Mumbai, 22nd September 2026: Mumbai’s luxury real estate market just witnessed one of its most extraordinary deals yet. Dinesh Thakkar, founder, chairman and managing director of Angel One, has agreed to acquire an entire G+7 residential tower at Embassy Developments’ Embassy Terrazza in Juhu for approximately ₹711 crore.
The tower spans 63,000 sq ft of RERA carpet area, translating to more than ₹1.1 lakh per sq ft, a new record for residential properties in Juhu. The transaction, described as India’s largest single residential unit deal, gives Thakkar ownership of the entire tower rather than an individual apartment.
Located on Juhu Tara Road, one of Mumbai’s most coveted residential addresses, Embassy Terrazza is an ultra-luxury, low-density development spread across more than two acres. The project comprises five towers with approximately 50 residences: one per floor, and has an estimated gross development value exceeding ₹3,000 crore.
For Thakkar, the purchase was driven by clear priorities: privacy, spaciousness, sea views, and a long-term family sanctuary. He has named the residence “Angelus,” positioning it as a bespoke family home rather than a status symbol.
The agreement was formalised through a Memorandum of Understanding signed last week between Thakkar and Embassy Developments, which is executing the project under a development management model. Completion is scheduled for December 2031.
The deal underscores continued demand for ultra-luxury homes in Mumbai’s established high-value residential markets, even as the broader real estate sector navigates economic headwinds. For Thakkar, who built Angel One from a traditional broking firm into one of India’s largest retail brokerage platforms, the purchase marks a significant personal real estate investment.
