NSE CEO Ashishkumar Chauhan Buys ₹10 Crore Luxury Apartment in Worli's Prestigious Lodha World Towers
In a significant real estate move, the CEO of the National Stock Exchange, Ashishkumar Chauhan, has acquired a luxury apartment in Mumbai’s upscale Worli area, reflecting the robust market trends in the city’s prime locations.
Mumbai Real EstateLuxury ApartmentsNseAshishkumar ChauhanLodha DevelopersReal Estate MumbaiOct 10, 2025
The apartment spans a total area of 1,989.31 sq ft, reflecting the growing demand for luxury residential units in prime micro-markets such as Worli. Neither Chauhan nor Lodha Developers have commented on the transaction. This purchase aligns with Chauhan’s reported gross annual remuneration of ₹12.09 crore and net income of ₹6.78 crore for the financial year 2024–2025, as detailed in NSE’s annual report.
This high-value acquisition follows recent trends in Mumbai’s real estate market, which experienced a significant surge in activity during the 2025 festive season. Data from Maharashtra’s Inspector General of Registration (IGR) office, analyzed by Knight Frank India, shows 10,630 property registrations during Navratri and Ganesh Chaturthi, marking a 23% increase over the 8,604 registrations in the same period in 2024. Daily average registrations rose from 578 units in 2024 to 624 in 2025. This surge contributed to a 17% year-on-year increase in state revenue collections, which reached ₹587 crore over the festive period.
Separately, the Securities and Exchange Board of India (SEBI) recently leased a 5 BHK apartment in Prabhadevi, Mumbai, for its chairman, Tuhin Kanta Pandey, at a starting monthly rent of ₹7 lakh for a three-year lease. The property, located in Rustomjee Crown Tower, offers four parking spaces and a total lease of ₹2.65 crore. The agreement includes an annual escalation in rent, a 12-month lock-in period, and a security deposit of ₹42 lakh, highlighting the structured leasing arrangements in the premium segment.
In the broader context, Mumbai continues to see rising demand for luxury and high-end residential units, driven by urban professionals, executives, and investors seeking prime locations. The city’s luxury real estate segment is supported by strong infrastructural developments, including connectivity enhancements and redevelopments in key micro-markets. The upcoming inauguration of the Navi Mumbai International Airport (NMIA) on October 8, 2025, by Prime Minister Narendra Modi is expected to further stimulate residential and commercial activity in surrounding areas such as Taloja, Ulwe, Panvel, and Dronagiri. Industry analysts note that the regions around NMIA remain among the few pockets in the Mumbai Metropolitan Region where 2 BHK and 3 BHK apartments can still be purchased for under ₹1 crore.
The airport, a greenfield project nearly three decades in the making, is projected to ease congestion at Mumbai’s Chhatrapati Shivaji Maharaj International Airport while enhancing regional connectivity via the Mumbai Trans Harbour Link, coastal roads, and metro extensions. These infrastructural developments are likely to sustain demand in the residential segment while increasing long-term investment potential in the MMR region.
Frequently Asked Questions
Who is Ashishkumar Chauhan?
Ashishkumar Manilal Chauhan is the Managing Director and CEO of the National Stock Exchange (NSE) in India. He is known for his leadership in the financial sector and has been a significant figure in the development of the Indian stock market.
What is the significance of the Lodha World Towers in Worli?
Lodha World Towers in Worli, Mumbai, is a prestigious high-rise complex known for its luxury apartments and prime location. It is a popular choice for high-net-worth individuals and executives due to its superior amenities and connectivity.
How has the real estate market in Mumbai performed recently?
The real estate market in Mumbai has shown strong activity, particularly during the 2025 festive season. There has been a significant increase in property registrations and revenue collections, driven by demand for luxury and high-end residential units.
What is the Navi Mumbai International Airport (NMIA)?
The Navi Mumbai International Airport (NMIA) is a greenfield project expected to ease congestion at Mumbai’s main airport and enhance regional connectivity. It is set to boost residential and commercial activity in surrounding areas such as Taloja, Ulwe, Panvel, and Dronagiri.
What are the key infrastructural developments supporting the growth of Mumbai's real estate market?
Key infrastructural developments supporting the growth of Mumbai's real estate market include the Mumbai Trans Harbour Link, coastal roads, and metro extensions. These improvements enhance connectivity and make prime locations more accessible, driving demand for luxury and high-end residential units.
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