Sanjali Bajaj Acquires Luxurious Sea-View Apartment in Mumbai's Worli for Rs 66 Crore

Sanjali Bajaj, the daughter of Bajaj Group scion Sanjiv Bajaj, has made a significant real estate investment by purchasing a luxurious sea-view apartment in Worli, Mumbai. The apartment, located on Dr. Annie Besant Road, is a testament to the growing demand for high-end properties among India’s affluent class.

The deal, valued at Rs 66.41 crore, includes a carpet area of 5,510 sq ft, making it one of the most expensive residential transactions in the city. The apartment is situated on the 5th habitable floor and boasts an exclusive balcony spanning 430 sq ft, offering breathtaking views of the Arabian Sea.

In addition to the main living space, the property comes with two additional portions on the 8th podium level. These areas, measuring 1,360.89 sq ft and 14.20 sq ft, are primarily used for parking and ancillary purposes. The documents accessed through Zapkey.com reveal the meticulous details of the transaction.

The buyer, Sanjali Bajaj, has also paid a substantial stamp duty of Rs 3.32 crore for the registration of the transaction, which was completed on November 14. This significant investment underscores the Bajaj family's continued interest in premium real estate.

In late 2022, other members of the Bajaj family acquired five ultra-luxury sea-view apartments in Mahalaxmi for a total of Rs 104 crore. These acquisitions highlight the family's strategic approach to diversifying their asset portfolio and securing prime properties in Mumbai's most desirable locations.

Despite the broader residential market experiencing steady growth across various segments, the demand for high-end, spacious apartments with prime views remains strong among India’s ultra-wealthy. Property consultants attribute this trend to the increasing preference for luxury living and the desire for properties that offer both comfort and exclusivity.

ET’s email query to Bajaj Finserv, a leading financial services company, remained unanswered at the time of going to press. However, the acquisition by Sanjali Bajaj is a clear indication of the family's commitment to maintaining a strong presence in the luxury real estate sector.

The Bajaj Group, founded by Jamnalal Bajaj, is a diversified conglomerate with interests in various sectors, including financial services, insurance, and manufacturing. The group's foray into real estate, particularly through such high-profile acquisitions, further solidifies its position as a key player in the Indian market.

As the luxury real estate market continues to evolve, it is expected that more high-net-worth individuals will follow the Bajaj family's lead in investing in premium properties. The acquisition of this sea-view apartment in Worli is not just a personal investment but also a strategic move that aligns with the growing trend of luxury living in India.