Mumbai-based luxury real estate developer ZYJ Estates LLP, has acquired a property named Dwarka Bungalow in Santacruz, Mumbai, for ₹164 crore through partner Zafar Yunus Zaveri, as per the property documents accessed by data analytics firm Zapkey. This standalone land purchase in the region highlights the growing demand for high-value land in the western suburbs. This property deal has set a mark for the premium property transactions in Mumbai.

• Dwarka Bungalow, spanning across 1,266.7 sq m (13,629 sq ft), is located on Linking Road in Santacruz West. The property features a ground-plus-one structure, a garage and auxiliary sheds.
• According to the property documents, this deal was registered on November 17, 2025 and the company paid a stamp duty of ₹9.8 crore.
• Sandeep Reddy, the co-partner of Zapkey, said that the market watchers are expecting this redevelopment project to be a premium residential development, considering its parcel size, location as well as the other ongoing luxury developments of ZYJ.

1. According to Zapkey, the Mumbai-based Kapadia family sold its bungalow named 'Laxmi Niwas' which is located on Nepean Sea Road for ₹276 crore to Vageshvari Properties Private Limited in March 2025.

2. Another deal took place on Worli Sea Face by Uday Kotak and his family members when they purchased 12 sea-facing apartments in a residential complex named Shiv Sagar Building for ₹202 crore, as per the property documents.

3. Rekha Jhunjhunwala, widow of the late billionaire stock investor Rakesh Jhunjhunwala, purchased nearly all the units in a south Mumbai residential building in 2024.

4. In 2023, D'Mart founder Radhakrishna Damani's family members and associates made a purchase of 28 housing units in Worli, Mumbai, worth ₹1,238 crore. This deal is considered as one of the biggest property deals in the country.

5. JP Taparia family, the promoters of contraceptive maker Famy Care Ltd, had bought six apartments with a net area of 27,160.6 sq ft in Lodha Malabar's south Mumbai project named Malabar Hill for ₹369.55 crore.

Due to the acquisition of Dwarka Bungalow by ZYJ Estates LLP, Mumbai's luxury real estate market is thriving, making it one of the high-value residential deals of the city. This ₹164 crore sale in Santacruz West continues to attract the developer interest toward prime standalone properties, underscoring the strength of Mumbai's luxury land market. The high-value transaction reflects broader trends in the city's real estate landscape, where scarce large parcels in key neighbourhoods are increasingly being acquired for upscale redevelopment.