Rekha Jhunjhunwala Buys Rs 11.76 Crore Apartment in South Mumbai

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    Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, purchased a Rs 11.76 crore apartment in Walkeshwar, South Mumbai. She paid over Rs 59 lakh for stamp duty and registration charges for the transaction, completed on March 15, 2024. The apartment, located in the Rockside Apartment building near the Arabian Sea, spans 1,666 sqft carpet area and includes one car parking space of around 376 sqft.

    Walkeshwar and Malabar Hill were once India’s most expensive residential areas, but with businesses moving northward, premium and luxury projects in the vicinity have become scarce.

    In November 2023, Kinnteisto LLP, run by Rekha Jhunjhunwala, made one of India’s largest commercial office deals, acquiring over 1.94 lakh sq ft of office space in Mumbai’s Bandra Kurla Complex (BKC) and Chandivali area for around Rs 740 crore. Jhunjhunwala stated that these assets were purchased for long-term investment, as they offer good yields and are leased to reputable tenants.

    Rekha Jhunjhunwala, widow of billionaire investor Rakesh Jhunjhunwala, owns a 14-storey bungalow in Malabar Hills, South Mumbai, which was built at a cost of Rs 371 crore after purchasing an entire building called Ridgeway Apartments.

    Also read: UPRERA Requires Developers to Prove Land Ownership for Project Registration

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