Juhu Property Market Hits Record with INR 113 Cr Sale

The Juhu property market has seen a record sale with Aatman Innovations Pvt Ltd, led by motivational author and speaker Deep Trivedi, buying a high-end flat in Lodha Avalon for more than Rs.113 crore. The 9,863 sq. ft. flat, on the 10th floor of the sea-facing under-construction project on Juhu Tara Road, has created a new benchmark for this suburban micro market at more than Rs.1.15 lakh per sq. ft., which is more than the earlier record of Rs.1.08 lakh per sq. ft.

The property transaction was completed on August 18, as per registration papers, with Aatman shelling out Rs.1,13,42,45,000 as consideration and another Rs.6.80 crore towards stamp duty. Including GST, the overall transaction value came to almost Rs.129 crore. 

Key highlights:

• Deep Trivedi’s Aatman Innovations buys 9,863 sq. ft. Juhu flat for Rs.113 crore, setting a new price record at Rs.1.15 lakh per sq. ft
• The sea-facing flat is in Lodha Avalon, an under-construction luxury project on Juhu Tara Road near Bollywood celebrities’ residences
• Including stamp duty and GST, the total transaction value is nearly Rs.129 crore, underscoring Juhu’s growing appeal for UHNIs

Industry observers point out that Juhu remains a favorite among Ultra High Networth Individuals (UHNIs) due to its strategic location and sea-facing properties. "Juhu has unmatched sea-facing spread, Lodha Avalon presents a special luxury offering in Juhu, which is drawing high-profile homebuyers," said a real estate adviser.

Lodha Developers is building two towers on the property of the ex-Centaur Hotel, marketing them as "mansions by the sea." Its closeness to homes of Bollywood legends such as Amitabh Bachchan, Ajay Devgn, and Kajol also contributes to its elite tag.

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Deep Trivedi, known for his works on spirituality and psychology, is also a prominent stock market investor. “For many UHNIs, such acquisitions are more than real estate—they are statements of legacy and lifestyle,” the consultant added.

This deal, while smaller than Pharma baroness Leena Gandhi Tewari’s Rs.703 crore Worli purchase, underscores Juhu’s growing appeal in Mumbai’s luxury property market.