Praveer Sinha, Tata Power CEO, Acquires Luxury Apartment in Mumbai for ₹17.5 Crore
Praveer Sinha, CEO and MD of Tata Power, along with his wife Ritu Ahuja Sinha, has purchased a luxury apartment in Mumbai’s Raheja Modern Vivarea project for ₹17.50 crore. The property is situated in the prestigious Mahalaxmi area and offers panoramic views.
Luxury ApartmentMumbai Real EstatePraveer SinhaRaheja Modern VivareaTata PowerReal EstateOct 31, 2025
The agreement, registered on October 27, 2025, lists the consideration value as ₹17.50 crore. The apartment, situated on the 31st floor, features a carpet area of 2,181 sq ft and a balcony area of 78 sq ft, totalling 2,259 sq ft, according to the documents.
The property documents showed that the buyer paid a stamp duty of ₹1.5 crore. The sellers of the housing units are K Raheja Corp Real Estate Pvt Ltd and Modern India Ltd.
Emails have been sent to both Praveer Sinha and K Raheja Corp Real Estate Pvt Ltd. The story will be updated if a response is received.
Situated in Raheja Modern Vivarea South Tower, the project is part of the developer’s ongoing phase 2, which includes the construction of a second tower. The project is RERA-registered, with possession slated for September 2028. The development offers panoramic views of the Arabian Sea, Willingdon Golf Course, and Mahalaxmi Race Course, according to the company's website.
Earlier this year, global pharma firm Althera’s CEO, Sanjeev Agarwal, had purchased three luxury apartments worth over ₹72 crore in Raheja Modern Vivarea, according to property registration documents accessed by Zapkey.com. In September 2024, brokerage firm Nirmal Bang Securities’ promoter Kishore Bang and his wife Suman Bang purchased two apartments in the same building for ₹45.69 crore, according to property registration documents accessed by Zapkey.
The trend of high-profile individuals investing in luxury real estate in Mumbai continues to grow, reflecting the city's status as a financial and cultural hub. The Raheja Modern Vivarea project stands out for its prime location and premium amenities, making it a sought-after choice for affluent buyers.
Tata Power, under the leadership of Praveer Sinha, has been a significant player in the energy sector, known for its commitment to sustainable and reliable power solutions. The purchase of this luxury apartment underscores Sinha's personal success and the company's strong financial standing. The acquisition also highlights the increasing interest in luxury real estate among corporate leaders and high-net-worth individuals in India.
Frequently Asked Questions
Who is Praveer Sinha?
Praveer Sinha is the CEO and Managing Director of Tata Power, one of India's leading energy companies.
What is the Raheja Modern Vivarea project?
Raheja Modern Vivarea is a luxury residential project located in Mahalaxmi, Mumbai, developed by K Raheja Corp Real Estate Pvt Ltd.
How much did Praveer Sinha pay for the apartment?
Praveer Sinha paid ₹17.50 crore for the apartment, including a stamp duty of ₹1.5 crore.
What are the key features of the apartment?
The apartment is situated on the 31st floor, has a carpet area of 2,181 sq ft, and a balcony area of 78 sq ft, totaling 2,259 sq ft.
When is the possession of the Raheja Modern Vivarea project scheduled?
The possession of the Raheja Modern Vivarea project is slated for September 2028.
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