In one of Mumbai’s latest high-profile real estate transactions, Nikhil Nanda, chairman and managing director of Escorts Kubota Limited and son-in-law of Bollywood icon Amitabh Bachchan, has purchased a luxury apartment in Mumbai’s upscale Juhu neighbourhood for around ₹28 crore, according to property documents accessed by real estate analytics firm Liases Foras.
The transaction was executed by Nitasha Nanda, his sister, who acted as the Power of Attorney (PoA) holder for the deal. Nikhil Nanda, who is married to Shweta Bachchan Nanda, is also the son of Ritu Nanda and Rajan Nanda. His mother, Ritu Nanda, was the daughter of legendary actor and filmmaker Raj Kapoor, placing Nikhil Nanda at the intersection of two of India’s most illustrious families—the Bachchans and the Kapoors.
According to the registration documents, the Agreement for Sale was registered on October 16, 2025, for an apartment located in K Raheja Corp’s luxury project ‘Maestro’ in Juhu. The unit measures 3,139 sq ft with an additional 411 sq ft terrace, bringing the total area to approximately 3,550 sq ft. The apartment also includes three car parking spaces. The sale was registered at a value of ₹28.39 crore, with ₹1.70 crore paid in stamp duty. The seller, as per records, is K Raheja Corp Real Estate Pvt. Ltd.
The Maestro project by K Raheja Corp is one of Juhu’s most anticipated luxury developments, designed to blend heritage and exclusivity. The site, formerly home to the iconic B.R. House, holds immense cinematic legacy as it once belonged to the family of legendary filmmaker B.R. Chopra. In May 2022, Feat Properties Pvt Ltd, a subsidiary of K Raheja Corp Homes, acquired the bungalow for ₹182.75 crore. The 3,278 sq m (35,284 sq ft) property has since been redeveloped into limited-edition residences that reflect Juhu’s artistic and cultural lineage.
The Maestro residences, unveiled in 2023, are envisioned as ultra-luxury homes catering to an elite clientele that includes industrialists, CEOs, CXOs, media executives, and Bollywood personalities. The project, which is scheduled for completion by the end of 2026, offers about 1 lakh sq ft of premium saleable area. Each apartment is designed with expansive layouts and panoramic views — overlooking the 300-acre Juhu Aerodrome on one side and the Arabian Sea on the other.
According to K Raheja Corp, Maestro “celebrates the artistic heritage and legacy of B.R. Chopra, honouring the masters of Indian cinema.” The architecture and design draw inspiration from cinematic artistry, offering a seamless blend of nostalgia and contemporary sophistication.
As per CBRE South Asia Pvt. Ltd. and ASSOCHAM, joint report titled ‘The New Paradigm in Indian Housing’”, Mumbai’s luxury housing market is demonstrating strong momentum, emerging as the second-largest contributor to India’s high-end residential segment. During Jan-Jun 2025, Mumbai recorded sales of approximately 1,240 luxury units, accounting for ~18% of overall luxury sales across the top seven cities, with a notable year-on-year growth of ~29%. This growth highlights the city’s enduring appeal among HNWIs, UHNWIs, and NRIs seeking prime properties, particularly as a means to diversify and safeguard assets amid global economic uncertainties. The presence of established luxury hubs such as South Mumbai, Bandra, and Juhu continues to drive demand, supported by robust infrastructure, premium amenities, and proximity to business districts.
Mumbai also remains a key focus for developers, with the city witnessing a significant share of luxury unit launches in H1 2025. While Delhi-NCR led overall launches, Mumbai’s contribution reflects both market confidence and growth potential in high-end residential real estate. The combination of strong demand, limited supply in prime locations, and rising investor interest positions Mumbai as a high-potential market for luxury housing, offering sustainable opportunities for developers, investors, and homebuyers seeking premium living experiences.
The purchase also aligns with a broader trend of prominent industrialists and Bollywood families investing in Mumbai’s limited-edition, high-value real estate. Earlier this year, Amitabh Bachchan himself made headlines after acquiring three land parcels worth ₹6.6 crore in Alibaug from The House of Abhinandan Lodha, underscoring the family’s continued interest in premium property investments across Maharashtra’s coastal region.
Image- krahejacorphomes.com
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