Mumbai Real Estate Update: Angel One Founder Dinesh Thakkar Buys Entire Juhu Residential Tower For ₹711 Crore
Mumbai, September 22, 2026: Embassy Developments Limited has signed a Memorandum of Understanding (MoU) with Dinesh Thakkar, founder, chairman and managing director of Angel One Limited, for the sale of an entire residential tower at its ultra-luxury Embassy Terazza project in Juhu for approximately Rs 711 crore. The market rate in Juhu ranges from Rs 70,000 per sq ft to Rs 1.3 lakh per sq ft…
Mumbai, September 22, 2026: Property tycoon Dinesh Thakkar, founder and CEO of Angel One Limited, has purchased the entirety of a Juhu residential tower from Embassy Developments Limited for Rs 711 crore. The transaction marks India's largest single residential unit deal. The tower, located on Juhu Tara Road, comprises a seven-story building with a RERA carpet area of 63,000 sq ft.
Embassy Terazza, the project housing the tower, is a sprawling 2-acre complex with approximately 50 residences across five towers. It boasts luxurious features such as sea and city views, landscaped gardens, and premium amenities. Jitendra Virwani, Chairman of Embassy Developments, expressed pride in the acquisition, stating that the deal validates their commitment to delivering homes that resonate with Mumbai's discerning buyers.
Thakkar, on the other hand, unveiled the name of his new residence, Angelus, emphasizing the trust and value placed in the Embassy Group's development. The acquisition underscores Embassy Developments' growing footprint in Mumbai's real estate market, which also includes several other high-end projects such as Embassy Citadel, Embassy Serenity, Embassy Park, and Embassy One.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.