Rakesh Jhunjhunwala house: Inside the business magnate’s sprawling Mumbai residence

Veteran stock market investor and businessman Rakesh Jhunjhwala passed away on August 14, 2022, at the age of 62. The business magnate was suffering from kidney ailments.

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For Indian billionaires like Rakesh Jhunjhwala, their property investments garner the most attention, and it’s a trend that is becoming more and more frequent in the country. For someone with an estimated net worth of $6.2 billion, Rakesh Jhunjhunwala had the means to create the house of his dreams that got everyone talking.

Rakesh Jhunjhunwala house construction underway

The 14-storey Rakesh Jhunjhunwala house is now under development on BG Kher Marg, Malabar Hills. Previously, there were 14 apartments at this location, which Rakesh and his wife Rekha Jhunjhunwala purchased for Rs 371 crore. These apartments are being demolished to make way for the construction of a new home. In a 2,700-square-foot area, a 57-metre high structure is about to rise.

Rakesh Jhunjhunwala house bidding

Ridgeway Apartments used to be located on this property. It contained 14 apartments as well as parking spaces. The property includes spacious apartments with high ceilings, good layouts, providing views of the Marine Drive.

Two private sector banks were once the owners of this apartment building. For Rs 176 crore, Rakesh and Rekha Jhunjhunwala purchased seven of these apartments from Standard Chartered Bank in 2013, and the remaining flats were purchased from HSBC in 2017 for a total of Rs. 195 crores.

According to Aakar Architects and Consultants, a company involved in the Rakesh Jhunjhunwala new house that Jhunjhunwala was diligent in understanding every cost incurred in the approval from the municipal, especially regarding premiums payable to the authority for an individual’s personal home.

See also: All about Amitabh Bachchan house and his real estate investments

Rakesh Jhunjhunwala new house Floor plan

The tower will be spread over an area of 70,000 square feet. A dining hall, a swimming pool, a gym, a private theatre, and living quarters for the family members are all planned for the new, soaring residence. It includes a large patio, a pizza counter, outdoor seats, and even a vegetable garden on the uppermost level, which seems to be built for celebrations

Top floors for the family

The master floor will be on the 12th level, as per the construction plan submitted to the BMC. When it comes to square footage, the bedroom that Jhunjhunwala and his wife will be staying in is larger than the usual two-bedroom house. The master bedroom occupies 731 square feet, which is 20% larger than the typical 2 BHK currently on the market. Jhunjhunwala’s bathroom will reportedly be the size of an ordinary 1BHK flat in Mumbai, while his living and dining rooms would be bigger than numerous 3BHK luxury residences in the country’s financial capital. Their children will be living on the 11th level.

The tenth floor of the billionaire’s Malabar Hill house will include guest bedrooms. The top of the building will have a well-designed terrace comprising a vegetable garden, conservatory area and an outdoor seating deck.

Living room and dining

While the family quarters are saved for the 12th and 13th levels, the 10th floor is a gathering place for the whole family. The Jhunjhunwalas would most likely spend most of their family time and eat their meals on this level, including a huge living room, a double-height extension balcony, a dining room, a puja room, and a fully equipped kitchen. There are additional four rooms on this level. The living and dining room is spacious than most 3 BHK apartments in luxury projects.

The office

Even though there have been no specifics provided about the plans for the 9th level, the layout hints that this might be the location of Jhunjhunwala’s corporate headquarters, there are three cabins, two bathrooms, a staff area, and a pantry on the first floor of the building.

Recreational Rooms

The 8th level is dedicated to leisure and rejuvenation, and it has a fitness centre, spa, and sauna rooms. It will be designed for amenities such as gymnasium and massage. While the pool will be located on the 7th storey, the absence of a ceiling on the 8th floor will provide an open-air sensation while also providing a fantastic view of the city skyline.

Additional rooms & parking

A special section of the fourth level will be reserved for visitors. There will be provision for a banquet hall for the family to host large gatherings. A long, L-shaped kitchen will be built into the room. There will be several mid-sized rooms, restrooms, and storage places on the first, second, and third levels. On the bottom level, there are plans to construct a 3 lobby, a foyer, and a football field. There is a service and parking area in the basement. For the family of five, seven parking spaces are being constructed.

Check out: 2 bhk flat in Mumbai

FAQs

Where is the house of Rakesh Jhunjhunwala?

Rakesh Jhunjhunwala’s new house is located on BG Kher Marg, Malabar Hills in Mumbai.

How much property does Rakesh Jhunjhunwala have?

Rakesh Jhunjhunwala’s net worth is $5.80 billion. The billionaire owned a sea-facing house in Mumbai’s Malabar Hills that he bought for Rs 176 crore in 2013, and a holiday home in Lonavala.

(Header image courtesy: Rakesh Jhunjhwala’s Instagram account)

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