Malabar Hill, synonymous with wealth and exclusivity, is home to India’s most powerful business tycoons, film icons, and political elites. With its sea-facing mansions, historic bungalows, and unbeatable Arabian Sea views, this neighborhood remains Mumbai’s most coveted address. Here’s a look at the billionaires shaping its skyline.
Nadir Godrej: Expanding a Legacy
Chairman of Godrej Industries, Nadir Godrej, recently made headlines with a Rs 180 crore purchase at Ruparel House. Acquiring three luxury apartments—each worth Rs 60 crore—he secured not just prime real estate but also 12 parking spaces, a true sign of Malabar Hill’s grandeur. The move aligns with the Godrej family’s deep-rooted presence in Mumbai’s elite real estate market.
Rekha Jhunjhunwala: Preserving the Perfect View
The widow of legendary investor Rakesh Jhunjhunwala, Rekha, spent Rs 118 crore acquiring 19 out of 24 units in a neighboring building. Her goal? To prevent any future redevelopment from obstructing her panoramic sea views at RARE Villa. This strategic move underscores how billionaires are not just buying homes but controlling the spaces around them.
Kumar Mangalam Birla: The Grandeur of Jatia House
Jatia House, an architectural gem valued at Rs 425 crore, belongs to industrialist Kumar Mangalam Birla. Spanning 30,000 square feet, the estate blends heritage with modern luxury. Originally purchased in 2015, this mansion remains one of Malabar Hill’s most iconic properties.
Radhakishan Damani: The Retail King’s Real Estate Power Move
DMart founder Radhakishan Damani stunned the market with a Rs 1,238 crore purchase in 2023. His family acquired 28 apartments in Mumbai’s Three Sixty West, with individual units valued between Rs 40-50 crore. Despite his low-profile persona, Damani’s real estate moves are making waves in the luxury market.
As property prices soar and billionaires continue investing, Malabar Hill remains the ultimate symbol of wealth and status. The question is, who will be the next to claim a spot in this billionaire paradise?
