Mumbai, India – In a significant move for the real estate market, GreatWhite Global, a leading manufacturer of electrical accessories, has acquired two luxury apartments in Mumbai for a staggering ₹225 crore. Each apartment spans 8,041 square feet, reflecting the company’s commitment to investing in prime urban properties.
The acquisition underscores the growing trend of corporate entities diversifying their portfolios beyond traditional business operations. Located in one of Mumbai’s upscale neighborhoods, the new residences are expected to serve as executive accommodations, catering to the company’s leadership team and visiting partners.
GreatWhite Global’s strategic purchase aligns with the broader real estate dynamics in Mumbai, where high-net-worth individuals and corporations are increasingly seeking high-end properties. The deal signals confidence in the luxury segment of the market, which has shown resilience even amid economic fluctuations.
“This investment not only enhances our corporate presence in Mumbai but also reinforces our commitment to providing top-tier facilities for our executives and partners,” stated a company spokesperson.
As GreatWhite Global continues to expand its operations in India and abroad, this strategic acquisition reflects the company’s growth trajectory and ambition within the competitive landscape of electrical manufacturing. The deal is expected to be completed in the coming weeks, with plans for interior renovations and upgrades to ensure the apartments meet the highest standards of luxury living.
