Industrialist Nikhil Nanda Acquires Luxury Sea-Facing Apartment in Juhu's Raheja Maestro for ₹28.4 Crore

In a significant development in Mumbai's ultra-luxury real estate market, industrialist Nikhil Nanda, who serves as Chairman and Managing Director of Escorts Kubota Ltd and is the son-in-law of veteran actor Amitabh Bachchan, has reportedly acquired a premium apartment at Raheja Maestro, a boutique residential project developed by K Raheja Corp in the upscale locality of Juhu.

According to registration documents, the apartment deal was finalized on October 16, 2025, with the transaction valued at approximately ₹28.39 crore. The purchase encompasses a 3,139 square feet apartment, a 411 square feet private terrace, and three reserved car parking slots. Nanda is said to have paid stamp duty amounting to ₹1.70 crore for the transaction.

Raheja Maestro: A Premium Development on Historic Land

Raheja Maestro is being constructed on the site that once housed BR House, the former residence of the iconic filmmaker B.R. Chopra. Upon completion, K Raheja Corp's project is expected to offer a limited collection of ultra-luxury residences featuring panoramic views of both the Juhu Aerodrome and the Arabian Sea.

Situated in one of Mumbai's most prestigious coastal areas, the development has been designed to appeal to a select group of buyers, including industrialists, celebrities, senior executives, and legacy investors. The project is slated for completion by the end of 2026 and has already attracted considerable attention from high-net-worth individuals due to its distinctive combination of location, historical significance, and exclusivity.

Implications for Mumbai's Ultra-Luxury Real Estate Market

This transaction underscores the sustained momentum in India's ultra-luxury residential segment, despite broader market fluctuations. Juhu, which has long been recognized for its celebrity residences and premium standalone bungalows, is now witnessing renewed interest in high-rise, sea-facing developments that offer curated lifestyle amenities.

For developers, this sale serves as validation for the market demand for low-density, high-value inventory in established neighborhoods. For buyers, it reinforces a clear preference for branded residences offering sea-facing views, privacy, spaciousness, and scenic vistas—attributes that have gained increased importance in the post-pandemic era.

Celebrity Real Estate Transactions in Juhu

Nanda's acquisition follows a pattern of celebrity real estate investments in Juhu, where high-profile individuals continue to invest in premium properties. The transaction adds to the growing list of luxury real estate deals involving prominent industrialist families connected to the entertainment industry, including Amitabh Bachchan's real estate portfolio expansion.

Transaction Details at a Glance

Market Outlook for Premium Real Estate

The acquisition of this Raheja Maestro unit adds to the expanding list of luxury real estate transactions in Mumbai, where location, brand reputation, and exclusivity continue to command premium pricing. For developers holding legacy land parcels in prime locations, the transaction signals strong demand at the upper end of the market—provided the product delivers on design quality, views, and privacy.

Industry observers note that such high-value property transactions reflect confidence of affluent buyers in Mumbai's real estate landscape, particularly in established micro-markets like Juhu that offer both lifestyle advantages and investment potential. The transaction also highlights the trend of genuine luxury versus premium housing in Mumbai's competitive market.

With Mumbai's revised property valuations and increasing stamp duty obligations, such large-ticket purchases demonstrate the strong appetite for luxury properties among India's business elite and celebrity families.

Disclaimer: This news article is based on information obtained from registration documents and publicly available sources. The transaction details, including the purchase price, stamp duty, and property specifications, are reported as per the available records at the time of publication. Readers are advised to independently verify the information and consult with real estate professionals or legal advisors before making any property-related decisions. The website does not guarantee the accuracy, completeness, or timeliness of the information presented and shall not be held liable for any actions taken based on this article.