This Adani Group subsidiary has purchased a 48,000 sq ft property in southern Mumbai for Rs 170 crore, which is…
Malabar Hill is one of the most expensive residential areas in Mumbai, even throughout India. According to local real estate agents, luxury apartments in Malabar Hill cost new buildings per square foot and above.
Mah-Hill Properties Private Limited, a subsidiary of the Adani Group led by billionaire Gautam Adani, has purchased over 48,000 square feet of land near Posh Malabar Hill in South Mumbai.
The deal is worth up to Rs 1.7 crore, according to property registration documents visited by property data analytics firm CRE Matrix.
Former owner Behram Nowrosji Gamadia sold the land to Adani’s company along with the 257 m2 structure.
One of the most expensive areas in the countryside
The total land area is 48,491 square feet and the transaction was officially registered on March 27, 2025.
Official records state that the property is an inheritance asset whose ownership can be traced back to the period before independence.
According to the registration documents, stamp duty of Rs 10.4 crore and registration fee of Rs 30,000 was paid to purchase the land.
Malabar Hill is one of the most expensive residential areas in Mumbai, even throughout India.
The Times of India quoted local real estate agents as luxury apartments in Malabar Hill at a speed of luxury apartments per square foot and above.
Adani’s growing real estate portfolio
With this move, the Adani Group continues to expand its property portfolio in wealthy locations in Mumbai. The group already owns a 76,000 m2 property in the premium Bandra Kurla Complex (BKC) and has a majority stake in Mumbai International Airport.
