In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for ₹85 crore, according to property registration documents accessed by CRE Matrix.
Deal Details
The company acquired three units with a combined carpet area of around 3,162 sq ft, including a primary apartment measuring approximately 2,004.8 sq ft and two additional units of about 578.67 sq ft each. India Best Buy Private Limited sold the properties. The deal was registered on February 10, 2026, and Reliance Industries Limited paid nearly ₹5.10 crore in stamp duty, according to official documents.
A Premium South Mumbai Address
One Altamount Road stands in the prestigious Altamount Road–Cumballa Hill belt. The location ranks among Mumbai’s most exclusive residential zones. It attracts industrialists, business families, and ultra-high-net-worth buyers seeking prime city addresses.
Corporate Demand Remains Strong
This acquisition highlights sustained corporate interest in South Mumbai’s luxury housing market. Large companies and high-net-worth individuals continue to invest in prime assets despite high property prices and significant transaction costs.
The deal reinforces confidence in Mumbai’s top-tier residential micro-markets, where demand remains resilient for trophy properties.
Recent Transaction
Mumbai’s luxury real estate market has witnessed a steady surge in high-value transactions, with corporates, industrialists, and high-net-worth individuals acquiring premium homes in prime locations. Despite elevated prices, demand for exclusive addresses in South Mumbai continues to remain resilient.
In a recent transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli for Rs 123.5 crore. In another transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.
Elevate your decisions in real estate as a developer or broker with CRE Matrix‘s data-driven insights. Book a demo now!