Heena Lalwani, promoter of Aatman Innovations Private Limited, has acquired a luxury apartment in Mumbai’s Juhu for ₹113.42 crore, according to property registration documents accessed via Zapkey.com. Aatman Innovations, primarily engaged in publishing, distribution, and marketing of books, has now entered Mumbai’s premium real estate market with this high-value purchase.
The apartment spans 9,862 square feet and is located on the 10th floor of Avalon Towers, a project developed by Lodha Developers. The purchase price was ₹1.15 lakh per square foot. The property includes five dedicated car parking spaces, providing convenience and exclusivity for its owner. The transaction was officially registered on August 18, 2025, with stamp duty of ₹6.80 crore and a registration fee of ₹30,000 paid as part of the process.
Lodha Developers’ Avalon Towers, situated in the western suburb of Juhu, is part of a project currently under construction by V Hotels Ltd, which was acquired by Lodha Developers last year. The MahaRERA-registered project is expected to reach completion by September 2028. The apartment’s acquisition aligns with the growing demand for high-end residential spaces in Juhu, a locality known for its prime real estate and proximity to Mumbai’s key commercial and cultural hubs.
The Juhu area has long been associated with luxury living and is home to several Bollywood celebrities. Among the notable residents in the area are Amitabh Bachchan, Varun Dhawan, Ajay Devgn, Shahid Kapoor, and Kartik Aaryan. This trend has contributed to rising property values in Juhu, attracting corporate promoters and high-net-worth individuals seeking prime residential assets in Mumbai.
This purchase follows other high-value transactions in the same building. In January 2025, Sahastraa Advisors Private Limited, a financial consulting firm, bought a luxury apartment in Avalon Towers for ₹106.52 crore. The concentration of expensive residential deals highlights Juhu’s status as a preferred address for elite buyers in Mumbai’s western suburbs.
The acquisition also reflects a broader trend of corporate promoters and investors entering premium real estate segments in Mumbai. Such high-value property investments are indicative of confidence in Mumbai’s luxury property market, which continues to see strong demand despite economic fluctuations.
The Juhu luxury real estate market remains active with several ongoing and upcoming projects by reputed developers. Properties in this area often come with extensive amenities and strategic locations, catering to the lifestyle and expectations of affluent buyers. The combination of high-quality construction, celebrity presence, and accessibility to Mumbai’s commercial centers makes Juhu a sought-after residential hub.
With the addition of this apartment to her portfolio, Heena Lalwani joins the ranks of Mumbai’s elite property owners, reflecting the ongoing appeal of prime real estate in Juhu and the sustained interest from high-net-worth individuals and corporate promoters.
Image source- lodhagroup.com
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