Free Press Journal

Mumbai Real Estate News: Reliance Industries Buys 3 Luxury Homes At One Altamount Road For 85 Crore

Mumbai, Feb 14: Reliance Industries Limited has purchased three residential units at the upscale One Altamount Road project in South Mumbai for a total consideration of Rs 85 crore, according to property registration documents accessed by CRE Matrix. The transaction involves units at One Altamount Road, with a combined carpet area of about 3,162 sq ft. The main unit measures around 2,004.8 sq ft, while the two additional units measure approximately 578.67 sq ft each. The seller is India Best Buy Private Limited. Deal registered in February 2026 The deal was registered on February 10, 2026, and Reliance Industries paid stamp duty of about Rs 5.10 crore for the transaction, the documents show. One Altamount Road is among Mumbais most premium residential addresses, located in the Altamount RoadCumballa Hill belt, known for luxury developments and ultra-high-net-worth homebuyers. Also Watch: Top Firms Lose Rs 2.51 Lakh Crore In Market Value, Reliance Industries Hit The Hardest Corporate interest in prime South Mumbai property The acquisition comes amid continued interest by large corporates and high-net-worth buyers in prime South Mumbai real estate, despite elevated property prices and transaction costs. To get details on exclusive and budget-friendly property deals in Mumbai & surrounding regions, do visit: https://budgetproperties.in/