid ₹6.8 crore in stamp duty. Therefore, with added GST, the total cost of the deal came to nearly ₹129 crore.
Lodha Developers Ltd, which previously acquired the land where the Centaur Hotel once stood, is now constructing two towers. These towers will feature “mansions by the sea” for very affluent individuals. Because of its prime location, the Lodha Avalon project offers the biggest sea-facing area in Juhu, making it highly desirable among the elite.
The highest residential property sale ever recorded in India was made by Leena Gandhi Tewari, the chairperson of USV. She purchased two high-end, sea-facing duplex apartments in Mumbai for a total of ₹703 crore, which included ₹63.9 crore in stamp duty and Goods & Services Tax (GST) to register the properties. This transaction, which was priced at ₹2.83 lakh per square foot of carpet area, has established a new standard in India’s residential real estate market.
This latest deal in Juhu not only underscores the resilience and strength of Mumbai's real estate market but also highlights the continued interest in luxury properties among high-net-worth individuals. The combination of prime location, luxury amenities, and the prestige of living in a neighborhood frequented by celebrities and business tycoons makes Juhu a highly sought-after area in the city.
Frequently Asked Questions
What is the price per square foot for the Juhu apartment?
The price per square foot for the Juhu apartment is over ₹1,15,000, setting a new record for the area.
Who purchased the 9,863 square foot luxury apartment in Juhu?
The 9,863 square foot luxury apartment in Juhu was purchased by Atman Innovations Pvt Ltd, a firm headed by Deep Trivedi.
Where is the Lodha Avalon project located?
The Lodha Avalon project is located on Juhu Tara Road, near Amitabh Bachchan’s bungalow and across the road from actors Ajay Devgan and Kajol’s bungalow.
What is the total cost of the deal, including stamp duty and GST?
The total cost of the deal, including stamp duty and GST, came to nearly ₹129 crore.
What is the highest residential property sale ever recorded in India?
The highest residential property sale ever recorded in India was made by Leena Gandhi Tewari, who purchased two high-end, sea-facing duplex apartments in Mumbai for a total of ₹703 crore.
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