Inside Sajjan Jindal’s ₹500 Cr Mansion: Sea Views, Billionaire Neighbours & a Real Estate Legacy

In one of the most high-profile property acquisitions in India, industrialist Sajjan Jindal—Chairman and Managing Director of JSW Group—reportedly acquired the sprawling Maheshwari House on Mumbai’s elite Napean Sea Road for a whopping ₹500 crore. The sea-facing bungalow, once owned by the Maheshwari family, covers nearly one acre—an exceptional rarity in land-starved South Mumbai.

A Slice of Billionaire Real Estate Strategy

The property, spread across three storeys and overlooking the Arabian Sea, underwent extensive renovation after Jindal took ownership. The deal itself reportedly involved ₹200 crore paid to a single heir, with the remaining ₹300 crore distributed among other members of the Maheshwari family. The bungalow’s proximity to landmarks like the Russian Consulate adds to its prestigious location value.

More Than Just a Home

For Sajjan Jindal, real estate has become a domain where heritage meets business foresight. His other key holdings include:

• Jindal House, Walkeshwar: Considered the Jindal family’s primary residence, this property lies within the same affluent belt of South Mumbai and represents the family’s longstanding presence in the city’s ultra-rich circles.
• Morena House, Carmichael Road: Formerly the Belgian Consulate, this colonial-style property was bought for ₹125 crore in 2008. It’s now earmarked for redevelopment into an ultra-luxury eight-storey residential tower—expected to be the first of its kind on Carmichael Road in nearly 50 years.
• Jindal Mansion: Also in the vicinity, this structure has been revamped to house JSW Group’s headquarters. Designed by Edifice Architects, the space seamlessly combines corporate function with aesthetic finesse.
• Prithviraj Road Bungalow, New Delhi: A prominent address in the Lutyens’ Bungalow Zone, this property adds to Jindal’s pan-India luxury real estate presence.

JSW Centre: The Corporate Landmark

While not a residential property, the JSW Centre in Mumbai’s Bandra-Kurla Complex stands out as a flagship commercial building. With its steel-and-glass design, it mirrors the industrial essence of the JSW brand and symbolizes Jindal’s expansion into corporate architectural identity.

The Bigger Picture: Real Estate as a Power Play

Experts suggest that Sajjan Jindal’s property acquisitions go beyond luxury—they serve as legacy investments, status symbols, and strategic plays in India’s high-stakes real estate game. The Maheshwari House transaction was once the costliest in the country before being surpassed by Kumar Mangalam Birla’s purchase of Jatia House.

Quick Real Estate Facts

• Napean Sea Road bungalow rates exceed ₹85,000 per sq ft, especially for heritage homes.
• Jindal’s renovation of Maheshwari House was reportedly so thorough, it now resembles a modern palace wrapped in classic architecture.
• Morena House’s redevelopment marks a historical shift for Carmichael Road—no new buildings have been constructed there for nearly five decades.
• With homes near diplomatic enclaves, Jindal’s real estate portfolio is as much about influence as it is about comfort.

Joining Mumbai’s Billionaire Bungalow Club

Sajjan Jindal now finds himself in elite company with fellow business titans like Mukesh Ambani, Kumar Mangalam Birla, Ratan Tata, and Anand Mahindra—all owners of iconic residential properties in Mumbai. Unlike many who opt for towering skyscrapers, Jindal’s focus appears to be on legacy homes—often bungalow-style properties with cultural or historical value.

For those navigating through South Mumbai’s scenic routes, the grandeur of Maheshwari House and its neighbouring estates offers a peek into the billionaire lifestyle—one built as much on steel as on vision.

Disclaimer: The details mentioned in this article are based on publicly available information and media reports. Property values, ownership details, and redevelopment plans are subject to change and may not reflect current market or legal conditions.