Mumbai’s real estate market continues to witness an upward trend, with many wealthy industrialists and billionaires investing in properties in the commercial capital of India. Yohan Poonawalla and his wife, Michelle Poonawalla, are the latest addition to the list. They recently purchased a 30,000-square-foot mansion in the Cuffe Parade area of South Mumbai. They spent approximately Rs 400 – 750 crore on this standalone property, which they plan to turn into their secondary home. Scroll down to find out more about this real estate deal and the billionaire couple who made this substantial investment in South Mumbai.
Billionaire couple Michelle and Yohan Poonawalla acquire 30,000 square feet lavish mansion in South Mumbai valued between Rs 400 – 750 Crore
Michelle Poonawalla’s MYP Design Studio will lead the extensive property renovation. The new chapter is expected to seamlessly blend historic grandeur with contemporary luxury. Known for their opulent lifestyle, the Poonawallas new acquisition will feature a section for Michelle Poonawalla to showcase her art collection, including works by renowned artists and her paintings, while Yohan Poonawalla will display his world-renowned collection of rare and expensive automobiles.
All you need to know about Yohan Poonawalla
Born on January 15, 1972, Yohan Poonawalla is the chairman of Poonawalla Engineering Group and the director of the Poonawalla Stud Farms and Poonawalla Racing and Breeding. He is the son of Zavaray Poonawalla, the co-founder of the Serum Institute of India. The Poonawallas own one of the largest stud farms in Asia. Yohan Poonawalla is also a shareholder in Serum Institute of India.
Meanwhile, Yohan Poonawalla’s wife, Michelle Poonawalla, is a well-known socialite, artist, and philanthropist. Some of her prominent artworks include Monsoon Magic, Born Free and What if You Fly. One of her works, Introspection, was exhibited in Dubai and London.
An impressive collection of vintage and rare cars
Earlier this year, Yohan Poonawalla made headlines when he purchased Queen Elizabeth II‘s highly customised 2016 Range Rover SDV8 Autobiography LWB in a private deal for 224,850 pounds (approximately Rs 2.25 crore), bypassing the auction process on Bramley’s Auctioneers website, according to a Times of India report.
