Nanavati Family Bungalow in Mumbai Sold for ₹221 Crore in Record Real Estate Deal
Story Of The Nanavati Family Bungalow In Mumbai That Was Just Sold For Rs 221 Crore
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The Nanavati family sold their iconic 6BHK bungalow in Juhu, Mumbai, for ₹221 crore ($26.5 million USD) to Notandas Realty, a subsidiary of Mahesh Notandass Jewellers Group. Built in the 1950s, the heritage property spans 8,480 sq ft and is recognized for its Art Deco architecture.
- 01The bungalow was sold for ₹221 crore ($26.5 million USD), marking a record deal in Mumbai's real estate market.
- 02Located on Juhu Tara Road, the property features six bedrooms and offers sea views.
- 03As a Grade IIB heritage property, it cannot be demolished without approval from the Mumbai Heritage Conservation Committee.
- 04The sale was finalized on April 22, 2026, after interest from several high-net-worth individuals.
- 05The bungalow has historical significance, being named after Leela Nanavati, daughter of a former Deputy Governor of the Reserve Bank of India.
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In a landmark transaction, the Nanavati family, known for their ownership of Nanavati Hospital in Vile Parle, Mumbai, sold their luxurious 6BHK bungalow for ₹221 crore (approximately $26.5 million USD) to Notandas Realty, part of the Mahesh Notandass Jewellers Group. This Art Deco-style bungalow, located on Juhu Tara Road near Juhu Beach, boasts a built-up area of 8,480 sq ft and features six bedrooms, multiple living spaces, and a large terrace. Initially listed at ₹250 crore in January 2026, the property attracted interest from numerous high-net-worth individuals before the deal was finalized on April 22, 2026. The bungalow is designated as a Grade IIB heritage property, which means it cannot be demolished without proper approvals, preserving its architectural significance. Over the decades, the value of the property has soared as demand for sea-facing plots in Mumbai has increased, making it a prime asset in the city's real estate landscape.
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This sale reflects the escalating value of luxury real estate in Mumbai, particularly in coastal areas, which may influence market trends and property prices for potential buyers and investors.
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