In another sign of the booming luxury real estate market in Mumbai, Nikhil Nanda, Chairman and Managing Director of Escorts Kubota Limited and Amitabh Bachchan’s son-in-law, has purchased a luxury apartment worth ₹28.39 crore in Juhu’s ultra-premium project ‘Maestro’ by K Raheja Corp.
According to documents accessed by real estate data platform Zapkey, the transaction was registered on October 16, 2025, with the developer K Raheja Corp Real Estate Pvt Ltd as the seller.
As per registration records, the apartment measures approximately 3,139 square feet of carpet area, along with a terrace of 411 square feet, bringing the total usable area to around 3,550 sq. ft.
The deal also includes three dedicated car parking slots, a standard feature for buyers in the high-end luxury segment.
The per-square-foot valuation comes to roughly ₹80,000–₹85,000, aligning with recent premium property rates in Juhu’s top-end projects.
About the Project – ‘Maestro’ by K Raheja Corp
‘Maestro’ is a boutique luxury residential project developed by K Raheja Corp, located in the upscale Juhu area—one of Mumbai’s most sought-after localities. The project stands on the site of a former bungalow owned by the family of veteran filmmaker B. R. Chopra, offering both cinematic heritage and modern architectural luxury.
The project features expansive sea-facing residences, high-end amenities, and limited inventory, catering exclusively to ultra-high-net-worth individuals (UHNWIs). The development is scheduled for completion by late 2026.
About Nikhil Nanda
Nikhil Nanda is a prominent Indian industrialist and the Managing Director of Escorts Kubota Limited, a leading engineering conglomerate in the agricultural and construction equipment space.
He is the son of the late industrialist Rajan Nanda and Ritu Nanda, and the husband of Shweta Bachchan Nanda, daughter of Bollywood legend Amitabh Bachchan and Jaya Bachchan.
Nanda’s investment marks another instance of high-profile business leaders showing confidence in Mumbai’s luxury residential market.
The transaction underscores several ongoing trends in India’s real estate sector:
- Strong demand in luxury housing: Despite high prices, Mumbai continues to see consistent demand for high-end apartments among industrialists, celebrities, and NRIs.
- Prime location preference: Juhu remains one of the most desirable addresses in India due to its proximity to the sea, celebrity neighbourhood, and premium lifestyle amenities.
- Market momentum: Experts suggest that such high-value purchases by prominent figures help reinforce buyer confidence in branded luxury projects like K Raheja Corp’s Maestro.
Real estate analysts also believe that this deal reflects the premium positioning of Juhu, where property prices have appreciated steadily due to limited inventory and high-end redevelopment projects.
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K Raheja Corp is one of India’s leading real estate developers with a strong portfolio spanning luxury residences, commercial business districts, and retail properties. The company’s residential portfolio includes landmark projects like Vivarea in Mahalaxmi and Artesia in Worli—both synonymous with refined urban luxury.
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According to market observers, transactions like these indicate that India’s luxury real estate market remains robust, with HNI and UHNWI buyers driving demand.
Property consultant Knight Frank India recently reported that Mumbai registered over 400 property transactions above ₹10 crore in the first half of 2025 alone — the highest ever in a six-month period.
“Luxury homes in locations like Juhu and Worli are no longer just status symbols; they’re long-term investments with strong appreciation potential,” said a Mumbai-based property analyst.
