Mr.RadhakishanDamani one of the key founders of DMart the superstore chain in India, is a business tycoon and is one of the richest people in India with huge knowledge of the stock market. The person who is the 5th richest Indian and is also on the world’s wealthy list finds it to be one of the entrepreneurs who gives importance to money and its mechanism. The person who has gained huge output from stocks before Mr.Harshad Mehta’s scam shook the nation. He is a visionary and an entrepreneur who has started small but scale heights with his hard work and enthusiasm to reach the pinnacle of success. The businessmen have with biggest residential portfolio in India.
He is the Founder of D Mart Chain
The recent development says that Mr. Radhakishan Damani and his close aides including family members and relatives have bought 23 luxury homes within the high-residential project in Mumbai. The founder of Dmart Chain has come up with the biggest residential project worth Rs 1200 Crore in Mumbai. It is known as Three-Sixty West with a location at Dr. Annie Besant Road, Worli. The apartment has a size of 5,000 sqft with a selling price of Rs 50-60 Crore. The same flats have a price of Rs 75-80 Crore. With a total number of towers two in the project one of them will get Ritz-Carlton Hotel and the other will get luxury residences that are managed by Ritz-Carlton.
Sri Radha Krishan Damani’s House in Mumbai is the Most Expensive
Sri Radha Krishan Damani House in Mumbai is considered a buy with one of the most expansive transactions in real estate history. The founder and CEO of Dmart purchased the house in 2021. The home has been known to be one of the topics of discussion in the Indian financial space since then. The house is located in Malabar Hill, Mumbai which is one of the posh locations in Mumbai property is said to be 100 years old. It has an area of 5752 square meters. Mrs Varsha Mehta previously owned this property with Mr.Saurabh Mehta.
The House With All Its Glories and a Huge Area
Mr. Damani’s house is huge and spectacular as a 2 storey bungalow. It is unknown whether it is to be renovated or retained in its original glory. Damani’s palatial and expensive property in Malabar Hill is as “Madhu Kunj” and is spread over an area of 1.5 acres. It offers a built-up area of more than 60,000 sq ft. The house has architectural elegance and is designed with modern aesthetics and timeless elegance. The residence has a contemporary architecture that adds with featuring clean lines. It adds expansive glass windows with a minimalist color palette. The residence has a fusion of design elements that adds a striking visual impact that offers the mansion a different hue from its neighboring villas. Its interiors are full of luxuries and has sprawling living spaces with exclusive décor. It has crystal chandeliers, marble floors, and intricate woodwork that adds to various rooms. It adds with huge ambiance of fine luxury and each of the rooms in it has with design that adds a fine taste.
Mr.Damani’s Early Days with Ventures into the Stock Market
Mr.Radha Krishan Damani’s early years were simple and fulfilling where he was born in a Marwari family. His full name was Radhakishan Shivkishan Damani and he resides in Mumbai City in a room apartment. He pursued commerce with Mumbai University but in an year dropped out from it. His father worked on Dalal Street the famous stock exchange of India is here. After his father’s demise, he becomes a stock market investor and broker.
Mr. Radhakishan Damani’s House Address
Mr. Radhakishan Damani’s house is located in the Malabar Hill area which is located at Narayan Dabholkar Road in South Mumbai. The area adds one of the most exclusive and posh areas in Mumbai. The apartments in the area cost between Rs 70,000 and Rs 80,000 or more per sqft although it depends upon the building. It is one of the VIP Neighbour hoods and the area connects with many elite bungalows with celebrities. It is an ideal choice with India’s billionaire club. It also adds with Mr. Radha Krishan Damani’s second address that he purchased it recently. He resides on opulent Altamount Road in South Mumbai.
Mr. Radha Krishan Damani’s House Price
Mr. Radha Krishan Damani and his brother Goikishan Damani have come up with one of the most expensive purchases within the Indian real estate sector in the recent past. The residence is priced at a staggering amount of Rs 1001 Crore. The residential property has with market value of Rs 724 Crore and is with a stamp duty in Mumbai with Rs 30.03 Crore. It has an area of 5752 sq m. Mr. Radhakishan Damani’s house with a price of Rs 1.6 Lakh rate per sq m. The property is bought from Purachand Roychand& Sons, Premchand Roychand & Sons, Paresh Chand Roychand& Sons. Mr. Radhakishan Damani has sealed the biggest deal in value and sqft in many years. The deal is done during the Covid era with the final date of stamp duty waiver.
Other Properties by Mr.Radha Krishan Damani
Mr.Damani has purchased aRs 250 Crore house in the Thane region. The property is with an area of 8 acres and the previous owner was Mondelez India. According to the real estate reports the property value will skyrocket as Mr. Damani’s name is connected with it. Mr. Damani has a property at Altamount Road in South Mumbai. His real estate portfolio which includes a 156-room Radisson Blue resort is at the beachfront near Alibaug outside Mumbai. It adds with Rs 135 Crores. Mr. Damani acquired an area near Sanjay Gandhi National Park of 8.8 acres. It is for Rs 500 Crores from CCI Projects.
Mr.Damani’s Life Assets and Source of Wealth
Mr.Radhakishan Damani’s house is huge and spectacular and his business interest is equally defining his lifestyle. He has made huge profits as a stock broker short-selling stocks that were profitable at that time. His journey took a twist when he operated with Apna Bazaar franchisee in 1999. However, he became dissatisfied with the business and he started his hypermarket chain D Mart, in 2000 with his first store in Powai. By 2010 Mumbai has 25 such stores and now there are more than 234 stores across the country. His net worth has reached 16.5 Billion Dollars and with his success skyrocketing in 2020 he has become the fourth richest Indian on global billionaires list as 3117.
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72nd Richest Man in World With High net Worth
His net worth as per Bloomberg Billionaires Index is Rs 1.75 Lakh Crore which is approximately 24 Billion Dollars. He is the 72nd richest man in the world. He is a Billionaire Investor Mr. Radhakishan Damani has made it to the elite club with the world’s richest people in 2021. His net worth increased by 4.41 Billion Dollars that year which makes him 07th richest individual in the world. He is the sixth Indian Billionaire who topped 100 Rich clubs.
Mr.Radhakishan Damani’s Lifestyle
Mr. R.K. Damani lives a simple and reclusive life although being a millionaire. He has with good reputation in the Indian industrial sector. He added with huge interest in stock trading before he got into retail chain stores. He has come u with huge profits from stock and with his entry into the retail industry in 2000 he becomes the retail king. His company Avenue Super mart comes up as the 18th most valuable company in India. He is known to acquire several more assets and real estate properties.
