Reliance Industries Acquires Ultra-Luxury Triplex in BKC for INR 120 Crore
Reliance Industries Limited (RIL) has made a significant move in the Mumbai real estate market by acquiring a luxury triplex apartment in the Bandra Kurla Complex (BKC) for INR 120 crore. This acquisition, as per property registration documents reviewed recently, highlights the strong demand for premium residential properties in the city.
The apartment, located in the Signature Island residential development in Bandra East, spans approximately 16,228 square feet. The triplex configuration spans the 15th, 16th, and 17th floors of the tower, offering a sprawling and luxurious living space in one of the city’s most coveted residential complexes, situated in a key commercial district.
The transaction, registered in April, reflects a total consideration of INR 120 crore. The per square foot price works out to approximately INR 74,401, based on the recorded deal value and carpet area. The acquisition was completed jointly from Sunteck Realty Limited, the project developer, and Joywin Realty Private Limited.
Signature Island is part of a high-end residential cluster developed on land leased from the Mumbai Metropolitan Region Development Authority (MMRDA). The project, comprising multiple towers including Signia Isles and Signia Pearl, has been positioned within the ultra-luxury housing segment since its launch. The development received its commencement certificate in May 2015, followed by an occupation certificate in November 2015.
The project has a history of high-value transactions. In earlier years, actors Aishwarya Rai Bachchan and Sonam Kapoor had purchased apartments within the same complex. Market data also indicated that private banker Uday Kotak had booked an apartment measuring around 11,000 square feet in 2015 at approximately INR 55,000 per square foot. More recently, in early 2025, Kotak reportedly set a higher benchmark by transacting at around INR 2.75 lakh per square foot in another premium Mumbai development.
The BKC micro-market has evolved into a key residential and commercial hub, driven by its proximity to corporate offices, financial institutions, and infrastructure connectivity. Limited land availability and high entry barriers have contributed to sustained demand for premium residences in the area, particularly among corporate buyers and high-net-worth individuals.
The latest acquisition by RIL underscores the continued interest from institutional and corporate buyers in Mumbai’s luxury housing segment, especially in established developments with clear titles and proximity to business districts. This transaction also reflects ongoing activity in the city’s top-end residential market, where select projects continue to command significant capital values despite broader fluctuations in housing demand.
Reliance Industries, under the leadership of Mukesh Ambani, has been actively diversifying its portfolio across various sectors, including real estate. This acquisition in BKC further solidifies RIL’s position in the luxury real estate market and aligns with its strategic focus on high-value, high-demand assets.
