KKR India CEO Gaurav Trehan Acquires Premium ₹88 Crore Sea-View Apartment in Mumbai’s Malabar Hill
Gaurav Trehan, the CEO of KKR India HAS recently acquired a luxurious sea-view apartment in Mumbai’s upscale Malabar Hill area for a staggering ₹88 crore. This acquisition, one of the most expensive property deals in India, was facilitated through JSW Realty. The luxurious property is located within the Morena House project and spans an impressive 5,381 square feet, which translates to a per square foot cost of approximately ₹1.63 lakh.
The property is situated on the sixth floor of Morena House, a residential tower located on Carmichael Road in South Mumbai, known for its panoramic views of the Arabian Sea. The apartment also includes an additional 434 square feet of deck space and four car parking slots. The transaction was registered on October 18, 2024, according to documents accessed through Zapkey, a real estate data platform. Trehan’s purchase places him among a select group of high-net-worth individuals investing in South Mumbai’s prestigious Malabar Hill, renowned for its exclusive residential offerings.
Malabar Hill has long held a reputation as one of India’s most expensive and sought-after residential areas, attracting business tycoons, celebrities, and top corporate executives. Recently, several high-value property transactions have taken place in this neighborhood. For example, Nadir Godrej, Chairman of Godrej Industries, acquired three luxury apartments in Ruparel House, Malabar Hill, for ₹180 crore earlier in 2024. Additionally, Macrotech Developers, known for its Lodha brand, sold two apartments in Lodha Malabar on Walkeshwar Road, another prime locality within Malabar Hill, for a combined value of ₹270 crore to Anil Gupta, chairman of Wellknown Polyesters Ltd.
The acquisition of properties in Malabar Hill by high-profile business figures highlights the increasing demand for premium real estate in India, despite fluctuating economic conditions. The area’s property rates are among the highest in the country, with per square foot prices frequently surpassing ₹1 lakh. Experts attribute the demand to the neighborhood’s cultural significance, iconic landmarks such as the Hanging Gardens, and exclusive amenities.
Trehan’s decision to invest in a luxury property aligns with KKR’s broader real estate investment strategy in India. As co-head of KKR Asia Pacific and head of Asia Pacific Private Equity, Trehan has overseen significant real estate investments by the firm across the country. Just last month, KKR India Asset Finance, the company’s real estate-focused investment unit, invested ₹1,000 crore across multiple projects, including ₹500 crore in a township project by Bhartiya City Developers in Bengaluru, ₹200 crore in Signature Global’s affordable housing project in Gurugram, and ₹300 crore in three projects by Chennai-based Prince Foundations.
Beyond its exclusive status, Malabar Hill has historically been home to influential business families, senior government officials, and high-ranking executives. The area’s infrastructure, combined with its scenic views and cultural heritage, has cemented its appeal for high-end property investments. The premium rates of these properties often extend to rentals, with apartments in Malabar Hill fetching over ₹25 lakh per month, signifying the area’s exclusivity.
Gaurav Trehan’s acquisition of a luxury apartment in Malabar Hill further highlights the ongoing demand for premium real estate in Mumbai’s exclusive neighborhoods.
Image source- jswrealty.in
