Rekha Jhunjhunwala Purchases High-End Apartment In Mumbai's Malabar Hill For...

Ace Investor Rekha Jhunjhunwala Adds Luxury Apartment in South Mumbai to Portfolio (Image Source: PTI)

Ace investor Rekha Jhunjhunwala has made a purchase, acquiring a luxury apartment situated on the prestigious Walkeshwar Road in south Mumbai’s Malabar Hill area, for a sum exceeding Rs 11.76 crore.

The apartment, boasting a carpet area of 1,666 square feet, is located on the third floor of the esteemed residential tower, Rockside Apartments. In addition to the apartment, Jhunjhunwala will enjoy exclusive access to a designated car parking slot within the nearly 50-year-old building.

As reported by The Economic Times quoting IndexTap.com, Jhunjhunwala has paid Rs 58.81 lakh as stamp duty for the registration of this transaction, which was finalized on March 15.

This acquisition follows a recent investment move by Rekha Jhunjhunwala-backed Kinnteisto LLP, which had acquired prime office space worth approximately Rs 740 crore in commercial towers within Mumbai’s bustling business districts of Bandra-Kurla and Andheri, as reported by ET in November.

The report added that Rekha Jhunjhunwala, known as one of India’s most prominent investors, is the wife of the late billionaire stockholder Rakesh Jhunjhunwala. Rakesh Jhunjhunwala, often liked to India’s Warren Buffett, garnered acclaim throughout his four-decade investing career in Mumbai.

Rekha Jhunjhunwala herself holds a formidable reputation in Indian stock markets and is regarded as one of the country’s leading investors and prominent business personalities.

According to the latest corporate shareholdings data, she holds positions in 25 publicly traded stocks, with a total net worth exceeding Rs 39,333.2 crore as of the end of December. This represents a notable increase from December 2022, where she held positions in 29 stocks with a net worth of over Rs 26,764.5 crore, as reported by Trendlyne.