Rekha Jhunjhunwala purchases Rs 11.76-crore apartment in South Mumbai

In November 2023, Kinnteisto LLP, the firm run by Rekha Jhunjhunwala had purchased two commercial office spaces amounting Rs 740 crore.

Rekha Jhunjhunwala, wife of late ace investor Rakesh Jhunjhunwala, has purchased an apartment worth Rs 11.76 crore in Walkeshwar area of South Mumbai. The apartment spread across 1,666 sqft carpet is in a more than 50-year old building near the Arabian Sea named Rockside Apartment, according to property registrations documents accessed by IndexTap.com.

Jhunjhunwala paid over Rs 59 lakh for stamp duty and registration charges for which the transaction was registered on March 15, 2024. The apartment comes with one car parking of around 376 sqft.

A message sent to Rekha Jhunjhunwala for a comment on the transaction did not get any response.

Walkeshwar and Malabar Hill micro-market of the Mumbai real estate market were once India's costliest residential real estate market, however, as businesses moved north wards, there is dearth of premium and luxury projects in the vicinity.

In November 2023, Kinnteisto LLP, the firm run by Rekha Jhunjhunwala, in one of India's largest commercial office deal had purchased over 1.94 lakh sq ft of commercial office spaces in the Bandra Kurla Complex (BKC) along with in Chandivali area of Mumbai real estate market for around Rs 740 crore.

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Special Correspondent|Moneycontrol

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Speaking to Moneycontrol, Jhunjhunwala in November 2023, had said that the commercial spaces have been bought for the family from a long-term perspective. "These assets generate good yields, are leased to marquee tenants. And being well located, are quite secure in nature," she said.

Also read: Largest deal? Rekha Jhunjhunwala’s firm purchases office space in 2 deals for Rs 740 crore in Mumbai

Jhunjhunwala is widow of ace investor Rakesh Jhunjhunwala, the billionaire investor who died on August 14, 2022. The 62-year-old business magnate was worth $5 billion at the time, and apart from his wife, he is survived by two sons and a daughter.

Also read: Why Buy Now, Pay Later is making a comeback in the Mumbai real estate market?

The Jhunjhunwala family also owns a sprawling 14-storey bungalow in the posh Malabar Hills area of South Mumbai. The house was built at an expense of Rs 371 crore after buying out an entire building called Ridgeway Apartments.