Mumbai’s Richest Real Estate Deals in the Last 5 Years

5 February 2025

BY VISHNU CHAUDHARY

Runwal Group’s ₹726 Crore Land Deal (2024)

Location: Lower Parel   Runwal Group acquired a prime land parcel from Kansai Nerolac Paints.   They plan to develop a high-end residential project valued at ₹8,000 crore.   This marks one of Mumbai’s largest land deals in 2024.

Shapoorji Pallonji’s ₹455 Crore Juhu Land Sale (2024)

Location: Juhu   Shapoorji Pallonji sold a 19,589 sq. ft. land parcel to Agarwal Holdings.   This high-value residential property is situated in one of Mumbai’s most sought-after areas.   It reflects the increasing demand for ultra-luxury housing.

Mahindra & Mahindra’s ₹210 Crore Kandivali Land Sale (2024)

Location: Kandivali   Mahindra sold 20.5 acres of land to Blueprintify Properties Pvt Ltd.   The site is expected to be developed into a high-end residential and commercial hub.   This is one of the largest land transactions in Mumbai for 2024.

Equinix India’s ₹155 Crore Data Center Expansion (2024)

Location: Chandivali   US-based data center firm Equinix purchased 1.38 acres of land.   The deal includes a 5,386 sq. m. built-up area for data center expansion.   This strengthens Mumbai’s growing IT and digital infrastructure sector.

Palais Royale ₹405 Crore Apartment Sales (2024)

Location: Worli   Promoters of Metro Brand Ltd. acquired 5 ultra-luxury apartments in Palais Royale.   This is one of Mumbai’s most prestigious skyscraper residences.    The deal highlights the demand in Mumbai’s high-end real estate market.

Three Sixty West ₹1,200 Crore Apartment Sales (2023)

Location: Worli   23 luxury apartments were sold for ₹1,200 crore in Three Sixty West.   These residences feature Ritz Carlton branding and world-class amenities.   This transaction stands as one of India’s largest.

Lodha’s ₹1,350 Crore Office Tower Sale (2019)

Location: Wadala "Lodha Group sold a 29-storey office building to Tata’s Trent." A major commercial property deal in Mumbai’s booming business district. Strengthened Wadala’s position as an emerging real estate hotspot.