Dinesh Thakkar Buys Juhu Luxury Tower for ₹711 Crore

Angel One founder, Chairman and Managing Director Dinesh Thakkar has entered into an agreement with Embassy Developments to acquire an entire luxury residential tower at Embassy Terazza in Juhu, Mumbai, for approximately ₹711 crore. The deal covers a ground-plus-seven-storey tower with a RERA carpet area of around 63,000 square feet. Embassy Developments has described the transaction as India’s largest single residential unit transaction.

Entire Residential Tower Acquired in Juhu

The high-value transaction involves the complete tower rather than a single apartment. The property is part of Embassy Terazza, an ultra-luxury residential development located on Juhu Tara Road.

The project covers more than two acres and has around 50 residences. It has an estimated gross development value of more than ₹3,000 crore. Embassy Developments is developing the project under a development management model.

Embassy Terazza is planned as a low-density development, with one residence on each floor across its five towers. The project is designed to offer sea and city views, landscaped gardens, spacious layouts and wellness and lifestyle amenities.

Dinesh Thakkar Names His New Home 'Angelus'

Thakkar has named the residence Angelus. He said the home was planned around privacy, space, sea views and a comfortable environment for his family.

According to Thakkar, the location and design of Embassy Terazza matched his vision for a large family home. He also highlighted the importance of trust in the developer when creating a residence of this scale.

Embassy Developments Chairman Jitendra Virwani said the transaction reflects the company's growing presence in Mumbai's luxury residential market. He said the acquisition represents confidence in the company's vision for Embassy Terazza.

Juhu Remains a Key Luxury Real Estate Market

The ₹711 crore transaction highlights the scale of premium property deals taking place in some of Mumbai's most sought-after neighborhoods.

Juhu continues to attract high-value residential projects because of its location, established residential environment and access to the city's business and entertainment hubs. Business Standard reported that the average property price in Juhu was around ₹63,550 per square foot as of August 2026, according to 99acres, although prices can vary significantly based on the project, location and views.

Embassy Developments Expands Its Mumbai Presence

Embassy Terazza is part of Embassy Developments' growing residential portfolio across the Mumbai Metropolitan Region. Its other projects in the region include Embassy Citadel in Worli, Embassy Serenity in Alibaug, Embassy Park in Panvel and Embassy One in Thane.

The company has been expanding its presence in Mumbai's luxury housing market, with Embassy Terazza positioned as one of its premium developments.

Luxury Housing Demand Continues to Grow

The Thakkar-Embassy transaction comes as Mumbai's luxury housing market continues to see large-ticket purchases. The scale of the deal also reflects the demand for large, customized residences in prime areas where land and luxury inventory are limited.

With a 63,000-square-foot RERA carpet area and an entire residential tower included in the transaction, the Embassy Terazza deal stands out among recent high-value residential purchases in Mumbai.