Gufic Private Limited Buys Mumbai Duplex for Rs 236 Crore

Pharmaceutical company Gufic Private Limited has purchased a luxury duplex apartment at Lodha Avalon on Juhu Tara Road in Mumbai for Rs 236.33 crore.

The 19,694 sq ft residence has a carpet area of 19,694 sq ft and includes 10 car parking spaces. Property registration documents accessed through Zapkey show that the transaction was registered on October 21, 2026.

Gufic Private Limited’s Rs 236.33 Crore Property Deal

The apartment’s transaction value works out to approximately Rs 1.2 lakh per sq ft, based on the registration documents.

The purchase represents a high-value residential property transaction involving a pharmaceutical company in Mumbai’s luxury housing market.

The buyer and seller could not be reached for a response, according to the report.

Sandeep Reddy, co-founder of Zapkey, said pharmaceutical leaders were purchasing marquee homes across Mumbai’s luxury property landscape. He noted that corporate promoters were acquiring large floor plates in premium seaside locations as generational assets.

Lodha Avalon on Juhu Tara Road

The duplex is located in Lodha Avalon, a residential project on Juhu Tara Road in Mumbai. The property’s reported carpet area and 10 parking spaces distinguish the transaction as a large-format luxury apartment purchase.

The project has featured in several other high-value property transactions.

Earlier in 2026, Mehul Madhusudan Shah, founder, promoter, chairman and managing director of Encube Ethicals, and Niti Mehul Shah purchased an apartment in Avalon Tower A for Rs 106.52 crore.

The transaction, involving a higher-floor apartment, was registered on July 31, 2026.

Other High-Value Transactions at Lodha Avalon

In 2025, directors of financial consulting firm Sahastraa Advisors Private Limited purchased a luxury apartment at Avalon Tower for Rs 106 crore.

The apartment on Juhu Tara Road was sold for more than Rs 1 lakh per sq ft, according to the reported registration details.

Another transaction in 2025 involved Heena Lalwani, promoter of Aatman Innovations Private Limited.

She purchased a 9,862 sq ft apartment in Avalon Tower, located on the 10th floor, for Rs 113.42 crore. The property was acquired at Rs 1.15 lakh per sq ft and included five car parking spaces.

Also Read: Mumbai Sea-Facing Homes Command a Luxury Price Premium

Pharmaceutical Buyers in Mumbai’s Luxury Housing Market

Data collated by Zapkey showed that India’s ultra-luxury housing market recorded 51 marquee residential transactions worth more than Rs 7,100 crore in 2025.

Of this, approximately Rs 1,530 crore worth of properties in Mumbai had direct links to buyers from the pharmaceutical sector.

The report describes pharmaceutical entrepreneurs and executives as an increasingly visible group in luxury home purchases.

It cites post-COVID wealth creation and the preference for real estate as a safe-haven and status asset as factors associated with the trend.

Also Read: Breach Candy 3 BHK Listed for Rs 7.25 Lakh Rent Sparks Debate

Key Takeaways

• Gufic Private Limited purchased a duplex at Lodha Avalon for Rs 236.33 crore.
• The apartment has a 19,694 sq ft carpet area and 10 parking spaces.
• The transaction was registered on October 21, 2026, at approximately Rs 1.2 lakh per sq ft.
• Zapkey data cited in the report showed Rs 1,530 crore in Mumbai luxury property transactions linked to pharmaceutical-sector buyers in 2025.

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