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Reliance Industries Limited (RIL) has purchased a luxury triplex apartment in Mumbai’s Bandra Kurla Complex (BKC) for INR 120 crore, marking one of the notable high-value residential transactions in the past week. The apartment, located in the Signature Island complex at Bandra East, spans over 16,000 sq ft across the 15th to 17th floors. The deal, registered in April, was executed through a joint acquisition from the developer, Sunteck Realty, and a private entity. The transaction reflects sustained demand for ultra-luxury residences in Mumbai’s prime business districts, where limited inventory and strong corporate interest continue to support high capital values.
Reliance Industries Limited (RIL) has acquired a luxury triplex apartment in Bandra Kurla Complex (BKC), Mumbai, for INR 120 crore, according to property registration documents reviewed in the past week. Advertisement
The apartment is located in the Signature Island residential development in Bandra East and spans approximately 16,228 sq ft. The unit is distributed across the 15th, 16th, and 17th floors of the tower, forming a triplex configuration within one of the city’s premium residential complexes situated in a key commercial district.
The transaction was registered in April and reflects a total consideration of INR 120 crore. The per sq ft price works out to approximately INR 74,401, based on the recorded deal value and carpet area. The acquisition was completed jointly from Sunteck Realty Limited, the project developer, and Joywin Realty Private Limited.
Signature Island is part of a high-end residential cluster developed on land leased from the Mumbai Metropolitan Region Development Authority (MMRDA). The project, comprising multiple towers including Signia Isles and Signia Pearl, has been positioned within the ultra-luxury housing segment since its launch. The development received its commencement certificate in May 2015, followed by an occupation certificate in November 2015.
The project has previously recorded several high-value transactions. In earlier years, actors Aishwarya Rai Bachchan and Sonam Kapoor had purchased apartments within the same complex. Market data also indicated that private banker Uday Kotak had booked an apartment measuring around 11,000 sq ft in 2015 at approximately INR 55,000 per sq ft. More recently, in early 2025, Kotak reportedly set a higher benchmark by transacting at around INR 2.75 lakh per sq ft in another premium Mumbai development.
The BKC micro-market has evolved into a key residential and commercial hub, driven by proximity to corporate offices, financial institutions, and infrastructure connectivity. Limited land availability and high entry barriers have contributed to sustained demand for premium residences in the area, particularly among corporate buyers and high-net-worth individuals.
The latest acquisition by RIL highlights continued interest from institutional and corporate buyers in Mumbai’s luxury housing segment, especially in established developments with clear titles and proximity to business districts.
The transaction also reflects ongoing activity in the city’s top-end residential market, where select projects continue to command significant capital values despite broader fluctuations in housing demand.
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