Uday Kotak Sets New Real Estate Record with ₹400 Crore Worli Sea-Face Property Deal
In a landmark real estate transaction that has set a new benchmark in India’s property market, billionaire banker and Kotak Mahindra Bank founder Uday Kotak has reportedly acquired an entire apartment building in Mumbai’s prestigious Worli Sea-Face locality for over ₹400 crore.
This deal marks the highest per-square-foot rate ever recorded in Indian real estate history, with prices averaging ₹2.75 lakh per square foot.
According to official registry documents and market sources, the Kotak family already owned 13 of the 24 flats in the sea-facing building. In the most recent transaction, they are said to have purchased an additional eight flats for ₹131.55 crore. These flats range in size from 444 sq ft to 1,004 sq ft, with individual units priced between ₹12 crore and ₹27.59 crore.
While financial details of the remaining three flats remain undisclosed, the cumulative value of the entire property has reportedly crossed the ₹400 crore mark.
Some of the smaller flats in the building reflect astonishing price tags. One of the smallest units, measuring just 173 square feet, was valued at ₹4.7 crore, while a larger 1,396-square-foot apartment was priced at ₹38.24 crore.
The premium valuation is attributed not only to the high-profile buyer but also to the prime location. Situated in Worli, the building overlooks the Arabian Sea and faces Mumbai’s iconic coastal road. The area is home to many of India’s business tycoons, Bollywood stars, and high-net-worth individuals, making it one of the country’s most expensive real estate zones.
As of now, the Kotak family has not issued an official statement regarding the acquisition.
This historic deal underscores the resilience and luxury-driven nature of Mumbai’s elite property market, where prime sea-facing assets continue to command staggering premiums.
