In a significant real estate move, Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has expanded its portfolio with the acquisition of a prime land parcel in the prestigious Malabar Hill area of South Mumbai for ₹170 crore, according to property registration documents.
The transaction involved the transfer of ownership of over 48,000 sq ft of land from Behram Nowrosji Gamadia, which also includes a 257 sq m structure. Records indicate that this property boasts a rich history, with ownership rooted in the pre-independence era and passed down through the Gamadia family.
Specifically, the total land area acquired amounts to 48,491 sq ft, with the purchase transaction officially registered on March 27, 2025. Official documents detail the payment of ₹10.46 crore in stamp duty and ₹30,000 in registration fees to complete the acquisition.
This high-value real estate deal follows closely on the heels of another notable transaction in South Mumbai. Just last month, the iconic Laxmi Nivas bungalow, situated on Nepean Sea Road and famed for its role as a secret hideout for freedom fighters during the Quit India Movement in the 1940s, was sold for ₹276 crore, as revealed by property documents.
These transactions collectively underscore the enduring allure and premium value of real estate in South Mumbai’s most coveted locales.
Also Read: Historic Laxmi Nivas Bungalow in Malabar Hill Sold for ₹276 Crore
