by Rajesh Mourya
Mumbai’s real estate market has always been a symbol of luxury, ambition, and high-value transactions. The latest record-breaking property deal in the city has once again put Juhu on the map as a prime location for luxury living.
In a high-profile transaction, Paresh Shah and Avni Shah, directors of Sahastraa Advisors Private Limited, have purchased an ultra-luxurious apartment in Lodha Avalon Tower, Juhu, for a staggering ₹106 crore. This purchase is one of the biggest real estate transactions in Mumbai, with the price exceeding ₹1 lakh per square foot. This sale underlines the growing demand for premium residential spaces in Mumbai, particularly in Juhu, a neighborhood synonymous with Bollywood stars, business magnates, and affluent families.
Details of the Transaction
- Property Location: Avalon Tower, Juhu Tara Road, Mumbai
- Total Consideration: ₹106 crore
- Price per Sq Ft: Over ₹1 lakh
- Additional Amenities: Five car parking spaces
- Registration Date: January 19, 2025
- Developer: Lodha Group (Macrotech Developers)
- Expected Completion Date: September 2028
This purchase highlights the increasing investment by high-net-worth individuals (HNIs) and financial experts in Mumbai’s luxury real estate market.
Who Are the Buyers?
The buyers of this luxury apartment, Paresh Shah and Avni Shah, are directors of Sahastraa Advisors Private Limited, a reputed financial consulting firm. The firm provides wealth management, investment advisory, taxation consulting, and financial restructuring services to major corporate houses and ultra-high-net-worth individuals (UHNIs) in India and abroad.
About Sahastraa Advisors Private Limited
Sahastraa Advisors Private Limited is a leading financial consulting firm known for its expertise in managing investments and wealth portfolios for India’s elite. The company specializes in:
- Investment Advisory for HNIs and UHNIs
- Taxation Planning & Wealth Management
- Business Restructuring & Financial Planning
- Real Estate Investment Advisory
With their deep understanding of wealth creation and asset appreciation, the Shahs’ decision to invest in Juhu’s high-end luxury property signifies their confidence in Mumbai’s booming real estate sector.
About Lodha Avalon Tower, Juhu
A Benchmark in Luxury Living
Lodha Avalon Tower in Juhu is one of the most premium and exclusive residential projects by the Lodha Group, known for developing some of Mumbai’s most opulent properties. Situated on Juhu Tara Road, this tower offers ultra-luxury apartments with world-class amenities. The project is currently under development and is expected to be completed by September 2028.
Key Features of Lodha Avalon Tower
- Spacious Residences – Apartments with lavish carpet areas exceeding 9,000 sq ft.
- Skyline Views – Offers unmatched sea views and stunning cityscapes.
- Luxury Amenities
- Private infinity pool
- Personal concierge service
- Gym & spa with international trainers
- Private theatre
- Business lounges
- Exclusive residents’ club
- High-Security Systems – Advanced security features with 24×7 surveillance.
- Strategic Location – Close to Juhu Beach, major luxury hotels, and top restaurants.
The project is a landmark in Mumbai’s high-end real estate market, attracting Bollywood celebrities, industrialists, and top business executives.
Why Juhu Is a Preferred Location for Luxury Living?
Juhu has always been one of Mumbai’s most sought-after residential areas, thanks to its prime location, celebrity neighborhood, and luxurious lifestyle.
Key Factors Driving Juhu’s Real Estate Demand:
- Home to Bollywood Celebrities & Business Tycoons
- Juhu houses superstars like Amitabh Bachchan, Anil Kapoor, Hrithik Roshan, and Akshay Kumar.
- Many corporate executives and business tycoons prefer Juhu due to its status, connectivity, and lifestyle amenities.
- Connectivity & Infrastructure
- Close to Mumbai International Airport (Chhatrapati Shivaji Maharaj International Airport).
- Well-connected to Western Express Highway, Bandra-Worli Sea Link, and Andheri.
- High-End Social Infrastructure
- Top-rated schools, hospitals, hotels, and luxury retail stores.
- Exclusive members-only clubs and fine-dining restaurants.
- Premium Investment Destination
- Luxury property prices have shown consistent appreciation over the years.
- High rental yields make Juhu a lucrative location for real estate investments.
Why Is This Deal Significant for Mumbai Real Estate?
- One of Mumbai’s biggest real estate transactions.
- Reinforces Juhu’s position as a prime luxury residential market.
- Shows the growing confidence of financial experts and HNIs in Mumbai’s property sector.
- Highlights the rising property prices in Mumbai’s high-end segments.
The deal indicates that luxury real estate in Mumbai remains a strong investment option, attracting not just industrialists and celebrities but also financial experts and corporate leaders.
Luxury Real Estate Market Trends in Mumbai 2025
Mumbai’s Luxury Housing Boom
According to real estate analysts, Mumbai’s luxury real estate segment is experiencing rapid growth, driven by:
- Increase in High-Net-Worth Buyers
- More HNIs and NRIs are investing in Mumbai’s luxury properties as part of their wealth management strategies.
- Low Home Loan Interest Rates
- Banks and NBFCs offer attractive home loan rates, making luxury home investments more accessible.
- Premium Locations Continue to Appreciate
- Areas like Juhu, Worli, Bandra, and South Mumbai see consistent property value appreciation.
- Increase in Demand for Spacious Homes
- Post-pandemic, there is higher demand for spacious, well-ventilated homes with premium amenities.
Conclusion
The purchase of a ₹106 crore luxury apartment in Lodha Avalon Tower, Juhu, by Sahastraa Advisors’ directors, Paresh Shah and Avni Shah, is a landmark real estate transaction in Mumbai. It reflects the rising demand for ultra-luxury homes and highlights Juhu’s appeal as a premier investment destination.
With Mumbai’s luxury housing market on the rise, investors, HNIs, and NRIs should closely watch for similar high-value transactions, as these indicate strong investment opportunities in the city’s premium real estate sector.