Billionaire Banker's Blockbuster Buy: Uday Kotak Snaps Up Entire Mumbai Sea-Facing Building for Rs 400 Crore

In a first-of-its-kind real estate transaction, Uday Kotak and his relatives have bought an entire sea-facing building in the upscale Worli area of Mumbai for a record Rs 400 crore. The deal involves buying 12 flats in the Shiv Sagar building, with an area of 7,418 square feet. At Rs 2.72 lakh per square foot, the deal is the new national benchmark price for housing properties. The transaction, which was registered on January 30, 2025, reflects the sustained vigor of Mumbai's high-end realty market. Market insiders are guessing that the Kotak family might merge this property with their neighboring plot, possibly developing a sprawling estate in one of India's most desirable neighborhoods.
Sources: Economic Times, NDTV, Financial Express