In a standout luxury real-estate transaction in Mumbai, a standalone bungalow in Santacruz West has changed hands for ₹164 crore, underscoring strong demand for prime land in the city’s western suburbs.
The property — known as Dwarka Bungalow — is situated on Linking Road in Santacruz West, one of Mumbai’s most coveted residential micro-markets. The estate spans approximately 1,266.7 sq m (about 13,629 sq ft), and includes a ground-plus-one structure along with a garage and auxiliary sheds.
The buyer, ZYJ Estates LLP — a Mumbai-based luxury real-estate developer — acquired the property through its partner Zafar Yunus Zaveri, who is also linked with Yunus Jhaveri Architects and active in high-end residential development in the region. The deal was officially registered on November 17, 2025, according to property documents accessed by analytics firm Zapkey.
At a time when large, clear-title land parcels are increasingly scarce in Mumbai’s prime western suburbs, this transaction marks one of the largest standalone property acquisitions in 2025. It reflects ongoing developer interest in acquiring substantial plots for high-end residential redevelopment in zones such as Santacruz West, Bandra and Khar — areas long associated with luxury housing demand. (turn0search5)
Given the site’s size, location and high valuation, industry watchers expect that the bungalow site could be redeveloped into a premium housing project, consistent with broader patterns of vintage standalone homes being replaced with luxury residences and boutique apartment developments in Mumbai’s land-starved western belt. (turn0search5)
This ₹164-crore sale highlights the sustained appetite for luxury land acquisition in India’s most expensive real-estate market and adds another benchmark to high-value property transactions in the city.
Also Read: NCR Luxury Housing 2025: ₹2,900 Crore in New Launches in Panipat, Gurugram & Faridabad
