HEG CEO Ravi Jhunjhunwala Buys Mumbai Juhu Sea-Facing Apartment For Over ₹113 Crore
Mumbai: HEG Ltd Chairman, Managing Director and CEO Ravi Jhunjhunwala has purchased a luxury sea-facing apartment in Mumbai's Juhu for over Rs 113 crore, as per property registration data sourced from Zapkey. The deal was registered on August 24, 2026. The buyers are listed as Ravi Kishorilal Jhunjhunwala and Sarita R Jhunjhunwala, while the seller is V Hotels Limited through its authorised…
Mumbai's HEG Ltd Chairman and CEO Ravi Jhunjhunwala recently acquired a luxury apartment overlooking the sea in Juhu for over ₹113 crore, according to property registration data from Zapkey. The acquisition was officially registered on August 24, 2026, with the buyers identified as Ravi Kishorilal Jhunjhunwala and Sarita R Jhunjhunwala, while V Hotels Limited, through authorized signatory Vaibhav Kolwalkar, served as the seller.
The apartment, situated on the 7th floor of Tower B, Lodha Avalon on Juhu Tara Road in Andheri West, boasts a spacious 916.29 sq. m. carpet area, equivalent to approximately 9,863 sq. ft. This translates to a per-square-foot rate of around ₹1,15,000. The purchase encompasses five car parking spaces, and the transaction involved a stamp duty of ₹6.80 crore and a registration fee of ₹30,000, resulting in a total deal value of ₹113.42 crore.
As the leader of HEG Ltd, a major graphite electrode manufacturer and flagship company of the LNJ Bhilwara Group, Jhunjhunwala's acquisition comes ahead of a significant corporate restructuring at the company, which involves demerging its graphite electrode business into a separate entity effective September 1, 2026, while shifting focus to advanced materials and energy storage solutions.
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