Nikhil Nanda's ₹28 Crore Juhu Apartment: A Deep Dive into Mumbai's Luxury Real Estate

Nikhil Nanda is one of India's most prominent industrialists, serving as the Chairman and Managing Director of Escorts Kubota Limited, a major player in the engineering and agricultural machinery sector. However, his profile extends far beyond the corporate world due to his family ties. Nanda is the son-in-law of Bollywood icon Amitabh Bachchan, being married to his daughter, Shweta Bachchan Nanda. Furthermore, he hails from the legendary Raj Kapoor family, as his late mother, Ritu Nanda, was the daughter of the celebrated filmmaker. This unique position at the intersection of business and Bollywood makes his personal investments, particularly in real estate, a significant marker of market confidence and a subject of intense public interest. His recent acquisition in Juhu is thus seen as a strategic personal investment in a location intrinsically linked to his family's legacy.

The luxury apartment was acquired for a registered value of approximately ₹28.39 crore (about $3.4 million), underscoring the sky-high valuations commanded by prime Mumbai properties. The transaction was officially executed through an Agreement for Sale on October 16, 2025. The process was handled by Nanda's sister, Nitasha Nanda, who acted as the Power of Attorney (PoA) holder for the deal. A significant sum of ₹1.70 crore was paid in stamp duty alone, a figure that, for context, could purchase a substantial home in many other major Indian cities. The seller of the ultra-luxury unit is K Raheja Corp Real Estate Pvt. Ltd., one of India's most respected developers in the premium segment.

The apartment itself is a sprawling, high-end residence tailored for luxury living. The unit boasts a significant carpet area of 3,139 square feet, complemented by an expansive private terrace measuring an additional 411 square feet. This brings the total usable area to approximately 3,550 square feet, a massive space by Mumbai standards. In addition to the extensive square footage, the purchase includes three reserved car parking slots, an essential and valuable amenity in Juhu's densely populated area. The unit is designed with an open-plan layout, featuring large glass windows to maximize natural light and offer panoramic views of the Juhu coastline and the Arabian Sea. Expected high-end amenities include smart home technology, a private gym, and a home theatre, catering to the sophisticated lifestyle of its elite residents.

Nanda's new residence is situated in the 'Maestro' project, an ultra-luxury development by K Raheja Corp in Juhu. The significance of the location is historical and cultural: the project stands on the site of the former B.R. House, which belonged to the family of the legendary filmmaker B.R. Chopra (known for classics like Waqt and Naya Daur). K Raheja Corp acquired the iconic bungalow site in May 2022 for a substantial ₹182.75 crore, and subsequently launched the Maestro residences to honour the location's cinematic heritage. This blending of Bollywood legacy with modern luxury exclusivity is a major draw for HNWIs (High-Net-Worth Individuals) and UHNWIs (Ultra-High-Net-Worth Individuals).

Juhu has long been the epicentre of Mumbai's celebrity and elite residential real estate. The locale is known for its blend of quiet, affluent residential streets and its proximity to the Arabian Sea. It is home to many of Bollywood's biggest names, including the Bachchan family's primary residences, Jalsa and Pratiksha. This presence of prominent film and business families creates an ecosystem of exclusivity and community that is highly valued. For Nikhil Nanda, already spending more time in Mumbai due to his children's burgeoning careers—his son Agastya Nanda recently debuted in Bollywood and his daughter Navya Naveli Nanda is active in business—Juhu offers the perfect combination of professional convenience and family proximity, strengthening the family's overall property footprint in the area.

The developer, K Raheja Corp Real Estate Pvt. Ltd., is renowned for creating meticulously designed, high-quality residential and commercial projects. The 'Maestro' project is envisioned as a limited-edition development, with a total saleable area of around 1 lakh sq ft. Slated for completion by the end of 2026, the project caters to an extremely niche clientele, including top industrialists, CEOs, media executives, and Bollywood personalities. Its architectural design is said to reflect the area's artistic heritage while offering ultra-contemporary sophistication, including panoramic views of the adjacent 300-acre Juhu Aerodrome on one side and the sea on the other.

Nikhil Nanda's purchase aligns with a broader, robust trend witnessed in Mumbai's luxury residential market in 2025. The first half of the year saw record-high home sales above ₹10 crore, with a total value reaching an estimated ₹14,750 crore—an 11% year-on-year increase. Areas like Juhu, Worli, and Bandra West have been key drivers of this growth, with Ultra-High-Net-Worth Individuals (UHNWIs) actively investing in limited-edition, prime properties. This surge is fuelled by several factors: growing personal wealth, a desire to diversify and safeguard assets amid global economic uncertainties, and improved city infrastructure. The investment by a leading industrialist reinforces the market's confidence in the long-term value appreciation of Mumbai's coastal luxury belt.

Beyond the financial and real estate aspects, this purchase carries significant cultural and familial weight. By choosing a home in Juhu, Nikhil Nanda is physically positioning himself near the Bachchan family base, reinforcing the strong ties between the two powerful dynasties. Moreover, the 'Maestro' project's location at the former B.R. House site subtly connects the Nanda family (with their roots in the Kapoor/Rajan Nanda filmmaking and business empires) to a new hub of cinematic heritage. This property is more than just a home; it represents the confluence of two of India's most celebrated legacies, ensuring its place as a talked-about piece of Mumbai's ultra-prime real estate history.

While the registered value is ₹28.39 crore for a total area of approximately 3,550 sq ft, the effective price per square foot (calculated on the carpet area plus terrace) places it firmly in the ultra-luxury segment of Juhu. This price point reflects not just the physical space but the "exclusivity premium" of the location. Factors contributing to this premium include the development's limited inventory, the prime sea-view and aerodrome-view location, the presence of the Bachchan and other celebrity families nearby, and the high-end amenities provided by a top-tier developer. The enduring appeal of Juhu, where supply is limited but demand from the elite remains constant, ensures that such luxury apartment sales continue to set new benchmarks.

Nikhil Nanda, Chairman of Escorts Kubota Limited and son-in-law of Amitabh Bachchan, has acquired an ultra-luxury apartment in Juhu, Mumbai, for a registered value of approximately ₹28.39 crore. The transaction, finalized on October 16, 2025, involved paying ₹1.70 crore in stamp duty. The apartment is located in K Raheja Corp's 'Maestro' project, built on the site of the iconic former B.R. House. The unit encompasses a 3,139 sq ft carpet area plus a 411 sq ft private terrace, totalling around 3,550 sq ft, and includes three parking spaces. This acquisition in Juhu, an area synonymous with the Bachchan family and Mumbai's elite, is a strategic move that reflects Nanda's growing presence in the city and contributes to the surge in Mumbai's luxury real estate market in 2025. The purchase underscores the enduring, high premium commanded by limited-edition properties in Mumbai's most exclusive coastal micro-markets.