Ashishkumar Manilal Chauhan, Managing Director and CEO of the National Stock Exchange (NSE), has purchased a 1,900 sq ft apartment in Lodha World Towers, Mumbai, for approximately ₹9.93 crore. According to documents accessed by Liases Foras Real Estate Research & Rating Pvt Ltd, the apartment is located on the 11th floor of the high-rise complex on Senapati Bapat Marg, Upper Worli, and comes with three car parking spaces. The property was officially registered on October 4, 2025, and was purchased from Lodha Developers Limited, formerly Macrotech Developers Limited.
The apartment spans a total area of 1,989.31 sq ft, reflecting Mumbai’s growing luxury residential market in prime micro-markets such as Worli. Neither Chauhan nor Lodha Developers offered comments on the transaction. The purchase aligns with Chauhan’s reported gross annual remuneration of ₹12.09 crore and net income of ₹6.78 crore for 2024–2025, as per NSE’s annual report.
This high-value acquisition follows recent trends in Mumbai’s real estate market, which experienced strong activity during the 2025 festive season. Data from Maharashtra’s Inspector General of Registration (IGR) office, analyzed by Knight Frank India, shows 10,630 property registrations during Navratri and Ganesh Chaturthi, a 23% increase over 8,604 registrations in the same period in 2024. Daily average registrations rose from 578 units in 2024 to 624 in 2025. This surge contributed to a 17% year-on-year increase in state revenue collections, which reached ₹587 crore over the festive period.
Separately, the Securities and Exchange Board of India (SEBI) recently leased a 5 BHK apartment in Prabhadevi, Mumbai, for its chairman, Tuhin Kanta Pandey, at a starting monthly rent of ₹7 lakh for a three-year lease. The property, located in Rustomjee Crown Tower, offers four parking spaces and a total lease of ₹2.65 crore. The agreement includes an annual escalation in rent, a 12-month lock-in period, and a security deposit of ₹42 lakh, highlighting the premium segment’s structured leasing arrangements.
In the broader context, Mumbai continues to see rising demand for luxury and high-end residential units, driven by urban professionals, executives, and investors seeking prime locations. The city’s luxury real estate segment is supported by strong infrastructural developments, including connectivity enhancements and redevelopments in key micro-markets.
Meanwhile, the upcoming inauguration of the Navi Mumbai International Airport (NMIA) on October 8, 2025, by Prime Minister Narendra Modi is expected to further stimulate residential and commercial activity in surrounding areas such as Taloja, Ulwe, Panvel, and Dronagiri. Industry analysts note that the regions around NMIA remain among the few pockets in the Mumbai Metropolitan Region where 2 BHK and 3 BHK apartments can still be purchased for under ₹1 crore.
The airport, a greenfield project nearly three decades in the making, is projected to ease congestion at Mumbai’s Chhatrapati Shivaji Maharaj International Airport while enhancing regional connectivity via the Mumbai Trans Harbour Link, coastal roads, and metro extensions. These infrastructural developments are likely to sustain demand in the residential segment while increasing long-term investment potential in the MMR region.
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