Overview

• Uday Kotak and his family now own 22 of 24 apartments in the 19 Shiv Sagar building after investing ₹426.21 crore, with recent acquisitions totaling over ₹224 crore.
• One transaction in the latest purchases set a national record, with a price of ₹2.89 lakh per square foot, the highest ever in Indian real estate.
• The family acquired 10 additional sea-facing apartments between March and April 2025, following their January purchase of 12 apartments for ₹202 crore.
• The strategic consolidation of the Shiv Sagar property complements their 2018 purchase of the adjacent Champagne House bungalow for ₹385 crore.
• Experts note that such full-building acquisitions are rare in Mumbai, reflecting a trend among ultra-high-net-worth individuals prioritizing privacy, sea views, and long-term investment.