Indian Billionaire Adar Poonawalla To Buy London’s Most Expensive House

Adar Poonawalla, the CEO of Serum Institute of India (SII), is all set to buy London’s most expensive house in Mayfair before the end of 2023. According to the latest media reports, Poonawalla has closed the deal to own the luxurious 25000-square-foot Aberconway House for 138 million pounds (approximately ₹1446 crore). 

Earlier, the property was owned by Dominika Kulczyk, the daughter of the late Polish businessman Jan Kulczyk. If the reports are to be believed, the Poonawalla family has “no plans” to move to the UK permanently as of now, but “the mansion will serve as a base for their company and family whenever they are in London”. Notably, Adar’s company partnered with Oxford University to manufacture COVID-19 vaccine in India. 

Author

  • srishti dhir

    Srishti Dhir is the Founder and CEO of Hub and Oak, a real estate and workspace solutions company with presence in India and the UK. She has a background in management from London Business School and has spent years working across the real estate industry. Srishti is an active real estate investor herself, with a focus on uncovering high potential assets particularly income generating properties and opportunities that aren't immediately obvious to most. The way she looks at a deal goes beyond just the price. She factors in market data, the regulatory side of things, and whether execution is actually feasible, so she can figure out where the real upside is, not just what something costs on paper.

    Through her work, she has developed a strong perspective on what drives real estate value in India, from infrastructure led growth and zoning changes to tenant demand patterns and capital flows. She is particularly interested in identifying asymmetric opportunities where downside risk is protected but upside potential remains significant. She also writes about real estate and what sets her writing apart is that it comes from someone who is actually in the market, doing deals. Real experience, broken down in a way that's useful for investors, developers and occupiers alike.

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