The iconic sea-facing, heritage 6BHK Art Deco bungalow owned by the Nanavati family has been sold to Notandas Realty. The property is located in Mumbai’s Juhu, named ‘Leela’. Read on to know more about the development.
Mumbai’s Iconic Bungalow ‘Leela’ Sold For ₹221 Crore
As per a report by Hindustan Times, the bungalow has been sold for ₹221 crore to Notandas Realty, a sister company of the Mahesh Notandass Jewellers Group. Listed as a Grade IIB heritage property, the bungalow is located on the prime Juhu Tara Road with a view of the iconic Juhu Beach. Built back in the 1950s, it is owned by the Nanavati family, who are the promoters of Nanavati Hospital in Vile Parle. Furthermore, the bungalow was sold through a bidding process.
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Inside Juhu’s Sea-Facing Bungalow
As per the reports, the bungalow stands on a 1,355 sq metre plot with a built-up area of around 8,480.68 sq ft and includes a terrace of 2,500 sq ft along with a garden of about 5,000 sq ft. Based on the area, the deal translates to roughly ₹260,592 per sq ft. Calculated on the total plot area of 14,585 sq ft, the price works out to about ₹1,51,525 per sq ft.
Additionally, the bungalow was built in an Art Deco style. It comprises a dining room, six bedrooms, a terrace, and sea-facing balconies. The bungalow includes two living rooms, two verandahs, a sea-facing garden, a staff room, four car parking spaces, and a terrace. The ground floor of the bungalow features one living area, one sitting room, two bedrooms, one dining room, and a kitchen with storage. The deal was finalised with Notandas Realty for ₹221 crore on April 22, 2026, as per the reports.
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The Leela bungalow was built as a joint family home, with almost three generations living under one roof. The place was named after Sir Manilal Balabhai Nanavati, who served as Deputy Governor of the RBI.
Well, the iconic heritage bungalow now belongs to Notandas Realty. Congratulations to the new owners!
Let us know your thoughts about this purchase in the comments.
Cover Image Courtesy: X/Mehul Thakkar
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Is Juhu an expensive area?
Juhu is an affluent area in Mumbai situated in the city's western suburbs.
Where do most billionaires live in Mumbai?
Most billionaires in Mumbai live in South Mumbai, particularly in areas like Malabar Hill, Altamount Road, and Breach Candy.
Which big actor lives in Juhu?
Actors like Akshay Kumar, Hrithik Roshan, and Anil Kapoor have luxurious villas in Juhu.