In a landmark move that’s making waves across India’s real estate sector, billionaire banker Uday Kotak and his family have made a fresh acquisition of 10 premium apartments in Mumbai’s prestigious Worli Sea Face area. The purchase, totaling over ₹224 crore, has shattered existing records in the Indian property market, with one apartment priced at an unprecedented ₹2.74 lakh per square foot — the highest ever in the country.
This transaction follows an earlier investment by the Kotak family in January 2025, when they acquired 12 units in the same upscale building, 19 Shiv Sagar. With the latest deal, their ownership has grown to 22 out of 24 apartments in the entire complex. The cumulative value of these purchases stands at a massive ₹426.21 crore.
19 Shiv Sagar, a three-storey structure, is located in one of Mumbai’s most prized neighborhoods and boasts sweeping views of the Arabian Sea. This prime location, combined with its exclusivity, has made it a magnet for high-net-worth buyers. The Kotak family’s near-total acquisition of the building — along with their earlier purchase of the adjacent Champagne House in 2018 for ₹275.14 crore — suggests a long-term vision, possibly involving redevelopment or plot amalgamation.
These high-value property deals underscore the soaring demand for ultra-luxury homes in Mumbai, especially in sea-facing areas like Worli. Beyond setting new financial records, the Kotak family’s aggressive real estate strategy signals growing confidence among India’s elite in the enduring value of premium urban real estate.
