Tata Power CEO Buys Rs. 17.5 Cr Luxury Flat in Mumbai

Praveer Sinha, CEO and Managing Director of Tata Power, and his wife Ritu Ahuja Sinha have purchased a luxury apartment in Mumbai’s prestigious Raheja Modern Vivarea project at Mahalaxmi for Rs. 17.50 crore, according to property documents accessed by real estate analytics firm Liases Foras.

The agreement, registered on October 27, 2025, lists the 31st-floor apartment with a carpet area of 2,181 sq ft and balcony space of 78 sq ft, totaling 2,259 sq ft.

Key Highlights

• Tata Power CEO Praveer Sinha buys Rs. 17.5 crore apartment in Raheja Modern Vivarea
• The 2,259 sq ft apartment offers panoramic Arabian Sea and racecourse views
• High-profile CEOs increasingly investing in Mumbai’s luxury property market

The couple paid a stamp duty of Rs. 1.5 crore for the purchase. The sellers are K Raheja Corp Real Estate and Modern India.

Located in the Raheja Modern Vivarea South Tower, part of phase 2 of the project, the development is RERA-registered with possession slated for September 2028. The tower offers panoramic views of the Arabian Sea, Willingdon Golf Course, and Mahalaxmi Race Course.

Also Read: Raheja Solaris Sells Out 956 Homes in Vashi NX Township

Raheja Modern Vivarea has become a hotspot for high-value transactions. Earlier this year, Althera Pharma CEO Sanjeev Agarwal bought three luxury apartments worth Rs. 72 crore, while in 2024, Nirmal Bang Securities’ promoter Kishore Bang purchased two flats for Rs. 45.69 crore, as per documents accessed by Zapkey.com.