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The directors of Mumbai-based luxury developer Notandas Realty, Mahesh Jagwani and Harsh Jagwani, have acquired the heritage Villa Wilson bungalow in Juhu for INR 135 crore, marking the company's second high-profile bungalow purchase in the suburb this year. Spread across a plot of about 1,038.5 square metres with a future developable area of roughly 11,836.94 square metres, the property was previously owned by the Wilson family for more than five decades. The company plans to develop a luxury residential project on the site with a projected gross development value of INR 600 crore.
The directors of Mumbai-based luxury developer Notandas Realty have acquired Villa Wilson, a heritage Spanish-style bungalow in Juhu, for INR 135 crore, in what marks the company's second marquee property acquisition in the upscale suburb this year.
The property was purchased by father-son duo Mahesh Jagwani and Harsh Jagwani, both directors at Notandas Realty. Villa Wilson sits on a plot of approximately 1,038.5 square metres and carries a future developable area of around 11,836.94 square metres. Located close to actor Amitabh Bachchan's residence, Jalsa, the bungalow was designed by noted architect Nirmala Banaji and was owned by the Wilson family, associated with Wilson Pens, for more than five decades before the sale.
According to Notandas Realty, the bungalow had drawn interest from several developers and high-net-worth individuals before the transaction was concluded with the Jagwani family. The company said it plans to develop a luxury residential project on the site, with a projected gross development value of approximately INR 600 crore.
The acquisition follows Notandas Realty's earlier purchase of the sea-facing Leela Bungalow in Juhu for INR 221 crore, a deal finalised with the family of Gautam Nanavati, associated with Nanavati Max Super Speciality Hospital. That property, built on a 1,355 square metre plot with a built-up area of 8,480.68 square feet, was also acquired by the Jagwani family. Mahesh Jagwani additionally serves as a director at the family's jewellery business, Mahesh Notandass Jewellers, which was founded in 1983 and is headquartered on Turner Road in Bandra.
Commenting on the Villa Wilson acquisition, Harsh Jagwani, managing director of Notandas Realty, said one of the core foundations of the company lay in the legacy his family had built over the years, noting that its business had evolved alongside Mumbai's changing landscape since its early beginnings in the jewellery sector. He added that Villa Wilson held symbolic significance both for its proximity to high-net-worth and celebrity residences and as an iconic property tied to the Wilson family's legacy, which would now become part of Notandas Realty's own heritage. He said the company intended to partner with international architects to design a forward-looking structure that carried forward the cultural influences of the locality into a more modern form.
Notandas Realty develops luxury and ultra-luxury residential and commercial projects across Mumbai, with an established presence in Bandra, Khar, Santacruz and Juhu. The company launched two luxury residential projects in Juhu last year, Notan Tides and Notan DC, as part of its broader push into the city's high-end housing segment. Juhu remains among Mumbai's most expensive residential neighbourhoods, home to several celebrities and prominent business families, with landmark bungalows in the area continuing to draw strong interest from developers due to limited land availability and their redevelopment potential.
With two marquee bungalow acquisitions in Juhu within the same year, Notandas Realty appears to be positioning itself firmly at the top end of Mumbai's luxury housing market, betting on the enduring appeal of the suburb's legacy properties. The company's stated intent to bring in international architects for Villa Wilson suggests its upcoming project will lean on the site's heritage value as much as its redevelopment potential. Whether this signals a broader trend of developers targeting Juhu's remaining heritage bungalows will likely become clearer as more such transactions unfold in the coming months.
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