News Godrej Group-owned buys Rs 80.83 cr land in Juhu Mumbai
Acquisition Details
Anamudi Real Estates LLP, a privately held firm associated with the Godrej Group, has successfully acquired a land parcel in the upscale Juhu area of Mumbai for ₹80.83 crore. This transaction was officially registered on February 5, 2025. The land spans approximately 560 square meters and includes a built-up area that consists of a basement, ground floor, and two upper floors.
Financial Aspects
The acquisition involved significant financial commitments beyond the purchase price. A stamp duty of ₹4.85 crore was paid along with a registration fee of ₹30,000. These costs are standard in real estate transactions in India and reflect the legal requirements for property registration.
Market Context
The Juhu locality is known for its high-value real estate market, with current average residential property prices standing at around ₹72,166 per square foot. This figure indicates the premium nature of properties in this area, which is favored by high-net-worth individuals and celebrities due to its coastal appeal and proximity to essential Godrej Properties in Mumbai amenities such as retail outlets, educational institutions, entertainment venues, and healthcare facilities.
In terms of market activity, data from Square Yards indicates that between January 2024 and December 2024, there were 175 sale transactions in Juhu amounting to a gross transaction value of approximately ₹1,346 crore, showcasing robust demand for real estate in this prime location.
Strategic Importance
Juhu’s strategic positioning contributes significantly to its desirability among buyers. It offers a quieter residential environment while maintaining strong connectivity to business hubs and the international airport. The presence of numerous Bollywood celebrities further enhances its allure as an exclusive residential area.
Godrej Group
Recent trends indicate continued investor confidence in Juhu’s long-term growth prospects, as evidenced by other substantial transactions in the vicinity. For instance, Agarwal Holdings Pvt. Ltd. recently acquired land worth ₹455 crore from Shapoorji Pallonji within Juhu.
Anamudi Real Estates’ acquisition reflects both the ongoing demand for premium real estate in Mumbai and the Godrej Group’s commitment to expanding its footprint in lucrative markets.
