According to property registration papers that CRE Matrix was able to uncover, Reliance Industries Limited paid ₹85 crore for three residential flats at One Altamount Road in South Mumbai.
The business purchased three apartments totaling around 3,162 square feet of carpet space, comprising a main apartment of roughly 2,004.8 square feet and two smaller apartments of roughly 578.67 square feet apiece. The properties were sold by India Best Buy Private Limited.
According to official documents, Reliance Industries Limited paid stamp duty of around ₹5.10 crore when the agreement was registered on February 10, 2026.
Situated in the esteemed Altamount Road Cumballa Hill belt is One Altamount Road. It is one of the most upscale residential areas in Mumbai. It draws ultra high net worth buyers looking for top city addresses, business families, and industrialists.
Corporates, industrialists, and high net worth individuals are purchasing luxury houses in desirable areas, contributing to the constant increase in high value transactions in Mumbai’s luxury real estate market. The demand for exclusive addresses in South Mumbai is still strong despite rising costs.
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In a recent deal, Suzlon Energy executive vice chairman Girish Tanti’s wife, angel investor Radha Tanti, paid Rs 123.5 crore for a luxury property in Worli. In another deal, a Non Resident Indian (NRI) from the US paid ₹56 crore for two opulent flats with a view of the sea in Bandra West, Mumbai.
