The market for luxury real estate is on the upswing because the rich are investing in new digs. Hurun’s 2023 rich list is a tell-all about billionaires and their properties.
Damanis take over South Mumbai
BCCL
Avenue Supermarts' founder and CEO, Radhakishan Damani, who has come 8th on the Hurun list has orchestrated one of 2023's most significant property transactions. Together with family members and associates, they have acquired 28 apartments in a premium South Mumbai residential property, amounting ₹1,238 cr.
Niraj Bajaj’s sea view property in Malabar Hill
BCCL
Niraj Bajaj, the Chairman of Bajaj Auto, who along with his family is ranked 10th on the list, has acquired a triplex apartment with a sea view in the upscale Malabar Hill area of Mumbai. This prestigious property was worth ₹253 cr.
Welspun chairman’s ₹230 crore penthouse
welspunone.com
Balkrishan Goenka, the chairman of Welspun Group, has seen a 53% uptick in his wealth and secured a penthouse in Oberoi Realty's Three Sixty West project in Worli, Mumbai, for an impressive ₹230 cr.
Mukesh Ambani’s Dubai acquisition
BCCL
Mukesh Ambani, the chairman of Reliance Industries, has seen a 2% change in his wealth as per the report and tops the list. He acquired a mansion on Dubai's Palm Jumeirah Island for ₹1,350 cr from the family of Kuwaiti tycoon Mohammed Alshaya.
Ravi Ruia’s London buy
BCCL
Ravi Ruia of the Essar Group has reportedly purchased a London mansion worth ₹1,200 cr, previously linked to Russian property investor Andrey Goncharenko.
Nandan Nilekani’s donation
BCCL
Nandan Nilekani, Infosys co-founder and chairman, has donated ₹315 cr to support infrastructure, research, and a deep tech startup ecosystem at IIT Bombay.