Reliance Industries Acquires Three Luxury Apartments at One Altamount Road for ₹85 Crore
Reliance Industries Limited has made a notable entry into Mumbai's luxury real estate market by purchasing three residential units at One Altamount Road in South Mumbai for ₹85 crore, as revealed by property registration documents accessed by CRE Matrix.
The company has acquired three units with a combined carpet area of around 3,162 sq ft. The primary apartment measures approximately 2,004.8 sq ft, while the two additional units each span about 578.67 sq ft. The properties were sold by India Best Buy Private Limited.
The deal was registered on February 10, 2026, and Reliance Industries Limited paid nearly ₹5.10 crore in stamp duty, according to official documents. One Altamount Road is situated in the prestigious Altamount Road–Cumballa Hill belt, which is one of Mumbai’s most exclusive residential zones. This location is highly sought after by industrialists, business families, and ultra-high-net-worth individuals who are looking for prime city addresses.
Mumbai’s luxury real estate market has seen a steady surge in high-value transactions, with corporates, industrialists, and high-net-worth individuals actively acquiring premium homes in prime locations. Despite the elevated prices, the demand for exclusive addresses in South Mumbai remains resilient. This trend is not limited to local buyers; international investors are also showing a keen interest in the city’s luxury real estate.
In a recent transaction, Radha Tanti, an angel investor and the wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli for ₹123.5 crore. Another notable deal involved a US-based Non-Resident Indian (NRI) who bought two sea-facing luxury apartments in Bandra West, Mumbai, for ₹56 crore.
These high-value transactions highlight the ongoing appeal of Mumbai’s luxury real estate market, which continues to attract significant investments from both domestic and international buyers. The city’s prime locations, combined with the prestige and exclusivity they offer, ensure that such properties remain highly coveted assets.
Reliance Industries, under the leadership of Mukesh Ambani, has a history of strategic investments in various sectors, including real estate. This latest acquisition at One Altamount Road further solidifies the company’s presence in Mumbai’s luxury real estate market, aligning with its broader business strategy of diversification and long-term growth.
