{"id":1649,"date":"2026-02-15T11:38:54","date_gmt":"2026-02-15T06:08:54","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=1649"},"modified":"2026-03-02T13:29:10","modified_gmt":"2026-03-02T07:59:10","slug":"reliance-industries-limited-buys-three-luxury-homes-at-one-altamount-road-for-%e2%82%b985-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/reliance-industries-limited-buys-three-luxury-homes-at-one-altamount-road-for-%e2%82%b985-crore\/","title":{"rendered":"Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for \u20b985 Crore"},"content":{"rendered":"\n

In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for \u20b985 crore, according to property registration documents accessed by CRE Matrix<\/a>.<\/p>\n\n\n\n

Deal Details<\/strong><\/h3>\n\n\n\n

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 \u20b95.10 crore in stamp duty, according to official documents.<\/p>\n\n\n\n

A Premium South Mumbai Address<\/strong><\/h3>\n\n\n\n

One Altamount Road stands in the prestigious Altamount Road\u2013Cumballa Hill belt. The location ranks among Mumbai\u2019s most exclusive residential zones. It attracts industrialists, business families, and ultra-high-net-worth buyers seeking prime city addresses.<\/p>\n\n\n\n

Corporate Demand Remains Strong<\/strong><\/h3>\n\n\n\n

This acquisition highlights sustained corporate interest in South Mumbai\u2019s luxury housing market. Large companies and high-net-worth individuals continue to invest in prime assets despite high property prices and significant transaction costs.<\/p>\n\n\n\n

The deal reinforces confidence in Mumbai\u2019s top-tier residential micro-markets, where demand remains resilient for trophy properties.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h3>\n\n\n\n

Mumbai\u2019s 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.<\/p>\n\n\n\n

In a recent transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli<\/a> 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<\/a>, for a staggering \u20b956 crore.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now<\/a>!<\/p>\n\n\n\n

<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for \u20b985 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 … <\/p>\n

Continue reading “Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for \u20b985 Crore”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1856,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[154,4,168],"yoast_head":"\nReliance Industries Buys 3 Homes at One Altamount Road for \u20b985 Crore<\/title>\n<meta name=\"description\" content=\"Reliance Industries purchases three luxury units at One Altamount Road, South Mumbai, for \u20b985 crore. 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