Angel One Founder Dinesh Thakkar Buys Juhu Tower for 711 Cr

Angel One founder Dinesh Thakkar agrees to acquire an entire G+7 residential tower at Embassy Terazza in Mumbai’s Juhu for about ₹711 crore, covering 63,000 sq ft of RERA carpet area.

Dinesh Thakkar, founder, chairman and managing director of Angel One, agrees to acquire an entire luxury residential tower at Embassy Developments’ Embassy Terazza project in Mumbai’s Juhu for approximately ₹711 crore. The transaction is structured through a Memorandum of Understanding signed between Thakkar and Embassy Developments.

The property comprises an entire ground-plus-seven-storey tower with a RERA carpet area of approximately 63,000 square feet. At the reported transaction value, the deal translates into around ₹1.13 lakh per square foot of RERA carpet area. Embassy Developments describes the transaction as India’s largest single residential unit transaction.

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Unlike a conventional luxury home purchase involving an individual apartment, the transaction gives Thakkar ownership of the complete residential tower. The residence is located on Juhu Tara Road, one of Mumbai’s established premiums residential addresses, and is planned to offer privacy, spacious layouts and sea and city views.

Embassy Terazza is an ultra-luxury, low-density residential development spread across more than two acres. The project comprises approximately 50 residences across five towers, with one residence per floor. The development has an estimated gross development value of more than ₹3,000 crore.

The project incorporates landscaped gardens along with wellness and lifestyle amenities. Embassy Developments is executing the development under a development management model. The project is scheduled for completion by December 2031, according to reports.

Thakkar indicates that privacy, spaciousness and views are key considerations behind the acquisition. The residence is intended to serve as his long-term family home and is named “Angelus”. The purchase therefore represents both a large-scale luxury housing transaction and a move towards highly private, low-density residential ownership.

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The transaction comes as Mumbai continues to see high-value purchases in its ultra-luxury housing segment, particularly in established premium locations. Recent transactions involving large-format residences highlight the continued presence of substantial demand at the top end of the city’s residential market.

For Embassy Developments, the transaction adds a significant deal to its Mumbai residential portfolio and represents a notable portion of Embassy Terazza’s stated development value. The company continues to expand its ultra-luxury residential presence in Mumbai following its entry into the segment around 18 months ago.