# Angel One founder buys entire luxury tower for Rs 711 crore

> Dinesh Thakkar's purchase of a complete Mumbai residential tower sets a new record and signals booming demand for ultra-luxury homes.
- Title: Angel One founder buys entire luxury tower for Rs 711 crore
- Summary: Dinesh Thakkar's purchase of a complete Mumbai residential tower sets a new record and signals booming demand for ultra-luxury homes. Ultra-luxury…
- Keywords: dinesh thakkar, angel one, embassy developments, juhu, mumbai, luxury real estate, residential tower, ultra-luxury housing, real estate transaction, high-net-worth individuals, Angel, One
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/services/property-/-cstruction/angel-ones-founder-dinesh-thakkar-strikes-rs-711-cr-juhu-luxury-tower-deal/articleshow/134396318.cms
- Author: Kailash Babar
- Published: 2026-09-21T18:23:00+00:00
- Read time: 1 min
- Topics: dinesh thakkar, angel one, embassy developments, juhu, mumbai, luxury real estate, residential tower, ultra-luxury housing, real estate transaction, high-net-worth individuals
## Founder buys entire luxury tower
Dinesh Thakkar, founder of Angel One, has agreed to buy Embassy Terazza, a complete seven-storey residential tower in Mumbai's Juhu for over Rs 711 crore. The deal covers 63,000 square feet and sets a new record at Rs 1.13 lakh per square foot.

> This is among the largest single residential transactions anywhere in the country and the biggest this year
## Record price per square foot
At Rs 1.13 lakh per square foot, the transaction sets a new benchmark for Juhu residential properties. The price reflects scarcity of large-format homes in established premium neighbourhoods.
## Larger project worth Rs 3,000 crore
Embassy Terazza is one of five towers in a development spread across 2 acres with 50 residences total. The entire project has an estimated value of over Rs 3,000 crore and is scheduled for completion by December 2031.
## Juhu's appeal to ultra-wealthy buyers
Juhu has become a top ultra-luxury market because it offers large-format residences with privacy, proximity to the airport and commercial districts, and established social infrastructure. Demand from high-net-worth individuals remains strong.

> Juhu has emerged as one of Mumbai's prominent ultra-luxury residential markets, with demand concentrated around large-format residences offering privacy, larger floor plates and premium amenities
## Shift toward entire towers
Thakkar's purchase of a complete tower differs from typical luxury deals where buyers acquire individual apartments. Entire-tower acquisitions are becoming an important segment as wealthy buyers seek maximum control and exclusivity.

> The acquisition of an entire tower further differentiates the transaction from conventional luxury apartment purchases
## Resilient ultra-luxury market
Mumbai's ultra-luxury segment remains strong despite economic headwinds, with high-value transactions rising as business promoters and executives seek larger homes. Limited inventory in premium areas like Juhu, Bandra and Worli supports continued price growth.

> Demand for luxury and ultra-luxury housing in Mumbai has remained resilient, with high-net-worth individuals and business promoters continuing to seek large-format residences
## Key takeaway

Ultra-luxury residential deals in Mumbai are hitting record prices as wealthy buyers seek entire towers for privacy and exclusivity rather than single apartments.