Inside The Heritage Legacy Home In Mumbai That Was Just Sold For A Whopping Rs. 221 Crore In A Record Deal

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stunning sea-facing, heritage, 6BHK Art Deco bungalow, called Leela in Mumbai's Juhu has been sold to Notandas Realty, an arm of the Mahesh Notandass Jewellers Group, for a whopping ₹221 crore. This is now being deemed as a record deal. Listed as a Grade IIB heritage property, the bungalow is located on Juhu Tara Road near Mumbai's tourist hotspot Juhu Beach.Also Read: Inside Trisha Krishnan's Chennai Home Worth Rs. 10 Crores: Not Flashy, Just Beautifully Lived-InHere is everything you need to know about this beautiful property.

More About The Bungalow

The stunning property belonged to the Nanavati family, who are the promoters of Nanavati Hospital in Vile Parle, Mumbai. It was built in an Art Deco architectural style in the 1950s, with a built‑up area of approximately 8,480 sq ft. According to reports, the sea‑facing property was put up for sale at an asking price of Rs 250 crore. Since the bungalow has been listed as a Grade IIB heritage property, it denotes a structure of local architectural and historical importance.

Due to its heritage tag, the bungalow cannot be immediately demolished for the construction of a high-rise tower. However, reports suggest that the purchaser may use it for personal purposes. At a later stage, if at all the heritage status is revised, they may consider launching a residential project.Diving a bit into the history, the construction of this bungalow was completed in the 1950s. For now, it is a ground‑plus‑two‑storey luxury residence built on a 14,858‑sq‑ft plot. With a built‑up area of 8,480 sq ft, the bungalow features six bedrooms, a dining room, two living rooms, two verandahs, a sea‑facing garden, sea‑facing balconies, a staff room, four car‑parking spaces and a terrace measuring approximately 2,653 sq ft.

Multiple high‑net‑worth individuals (HNIs) and developers expressed interest in the property. However, the deal was finalised with Notandas Realty on April 22, 2026, and was facilitated by international property consultant JLL India.Also Read: Genelia D'Souza And Riteish Deshmukh Live In A Rs 30 Crore Sea Facing Villa In Worli; Inside Their Warm, Minimal Luxury Retreat

Owned by Gautam Nanavati, the bungalow was named after Leela Nanavati, who was the daughter of Sir Manilal Balabhai Nanavati, who served as Deputy Governor of the Reserve Bank of India between 1936 and 1941. It was conceived as a three-generation joint family residence as multiple family members living under one roof for decades. The ground floor of the bungalow features a sitting area, living room, two bedrooms, dining room and a kitchen with storage. The first floor has a sitting area, one living room, four bedrooms, four washrooms and two balconies. The second floor of the bungalow features a terrace spanning 2,653 sq ft - with a sea view.