Jaipur Gems CEO Acquires Dual Luxury Residences at Worli for ₹160 Crore

Siddhartha Sacheti, who serves as both Creative Director and Chief Executive Officer of Jaipur Gems and is the brother of jewellery brand founder Mithun Sacheti, has reportedly acquired two high-end residential units in Mumbai's upscale Worli neighbourhood for a cumulative consideration of ₹160 crore.

Transaction Specifications

Market Implications and Context

Industry observers noted that the purchase underscores the resilience of Mumbai's ultra-luxury residential segment, particularly in coveted micro-markets such as Worli.

The effective rate of approximately ₹1.30 lakh per square foot reportedly highlights the premium valuation being accorded to sea-facing high-rise properties equipped with world-class amenities.

Real estate analysts stated that the project in question has earned recognition for its exclusive positioning, luxury service offerings, and an affluent resident profile, positioning it as a sought-after asset among high-net-worth individuals seeking ultra-premium real estate investments.

This acquisition was reported to have followed Sacheti's enhanced financial capacity stemming from the sale of his family's stake in the jewellery business, which has enabled significant real-estate deployment.

Broader Sectoral Takeaways

For the luxury property market, transactions of this magnitude were said to demonstrate that trophy residences remain in high demand despite prevailing economic uncertainties.

From an investor perspective, such purchases were observed to signal that asset valuation in premium segments is increasingly driven by location, service infrastructure and exclusivity rather than merely scale or finishes.

For developers, the transaction reportedly reinforces the view that high-end projects in prime locations like Worli continue to command premium pricing, thereby encouraging further supply tailored to the luxury segment.

In summary, the deal was described as a clear vote of confidence in Mumbai's top-tier residential market by a prominent entrepreneur, reinforcing the perception that premium real estate remains a preferred avenue for substantial wealth allocation among India's affluent class.