In this Mumbai locality, being rich isn't enough. Even Rakesh Jhunjhunwala faced rejection

In Mumbai, where wealth often dictates access, a surprising social dynamic plays out in the city's most exclusive enclaves. One such area, Pedder Road, stands out not just for its affluence but for its unique social barriers, where even immense wealth or celebrity status doesn't guarantee acceptance. This stark reality was recently highlighted by journalist Vishal Bhargava, who revealed that Bollywood celebrities often face unofficial hurdles when attempting to purchase homes in the area, and even the late billionaire investor Rakesh Jhunjhunwala experienced rejection from an elite club.

Speaking on the "Mumbai, Munch and Market with Chintan Vasani" Instagram episode, Bhargava described Pedder Road as the domain of "the rich and the super rich," home to luminaries like the Tata chairman and Mukesh Ambani. But, unlike Bandra, which openly embraces celebrities, Pedder Road societies often view Bollywood actors as a "nuisance," imposing informal restrictions on their ability to buy property.

The exclusivity extends beyond residential societies to elite social institutions. Bhargava specifically cited the Willingdon Club, a prominent establishment known for its discerning membership criteria. "They do not like Bollywood actors, but do not like anybody who they think is not sophisticated and refined," he explained. Bhargava also revealed that Jhunjhunwala, the revered "Big Bull" of the Indian stock market, was rejected three times in his attempts to gain membership to the Willingdon Club.

"It’s not that you have money, it’s that money is not enough in Peddar Road, you need to have something more than money," Bhargava emphasised. He elaborated that while being "rich and super rich" might offer a chance, being "rich and famous" can ironically be a disqualification. Instead, "rich and sophisticated" individuals reportedly have better odds of acceptance in this ultra-exclusive precinct.