Manappuram Finance’s MD, VP Nandakumar, makes a significant real estate investment by purchasing a luxurious ₹41.25 crore duplex apartment on Mumbai’s Carter Road.
In a move signaling a personal windfall or a strategic investment in Mumbai’s high-end real estate market, VP Nandakumar, the CEO and MD of Kerala-based Manappuram Finance, has acquired a sprawling duplex apartment in the city’s affluent Bandra West area. The property, a luxurious 4,500 square feet overlooking the famed Carter Road, was purchased for a substantial sum of ₹41.25 crore.
Located on one of Mumbai’s most prestigious streets known for its exclusivity and celebrity residents, the sea-facing duplex offers an unparalleled living experience. Notably, proptech company NoBroker facilitated the transaction, showcasing their growing influence in the luxury real estate segment.
While details remain undisclosed, the hefty price tag suggests this acquisition could be for personal use by Nandakumar’s family, establishing roots in Mumbai, or a long-term investment opportunity in the city’s ever-booming luxury market.
