Juhu’s Hidden Gem: Harshad Mehta’s Sea-Facing Property Up for Auction

The Return of a Legendary Property

In a stunning development, the sea-facing Juhu property once owned by Harshad Mehta—the man whose 1992 stock market scam shook India’s financial world—is headed for auction. This luxurious Mumbai home, overlooking the Arabian Sea, has become a symbol of wealth, controversy, and the city’s glittering yet turbulent real estate history.

A Glimpse into the Estate

Located in Juhu’s prime beachfront stretch, the property spans several thousand square feet and features panoramic sea views, vast open terraces, and colonial-style architecture. Once the residence of Mehta’s family, it now represents a rare piece of India’s financial folklore—blending opulence with a tale of ambition and downfall.

The Auction Timeline

According to reports, the Debt Recovery Tribunal (DRT) has scheduled the auction in the coming weeks to recover long-standing dues. The property’s market value is estimated to exceed ₹30 crore, with interest from both high-net-worth individuals and developers eager to redevelop the plot into a luxury residence or boutique project.

Significance and Symbolism

Beyond its market value, this auction revives memories of Mumbai’s financial evolution—from the Dalal Street boom of the 1990s to the city’s ongoing transformation into India’s luxury real estate hub. For collectors, owning the former residence of the “Big Bull” carries both prestige and curiosity.

Conclusion

As the auction approaches, anticipation builds around who will claim this iconic slice of Mumbai’s real estate history. Whether viewed as an investment or a cultural artifact, the Harshad Mehta Juhu mansion remains a tangible reminder of how ambition, risk, and luxury once intertwined in India’s financial saga.

Enjoyed this update? Visit PropTech Pulse for more real estate news and market insights.