Encube Ethicals founder Mehul Shah buys ₹106.5 crore luxury apartment in Mumbai's Juhu
Mehul Madhusudan Shah, founder and managing director of Encube Ethicals, purchased a luxury apartment in Juhu, Mumbai, for ₹106.52 crore. This acquisition is notable as Encube Ethicals recently filed a Draft Red Herring Prospectus to raise ₹3,000 crore through an initial public offering. The apartment, located in Avalon Tower A, spans 916.29 sq m and includes five car parking spaces, reflecting the ongoing trend of high-value real estate transactions in Mumbai's luxury market.