As 2023 bids adieu, it leaves behind a trail of high-net-worth individuals (HNIs) making significant real estate statements in India’s top metropolitan cities. The luxury residential segment witnessed a surge in activity, with HNIs and their families securing opulent abodes across Mumbai, Delhi-NCR, and Bengaluru. Moneycontrol presents an exclusive roundup of the top 10 luxury home deals that defined the pinnacle of India’s real estate landscape in 2023.
Mumbai’s Realty Extravaganza
1) Radhakrishna Damani and Family
The founder of D’Mart, Radhakrishna Damani, made headlines with a colossal deal in Mumbai’s Worli. Family members and associates acquired 28 housing units worth a staggering Rs 1,238 crore in the luxurious Tower B of Three Sixty West by Oberoi Realty. This landmark deal, closed in February 2023, set the tone for a year of extravagance in Mumbai’s real estate market.
2) Taparia Family
J P Taparia’s family, the brains behind Famy Care, secured six sea-facing properties worth approximately Rs 369 crore. The luxury units, part of projects like Oberoi Three Sixty West and Lodha Malabar, added a new chapter to Mumbai’s real estate narratives.
3) Niraj Bajaj of Bajaj Auto
Bajaj Auto Chairman Niraj Bajaj entered the spotlight with the purchase of a sea-facing triplex apartment for Rs 252.5 crore in March 2023. The residence, nestled in Lodha Malabar Palaces by the Sea at posh Malabar Hill, epitomizes the grandeur that marked Mumbai’s realty landscape this year.
4) Welspun Group
Chairman BK Goenka of Welspun Group acquired a penthouse worth Rs 230 crore in Tower B of Three Sixty West, Worli. Spanning 29,885 sq ft with a terrace of 4,815 sq ft on the 63rd floor, this deal exemplifies the allure of high-end living in Mumbai.
Delhi-NCR’s Affluent Acquisitions
5) Rohatgi Family
Vasudha Rohatgi, wife of former Attorney General Mukul Rohatgi, made a mark by purchasing a Rs 160 crore bungalow in Delhi’s prestigious Golf Links in February 2023. This epitome of luxury living in the capital signifies the opulence that defines Lutyens’ Delhi.
6) Bhanu Chopra
Businessman Bhanu Chopra, founder of RateGain, stepped into the league of corporates with his acquisition of a Rs 127.5 crore bungalow at Delhi Golf Links in February 2023. This deal reaffirms the allure of Lutyens’ Delhi as a preferred location for high-net-worth individuals.
7) Rs 100 Crore Flat in Gurugram
Breaking barriers in Gurugram, a luxury apartment was sold for approximately Rs 114 crore at The Camellias by DLF on Golf Course Road. This deal signifies Gurugram’s emergence as a hub for high-value luxury properties, challenging traditional real estate norms.
Bengaluru’s Resilient Luxury Market
8) Micro Labs
Dilip Surana, CMD of Micro Labs Ltd., led one of Bengaluru’s biggest luxury home deals by acquiring a bungalow for Rs 66 crore. This acquisition, amid challenges faced by Bengaluru’s real estate sector, showcases the resilience of the city’s luxury property market.
9) TVS Motors
TVS Motors made a mark in Bengaluru’s Koramangala area with the purchase of a Rs 20.93 crore bungalow in January 2023. This deal adds to the city’s diverse real estate portfolio, blending modernity with opulence.
10) NRJN Family Trust
Nandan M Nilekani’s NRJN Family Trust concluded a noteworthy deal, selling a property in Bengaluru’s Billionaire Street Koramangala for Rs 54.70 crore in January 2023. This transaction reinforces Bengaluru’s status as a city with a flourishing luxury real estate market.
As the curtain falls on 2023, these top 10 luxury home deals stand as testaments to the grandeur and sophistication that adorned India’s real estate sector, defining a year marked by opulent residential acquisitions.
