Nippon Life India Asset Management has acquired two premium floors in Mumbai's One Lodha Place, Lower Parel, for ₹486 crore, marking a landmark deal in the city’s prime real estate market.

Luxury skyscrapers in South Mumbai impose financial challenges on occupants. Luxury living in south Mumbai is exemplified by Tardeo's 60-story Imperial Heights, with 220 apartments of various sizes. Maintaining and paying property tax might cost residents Rs 70,000 to Rs 2 lakh per month.