HEG CEO Ravi Jhunjhunwala Buys ₹113 Crore Juhu Apartment

Ravi Jhunjhunwala, Chairman, Managing Director and CEO of HEG Ltd, has purchased a luxury sea-facing apartment in Mumbai's Juhu for over ₹113 crore. The deal was registered on August 24, 2026, with the buyers listed as Ravi Kishorilal Jhunjhunwala and Sarita R Jhunjhunwala, and the seller as V Hotels Limited.

The apartment is located on the 7th floor of Tower B, Lodha Avalon, on Juhu Tara Road in Andheri West. It has a carpet area of 916.29 sq. m., or approximately 9,863 sq. ft., with a rate of around ₹1,15,000 per sq. ft. The transaction includes five car parking spaces.

A stamp duty of ₹6.80 crore and a registration fee of ₹30,000 was paid for the deal, which is valued at ₹113.42 crore. This purchase comes just ahead of a corporate restructuring at HEG, where the company will demerge its graphite electrode business into a separate entity effective September 1, 2026.

Ravi Jhunjhunwala leads HEG Ltd, the flagship company of the LNJ Bhilwara Group and one of India's largest graphite electrode manufacturers. The company's decision to demerge its graphite electrode business is expected to have a significant impact on its operations.

The luxury apartment market in Mumbai has seen a surge in demand in recent times, with many high-end properties being sold for record-breaking prices. The purchase of this apartment by Ravi Jhunjhunwala is a testament to the growing demand for luxury properties in the city.

The deal was facilitated by the seller, V Hotels Limited, through its authorised signatory Vaibhav Kolwalkar. The registration documents reveal that the apartment is a prized possession, with its sea-facing location and luxurious amenities.

The purchase of this apartment is a significant investment for Ravi Jhunjhunwala, and it reflects his confidence in the luxury property market in Mumbai. The city's real estate market has been growing steadily, with many new developments and infrastructure projects being launched.

In conclusion, the purchase of the ₹113 crore Juhu apartment by Ravi Jhunjhunwala is a significant transaction that highlights the growing demand for luxury properties in Mumbai. The deal is expected to have a positive impact on the city's real estate market, and it reflects the confidence of investors in the luxury property segment.

The corporate restructuring at HEG Ltd is also expected to have a significant impact on the company's operations, and it will be interesting to see how the demerger of its graphite electrode business affects its performance. Overall, the purchase of this apartment is a significant development that reflects the growing demand for luxury properties in Mumbai and the confidence of investors in the city's real estate market.