Uday Kotak and Family Acquire Rs 202 Crore Luxury Property in Mumbai’s Worli Sea Face

Summary: Uday Kotak, the founder of Kotak Mahindra Bank, and his family have purchased a luxury residential property worth Rs 202 crore in Mumbai’s prestigious Worli Sea Face area. The acquisition includes 12 units within the Shiv Sagar development, covering a total of 7,418 square feet at approximately Rs 2.71 lakh per square foot. Most transactions were registered on January 30, with one additional transaction recorded on February 5. This high-profile purchase highlights the continued demand for ultra-luxury real estate among India’s elite, reinforcing Kotak’s status as one of the country’s wealthiest individuals.

Mumbai: India’s richest banker and the founder of Kotak Mahindra Bank, Uday Kotak, along with his family, has reportedly made a significant real estate investment by purchasing residential property worth Rs 202 crore in the prestigious Worli Sea Face area of Mumbai.

The acquisition consists of 12 residential units within a three-floor development known as Shiv Sagar. According to multiple news reports, the total area of the purchased properties spans 7,418 square feet, translating to an approximate cost of Rs 2.71 lakh per square foot.

As per transaction documents sourced from Zapkey.com, the majority of the property transactions were officially registered on January 30, with an additional transaction recorded on February 5.

This high-profile acquisition highlights the continued demand for ultra-luxury real estate in Mumbai’s premium locations, particularly among India’s elite business families. The Worli Sea Face area, known for its breathtaking views and prime positioning, continues to be one of the most sought-after addresses in the city.

Uday Kotak, a highly influential figure in India’s banking sector, founded Kotak Mahindra Bank, which has grown into one of the country’s leading financial institutions. His latest real estate investment further cements his position among India’s wealthiest individuals and reflects his preference for prime real estate in Mumbai’s most upscale neighborhoods.

Check out more on Startup News and Startup Funding News. Stay connected with us across all our social media platforms: Facebook, Instagram, LinkedIn, X (formerly Twitter), Google News and Join Our Community.