Uday Kotak’s ₹400 Crore Power Move: A Record-Breaking Real Estate Acquisition in Mumbai
By: Velorine
A Bold Statement in Luxury Living
Mumbai’s elite real estate scene has witnessed yet another headline-grabbing acquisition Uday Kotak, the founder of Kotak Mahindra Bank, and his family have secured an entire building in Worli, purchasing 22 premium apartments for over ₹400 crore.
This high-stakes deal includes 10 newly acquired sea-facing apartments in Shiv Sagar Building, valued at ₹200 crore, with one transaction hitting an astounding ₹2.89 lakh per sq. ft. setting new records for property pricing in the city.
A Rare Phenomenon in Mumbai’s Property Market
While Mumbai’s luxury sector routinely sees jaw-dropping transactions, the outright purchase of an entire housing society is practically unheard of. The Kotak family’s move is a rare display of real estate consolidation at the highest level, creating waves among industry insiders.
Just months earlier, in January 2025, Kotak had already grabbed 12 apartments in the same building for ₹202 crore bringing his total investment to ₹400 crore for full ownership of the property.
Strategic Expansion, Not Just Luxury
Unlike past transactions aimed at preserving unobstructed sea views such as Rekha Jhunjhunwala’s 2024 property purchases to safeguard her Arabian Sea vista, the Kotak family’s acquisition is believed to be a strategic move to expand their residence on an adjacent plot.
Real estate experts suggest that this purchase could be part of a larger vision to secure prime space for future developments or enhanced family living in one of Mumbai’s most coveted locations.
Final Take: A Game-Changer for High-End Real Estate
With property prices soaring, elite buyers are redefining Mumbai’s luxury market, and Kotak’s high-profile acquisition further underscores the city’s growing demand for ultra-premium, high-value real estate.
Will this purchase inspire similar full-building takeovers among India’s wealthiest? One thing is certain the Kotak family’s move has set a new benchmark in high-end property transactions.
