Anil Kumar Agarwal, the founder of Vedanta and one of India’s richest entrepreneurs, recently shared a remarkable story about his first home purchase in Mumbai. Despite having only ₹75,000 in his bank account at the time, he set his sights on owning a flat in one of the city’s most prestigious neighborhoods—Malabar Hill.

In a post on X (formerly Twitter), Agarwal recounted:

“When I first came to Bombay, I was livingj near Cotton Exchange near Kalbadevi. My first business partner had a small office there, and that’s where it all began. Life was simple, but my dreams were not.

After a lot of hard work and jugaad, I finally dared to think about buying my own flat. Sapne bade the, lekin bank mein sirf ₹75,000 the.

People advised me to look in the suburbs, it was cheaper and more practical. But I had a different dream. I wanted to live where the top people lived. Malabar Hill, near Peddar Road, that’s where I saw myself, because I believed that one day, I would also make it big.

I still remember buying my first flat in Navranga Apartment. It was a small 330 sq ft flat, but it felt like my biggest achievement. That house wasn’t just bricks and walls, it was my belief that I was moving in the right direction.

Looking back, I’ve learned one thing; life is all about dreaming big and believing in yourself. Start small, work hard, and never let anyone tell you what you can or cannot achieve.”

Agarwal’s story is a testament to the power of ambition and calculated risk-taking in real estate. In today’s market, where homeownership remains a key aspiration, his story serves as a reminder that determination and vision can turn even the smallest beginnings into major milestones.

Also Read: stamp duty discount for homebuyers

The post With Just ₹75,000 in His Bank, Vedanta Founder Anil Agarwal Bought His First Home in Malabar Hill appeared first on Square Feat India.

A deal in Worli has set a realty record for the city of Mumbai. Worli’s Raheja Legend witnessed a real estate deal where a flat was sold for Rs 45 crore. The deal at Rs 1.45 lakh per sq ft is this year’s most expensive realty deal (till now), the second most expensive realty deal now is that of Tata Group chairman N Chandrasekaran and his family, who had bought a flat in Peddar Road for Rs 1.43 lakh per sq ft.

According to documents provided by Zapkey.com, Kiran Anil Agarwal wife of Anil Agarwal, founder and Chairman of Vedanta Resources ltd, bought a sprawling home on the 36th floor of the building Raheja Legend.

Raheja Legend is an exclusive building located on Dr Annie Besant Road in Worli, where according to realtors homes are available only on invite.

The deal was signed on June 29, while it was registered with the registration office on July 1, 2022, for which a stamp duty of Rs 2.25 crore was paid.

Documents accessed by this newspaper reveal that the area of the apartment bought by Agarwal from the seller Rahul Narang, is 3083.38 sq ft and when one calculates the per sq ft rate it comes to Rs 1.45 lakh. This rate is amongst one of the highest per square feet paid in the recent times. The owners will also have access to five car parks in the building.

According to Rajiv Jain, a realtor from South Mumbai, the building in which Agarwal bought the house demands a premium. “Apartments in this building have always been sold directly and mostly on an invite, rarely any realtor has been involved. The bedrooms offer a direct sea view and are huge, even the bathrooms in this building are huge. This has always had the elite at its occupants,” said Jain.

.Indian Cricket team’s former Captain, Virat Kohli, in the year 2017 had rented an apartment on the 40th floor of this building for a monthly rent of Rs 15 lakh, Virat had moved in this apartment in 2017 and stayed there for quite some time.

A detailed email sent to the buyer and the seller got us no response. The Agarwal’s currently reside in an independent structure located next to Samudra Mahal. Samudra Mahal is an iconic building in its own and has seen many expensive realty deals, originally stood here a palace owned by the Scindias of Gwalior.

Top five Expensive Realty Deals of Mumbai

In May 2022, Tata Chairperson Chandrasekaran Natrajan, along with family members bought a duplex worth Rs 97.85 Crore in Peddar Road’s 33 South building. He paid Rs 1.43 lakh per sq ft for the 6,800 sq ft flat.

In March 2022, a 10,566 square feet flat in the same building, Rahjea Legend was sold for Rs 144 crore, thus taking the per square feet value to Rs 1.36 lakh

In April 2022, a 3183.96 sq ft apartment was sold in Carmichael Residencies, Carmichael Road, for a total consideration of Rs 40 crore, the per sq ft rate here was Rs 1.25 lakh

In December 2021, a realty deal took place in Samudra Mahal, where the apartment measuring 3638 sq ft was sold for Rs 42 crore, or for Rs 1.15 lakh per sq ft

In July 2020 businessman Anurang Jain paid ₹1.56 lakh per square feet for a flat in Carmichael Residencies.

Also Read: Quadruplex Sold for ₹144 Crore in Worli Building

The post Sold for Rs 1.45 Lac psf, this is Mumbai’s most expensive home appeared first on Square Feat India.