Renowned diamond merchant and owner of Hare Krishna (HK) Exports from Surat, Savji Dholakia recently completed the purchase of a residential bungalow at Mumbai’s Worli Sea Face valued at ₹185 crores. Known as the Panhar Bungalow, this property was owned by the Essar Group prior to the acquisition by the Dholakia family.
Spanning 20,000 square feet and 15 apartments, this property is registered under Ghanshyam Dholakia, the younger sibling of Savji.
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“We were looking for some property to accommodate our staff and family members. We bought it from Essar and it is at a location from where our workplace and offices can be conveniently reached,” Dholakia said while speaking to TOI.
“Our manufacturing unit is located in Santacruz Electronic Export Processing Zone (SEEPZ) SEZ and office at Bandra Kurla Complex. We already have a couple of residential properties in Mumbai. But this property will accommodate more employees and family members,” Dholakia further said.
Dholakia was in the news previously for gifting cars and homes as Diwali bonuses to some of the best-performing employees. Hare Krishna Exports has an annual turnover of ₹7,000 crores from jewellery manufacturing and diamond exports. The family is native to Dudhala in Gujarat’s Amreli district.
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