CaratLane Founder Buys Rs 36.5 Cr Property in Chennai

Mithun Sacheti, founder of CaratLane, has acquired a premium residential property in Chennai for Rs 36.5 crore, according to property registration data accessed via Zapkey.

The transaction, registered on March 6, 2026, highlights sustained high-value activity in the city’s core real estate markets. The asset is located on JJ Road in Teynampet, a well-established residential micro-market. The deal comprises a combined land parcel of approximately 7,044 sq ft and a built-up area of about 5,210 sq ft.

Key Highlights

• Mithun Sacheti buys Rs 36.5 crore property in Teynampet, Chennai
• Deal includes 7,044 sq ft land and 5,210 sq ft built-up area
• Reflects rising HNI demand in Chennai luxury real estate market

It was executed with two sellers—MS Mukundan and MS Rajarajeshwari—who jointly owned adjacent properties along with a shared access passage.

Mukundan’s share included a 3,120 sq ft plot with a G+1 residence spanning 2,480.8 sq ft, while Rajarajeshwari’s portion consisted of a 3,132 sq ft plot with a G+1 structure of 2,728.9 sq ft. Additionally, a 792 sq ft common passage jointly owned by both sellers forms part of the transaction.

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The purchase aligns with a broader trend of marquee real estate investments by high-net-worth individuals. Earlier, Siddhartha Sacheti acquired two luxury apartments in Mumbai’s Worli for Rs 160 crore.

Similarly, Girish Mathrubootham and actor Nayanthara have made significant property investments in Chennai, reflecting strong demand for premium housing across key urban micro-markets.