Reliance Industries Expands Luxury Property Portfolio in South Mumbai

Reliance Industries Limited has made a significant move in the luxury real estate market of South Mumbai. The company has purchased three residential units at the prestigious One Altamount Road project for a total consideration of Rs 85 crore, as revealed by property registration documents accessed by CRE Matrix.

The transaction involves units with a combined carpet area of about 3,162 sq ft. The main unit measures around 2,004.8 sq ft, while the two additional units each measure approximately 578.67 sq ft. The seller of these units is India Best Buy Private Limited.

The deal was officially registered on February 10, 2026. Reliance Industries paid a stamp duty of about Rs 5.10 crore for the transaction, as indicated in the documents.

One Altamount Road is one of the most sought-after residential addresses in Mumbai, situated in the Altamount Road–Cumballa Hill area. This region is renowned for its luxury developments and is home to many ultra-high-net-worth individuals and prominent corporate entities.

The acquisition by Reliance Industries underscores the ongoing interest of large corporates and high-net-worth buyers in prime South Mumbai real estate. Despite the high property prices and transaction costs, the allure of these premium locations continues to attract significant investments.

South Mumbai has long been a hub for luxury real estate, with properties commanding premium prices due to their location, amenities, and the prestige associated with living in these areas. The deal by Reliance Industries further solidifies the area's status as a prime location for luxury residential investments.

For those looking to explore more property deals in Mumbai and its surrounding regions, whether exclusive or budget-friendly, platforms like BudgetProperties.in offer a wealth of options and insights into the local real estate market.