A flat in this Mumbai building generated 19% CAGR for 40 years, even beat Indian stock markets: Raamdeo Agrawal

A flat in this Mumbai building generated 19% CAGR for 40 years, even beat Indian stock markets: Raamdeo Agrawal

• Samudra Mahal flat price jumped from Rs 125/sq ft to Rs 1.25 lakh/sq ft in 40 years
• Raamdeo Agrawal says property beat stock market returns
• Samudra Mahal is a luxury sea-facing complex in Mumbai's Worli

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An old video showing Motilal Oswal Financial Services Chairman and co-founder Raamdeo Agrawal speaking about a particular building in Mumbai beating stock markets has gone viral on social media.

In the video, the market expert can be seen speaking about Samudra Mahal, a luxury sea-facing building located on the Dr Annie Besant Road in Mumbai’s Worli, in which he owns a duplex apartment.

In a news channel interview from 2017 that is being widely circulated on X platform, Agrawal could be seen saying that the flat where he lives was sold to the original buyers back in 1975-76, at Rs 125 per square feet. “Today, that is about Rs 1.25 lakh per square feet. So you cannot find many properties which saw this kind of appreciation,” he could be heard as saying in the old clip.

The market veteran added that this translates to roughly 19 percent CAGR over 40 years, in comparison to the 17.5 percent CAGR reported by the Indian stock markets.

Agrawal and his family had bought the duplex property on the 17th and 18th floor for Rs 46.29 crore back in 2021. The luxury apartment was registered at the rate of Rs 1.27 lakh per sq ft, according to local brokers cited by Moneycontrol.

“I live in Samudra Mahal, one of best buildings in Mumbai. In 1975 it was bought at Rs. 125 sq. ft. Today it’s worth Rs. 1,25,000 sq. ft. 19% CAGR for 40 years”

“The Indian stock market itself has given 17.5% CAGR for 30 years with lower ticket size.” - Ramdeo Agarwal. 2017 pic.twitter.com/srZPkdWSd7 — CA Ronit Pereira (@Ronitper) February 11, 2026

Samudra Mahal is a nearly five-decade-old luxurious, sea-facing residential complex in Mumbai's posh Worli area. Home to Mumbai's rich, the complex was earlier in the limelight as fugitive diamantaire Nirav Modi's residence. Incidentally, both Yes Bank’s founder Rana Kapoor and Nirav Modi occupied duplex units on the top floor.

It is a two-wing, 25-storeyed complex premium estate and comprises 100-odd three bedroom-hall-kitchen (BHK), duplex units, famous 'jodi' apartments and two bungalows. This property was earlier a palace owned by the royal family of Gwalior.