Reliance Buys 3 Flats at One Altamount for Rs 85 Cr

Reliance Industries Limited has purchased three residential units at One Altamount Road in South Mumbai for Rs 85 crore, according to CRE Matrix. The transaction is dated February 10, 2026, and the company paid roughly Rs 5.10 crore in stamp duty.

The combined carpet area of the acquisitions is 3,162 sq ft–the principal apartment is ~2,004.8 sq ft, and there are two additional units that are approximately 578.67 sq ft each. The properties were purchased from India Best Buy Private Limited.

Key Highlights

• Reliance Industries buys three Altamount Road flats for Rs 85 crore.
• Deal covers 3,162 sq ft; Rs 5.10 crore paid as stamp duty.
• Transaction signals strong demand in Mumbai’s luxury market.

One Altamount Road is located in the prestigious Altamount Road - Cumballa Hill area of South Mumbai and is one of the most exclusive residential enclaves of Mumbai. Industrialists, business executives and ultra-high net worth individuals are drawn to this micro-market, which has a very limited supply of prime city addresses and strong long-term value.

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The ongoing momentum in the luxury residential real estate market in Mumbai is demonstrated by the high volume of transactions being completed for luxury residential properties, even though prices have reached all-time highs.

In South Mumbai, Worli and Bandra West, there are multiple examples of corporates, investors and non-resident Indians completing marquee transactions each month. Demand for trophy assets in established prime locations remains strong and continues to exceed the overall residential market trends, which has only enhanced the attractiveness of Mumbai as a top destination for capital investment.