MUMBAI: PEDDAR ROAD

Prem Court: A Jewel in Billionaires’ Row Nestled in the prestigious Peddar Road, Prem Court is a masterpiece of luxury and elegance, inaugurated by iconic Hollywood action hero Steven Seagal; flat featured in Bombay Times, News Times of India supplement. Designed by renowned architect Ritesh Haldar in collaboration with Ralph Associates, this exquisite 1st-floor flat, facing the road, offers an unparalleled living experience. Its slightly offset gate minimizes traffic noise, ensuring a serene ambiance. With elevator facilities, round-the-clock security, dedicated parking spaces, high-speed Wi-Fi, and a Netflix subscription, Prem Court gives convenience, safety, and modern entertainment. The solid mahogany main door, paired with a designer sliding door for cross-ventilation, sets the tone for opulent interiors crafted with premium mahogany wood for all fixed furniture and doors. Room-Wise Features: Living Room The spacious living room is a blend of sophistication and comfort, featuring full Italian marble flooring that sparkles under top-tier lighting, creating a magical ambiance. It is furnished with an Italian leather sofa paired with a stunning Hurtado center table from Spain. Adorning the walls is a captivating painting by Reema Kapoor Jain, daughter of legendary actor Raj Kapoor. The room includes a 4-chair round glass dining table, a full-length media unit, and a cozy theatre ledge balcony with a door opening to an immersive movie-watching experience under the stars, enhanced by high-speed Wi-Fi and Netflix access. Master Bedroom Retreat A sanctuary of luxury, the master bedroom boasts a breathtaking balcony overlooking the iconic Peddar Road. It is furnished with a grand king-size Italian bed, flanked by two sleek side tables with designer lamps. Expansive wall-to-wall wardrobes, a chic dressing table, and a full-length mirror integrated into a single cupboard provide ample storage. The room is enhanced with a plush, high-comfort mattress, exquisite wall paintings, and a split air conditioner. The attached bathroom features a luxurious bathtub and premium Italian Statuario marble flooring, exuding opulence. The master bathroom includes a modern washing machine for convenience. Second Bedroom The second bedroom exudes warmth with elegant wooden flooring, a queen-size bed, and a side table with a designer lamp. Equipped with a split air conditioner and a spacious cupboard, it offers comfort and functionality. An attached small bathroom ensures privacy and convenience, with high-speed Wi-Fi available for seamless connectivity. Kitchen Area The fully equipped kitchen is designed for modern living, featuring a refrigerator, microwave oven, cooking gas stove, and toaster. Spacious cupboards provide ample storage for kitchen appliances, while a small water tank ensures emergency water supply. A loft offers additional space for luggage storage, keeping the area clutter-free. Additional Features: • Modern Amenities: The flat includes a media unit with an inbuilt designer shoe rack, high-speed Wi-Fi, and a Netflix subscription for seamless organization and entertainment. The master bathroom is fitted with a luxurious bathtub and adorned with premium Italian marble flooring, exuding opulence, and includes a modern washing machine for convenience. • Timeless Design: Every detail, from the architectural finesse to the curated interiors, reflects the signature style of Ritesh Haldar and Ralph Associates, blending aesthetics with practicality. • Prime Location: Located on the prestigious Peddar Road, Prem Court offers unmatched connectivity and exclusivity with minimal traffic noise due to its strategic gate placement. Experience the perfect harmony of luxury, comfort, and prime location at Prem Court. This flat is not just a home—it’s a lifestyle.   Prem Court Building on Peddar Road, Mumbai: A Jewel in Billionaires’ Row Nestled in the heart of South Mumbai, the Prem Court Building on Peddar Road stands as a symbol of luxury and exclusivity in one of India’s most prestigious neighborhoods. Often referred to as Mumbai’s “Billionaires’ Row” due to its proximity to iconic residences like Antilia (owned by Mukesh Ambani) and Jindal Mansion (owned by Sajjan Jindal), Prem Court is a coveted address for the city’s elite. Its neighbors include the legendary singer Lata Mangeshkar’s residence in the adjacent Prabhu Kunj building, the historic Darbhanga House sharing its gate, and the residence of famed music directors Kalyanji-Anandji across the street. This article explores the significance of Prem Court, its prime location, and its place among the world’s most expensive property areas. Key Points About Prem Court Building and Its Context Location and Prestige of Peddar Road • Prime Address: Peddar Road, is an arterial road in South Mumbai’s affluent Cumballa Hill neighborhood, stretching from Kemp’s Corner to the Haji Ali intersection. • Billionaires’ Row: Peddar Road is often dubbed Mumbai’s “Billionaires’ Row” due to its concentration of ultra-luxury residences owned by India’s richest individuals, including Mukesh Ambani, Sajjan Jindal, and other industrialists and celebrities. Global Ranking: The area ranks among the world’s most expensive property markets, with real estate prices exceeding ₹1 lakh per square foot in some cases. For instance, apartments in nearby buildings like 33 South have been sold at ₹1.48 lakh per square foot. Its proximity to landmarks like the Mahalaxmi Temple and scenic views of the Arabian Sea further enhance its appeal. Prem Court Building: An Overview • Luxury Residential Property: Prem Court is a prestigious residential building known for its spacious, high-end apartments catering to Mumbai’s elite. Its architecture and amenities reflect the exclusivity of the neighborhood, offering residents privacy, security, and proximity to the city’s key areas. • Strategic Location: Situated on Peddar Road, Prem Court is surrounded by iconic residences, making it a focal point of wealth and influence. Its location next to Jindal Mansion and near Antilia places it at the heart of Mumbai’s most sought-after real estate. • Historical and Social Significance: The building’s proximity to residences of notable figures like Lata Mangeshkar and the Darbhanga royal family underscores its cultural and historical importance in Mumbai’s urban landscape. Proximity to Jindal Mansion • Sajjan Jindal’s Residence: Jindal Mansion, owned by steel magnate Sajjan Jindal, chairman of JSW Group, is located adjacent to Prem Court on Peddar Road. This luxurious property is one of Mumbai’s most expensive, reflecting Jindal’s status as one of India’s richest business tycoons. • Shared Prestige: The close proximity of Prem Court to Jindal Mansion elevates its status, as both properties contribute to the area’s reputation as a hub for India’s wealthiest individuals. Antilia: The Iconic Neighbor • Mukesh Ambani’s Residence: Antilia, located on nearby Altamount Road (intersecting with Peddar Road), is the world’s second-most expensive private residence, valued at approximately $2 billion (₹16,640 crore). This 27-storey, 400,000-square-foot skyscraper is home to Mukesh Ambani, chairman of Reliance Industries, and his family. Lata Mangeshkar’s Residence in Prabhu Kunj • Legendary Neighbor: The iconic playback singer Lata Mangeshkar, known as the “Nightingale of India,” resided in Prabhu Kunj, a building adjacent to Prem Court. This building, located at the start of Carmichael Road (near Peddar Road), was also home to her sister, Asha Bhosle, for many years before Asha relocated to Lower Parel.  Cultural Significance: Prabhu Kunj’s association with the Mangeshkar sisters, who have recorded thousands of songs for Bollywood and Indian music, makes it a cultural landmark. The building was sealed in 2020 due to COVID-19 cases, highlighting its prominence in the news. • Proximity to Prem Court: The close proximity of Prabhu Kunj to Prem Court adds to the area’s allure, blending industrial wealth with cultural legacy. Darbhanga House: A Royal Connection • Historical Significance: Darbhanga House, which shares a gate with Prem Court, is linked to the royal family of Darbhanga, a prominent princely state in Bihar. This residence reflects the historical presence of Indian royalty in Mumbai’s elite circles. • Architectural Charm: Known for its heritage architecture, Darbhanga House adds a touch of regal history to the modern luxury of Peddar Road. Its shared gate with Prem Court emphasizes the seamless blend of old-world royalty and contemporary wealth in the area. Kalyanji-Anandji House: Bollywood’s Musical Legacy • Opposite Prem Court: Across the street from Prem Court lies the residence of the renowned Bollywood music director duo Kalyanji-Anandji, known for composing iconic songs in films like Kati Patang and Don. Their presence adds to the cultural richness of the neighborhood. • Musical Heritage: The Kalyanji-Anandji house represents Bollywood’s golden era, complementing the artistic legacy of Lata Mangeshkar’s nearby residence and making Peddar Road a hub for both wealth and creativity. Peddar Road’s Real Estate Value Skyrocketing Prices: Peddar Road is among the world’s most expensive residential areas, with property prices often exceeding ₹10 crore for high-end flats, as noted in 2006. Recent transactions, such as Motilal Oswal’s purchase of duplex apartments in 33 South for ₹1.48 lakh per square foot, highlight the area’s premium real estate market. • Comparison to Global Markets: Peddar Road’s property prices rival those of global luxury markets like London’s Mayfair or New York’s Upper East Side, driven by its exclusivity, proximity to business districts, and scenic views of the Arabian Sea. • Investment Appeal: The presence of residences like Antilia, Jindal Mansion, and Prem Court makes Peddar Road a magnet for high-net-worth individuals, with properties often seen as status symbols and long-term investments. Cultural and Economic Significance • A Hub of Influence: Peddar Road’s combination of billionaire residences, royal heritage, and Bollywood legacy makes it a unique microcosm of India’s elite society. The area attracts industrialists, celebrities, and cultural icons, creating a vibrant community. • Security and Privacy: The neighborhood’s high-profile residents necessitate top-tier security, with buildings like Prem Court and Antilia employing extensive staff and advanced systems to ensure privacy and safety. Antilia, for instance, has a staff of 600. • Community Impact: The concentration of wealth in Peddar Road has sparked debates about inequality, with critics like Ratan Tata highlighting the need for billionaires to address social challenges. Challenges and Controversies • Traffic and Infrastructure: Peddar Road’s narrow layout and high traffic, exacerbated by its proximity to landmarks like the Haji Ali Dargah, pose challenges for residents. The construction of Mumbai’s first flyover at Kemp’s Corner aimed to alleviate congestion, but the area remains busy. • Healthcare Accessibility: Jaslok Hospital, one of Mumbai’s top multi-specialty hospitals, is just a short 3-minute walk from Prem Court. This close proximity to world-class medical care enhances the building’s appeal, especially for high-net-worth individuals seeking convenience, safety, and peace of mind. Conclusion The Prem Court Building on Peddar Road is more than just a residential property; it is a cornerstone of Mumbai’s Billionaires’ Row, surrounded by iconic residences like Antilia, Jindal Mansion, Prabhu Kunj, Darbhanga House, and the Kalyanji-Anandji house. Its prime location, coupled with its proximity to India’s wealthiest industrialists, cultural icons, and royal heritage, makes it a symbol of luxury and prestige. Peddar Road’s status as one of the world’s most expensive property areas is reinforced by the presence of these landmark homes, blending modern opulence with historical and cultural significance. However, the area’s wealth also sparks discussions about social responsibility and urban challenges, making it a fascinating study of Mumbai’s elite landscape.