Mumbai's Real Estate Market Sees Bungalow Deals Exceeding ₹864 Crore
Mumbai real estate bungalow deals: 4 transactions of independent homes worth over ₹864 crore
Hindustan Times
Image: Hindustan Times
In Mumbai, four high-value bungalow transactions have occurred over the past two years, totaling over ₹864 crore. Notable sales include the heritage Leela Bungalow in Juhu for ₹221 crore and Laxmi Nivas on Nepean Sea Road for ₹276 crore, reflecting the city's luxury real estate demand.
- 01Mumbai's bungalow market has seen four major transactions exceeding ₹864 crore in two years.
- 02The Leela Bungalow in Juhu was sold for ₹221 crore, making it one of the most expensive deals.
- 03Laxmi Nivas, a historic property, fetched ₹276 crore, highlighting its cultural significance.
- 04The Dwarka Bungalow in Santacruz was acquired for ₹164 crore, showcasing luxury real estate interest.
- 05Niladri Bungalow on Nepean Sea Road sold for ₹203 crore, indicating ongoing demand for premium properties.
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The Mumbai real estate market, typically known for its compact apartments, has recently witnessed significant transactions in the bungalow sector, with four properties sold for a combined total exceeding ₹864 crore. The most notable sale was the Leela Bungalow in Juhu, a heritage property sold for ₹221 crore to Notandas Realty on April 22, 2026. This Art Deco bungalow, built in the 1950s, features a built-up area of approximately 8,480.68 sq ft and is located near the iconic Juhu Beach. Another prominent deal involved Laxmi Nivas, a historic bungalow on Nepean Sea Road, which sold for ₹276 crore in February 2025. This property has historical significance, having served as a hideout for freedom fighters during the Quit India Movement. Additionally, the Dwarka Bungalow in Santacruz was acquired for ₹164 crore in November 2025, while Niladri Bungalow on Nepean Sea Road was purchased for ₹203 crore in March 2025. These transactions reflect a growing demand for luxury homes in Mumbai's competitive real estate market.
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These high-value transactions indicate a robust demand for luxury properties in Mumbai, which may influence home prices and investment strategies in the city's real estate market.
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