Nadir Godrej Buys Three Luxurious Apartments in Mumbai's Posh Malabar Hill for ₹180 Crore
The Godrej Group scion has purchased three apartments in Ruparel House, Malabar Hill, with 12 parking spaces and a total area of 13,836 sq ft.
Mumbai Real EstateLuxury ApartmentsMalabar HillNadir GodrejGodrej IndustriesJsw RealtyReal Estate MumbaiJun 17, 2024
The transaction, registered on June 12, 2024, has attracted a stamp duty of ₹10 crore, along with ₹90,000 in registration fees. The seller of the property is R House Realty Pvt Limited (JSW Realty).
Malabar Hill is known for its upscale residential complexes, old buildings, and heritage bungalows. The area is witnessing an increasing number of redevelopment projects post Covid-19, attracting several high net worth individuals (HNIs).
Nadir Godrej's purchase is significant, especially given the recent split in the Godrej Group. The conglomerate has been divided between two branches of the founding family, with Adi Godrej and Nadir Godrej keeping Godrej Industries, which has five listed firms, while their cousins Jamshyd and Smita got unlisted Godrej & Boyce and its affiliates, including prime property in Mumbai.
Information Godrej Industries is a leading Indian conglomerate with businesses spanning soaps, home appliances, and real estate. JSW Realty is a prominent real estate developer in Mumbai.
Godrej Industries is a publicly traded company listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). JSW Realty is a part of the JSW Group, a leading Indian business conglomerate.
Frequently Asked Questions
What is the location of Nadir Godrej's recently purchased apartments?
Ruparel House, Malabar Hill, South Mumbai
What is the total value of the three apartments purchased by Nadir Godrej?
₹180 crore
What is the per sq ft rate in Malabar Hills?
Around ₹1 lakh per sq ft and above
What is the significance of Malabar Hill in Mumbai's real estate market?
Malabar Hill is one of the costliest residential areas in the country, known for its upscale residential complexes, old buildings, and heritage bungalows.
What is the recent development in the Godrej Group?
The Godrej Group has recently split between two branches of the founding family, with Adi Godrej and Nadir Godrej keeping Godrej Industries, and their cousins Jamshyd and Smita getting unlisted Godrej & Boyce and its affiliates.
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