Harshad Mehta’s House: Explore the Big Bull’s Luxurious Lifestyle

From a simple Indian stockbroker to a millionaire, the late Harshad Mehta was a well-known name in the stock world who took the market to bewildering heights. Called “The Big Bull” or “The Amitabh Bachchan” of the Stock Market, this legend became a celebrity stockbroker and lived an extra-luxurious life in Mumbai. 

Today, we’ll talk about the thrilling journey of the Big Bull of India and take you on a beautiful ride to Harshad Mehta’s House, his other possessions and the lavish lifestyle he was famed for.

Harshad Mehta and His Fascinating Life Journey

Harshad Mehta or Harshad Shantilal Mehta was a simple man born in Rajkot in Gujarat, India, on 29 July 1954. This late money market broker and the stock market player started his journey with humble beginnings. After completing his education, he moved to Mumbai and joined his first real job as a salesperson in NIACL (New India Assurance Limited) in Mumbai after trying several sales jobs.

He learned a lot about the stock market there and then quit the job to join a brokerage firm in the 1980s. He met his guru, broker Prasann Pranjivandas there. After working for many brokerage firms for almost 10 years, he reached a notable position.

It was in the 1990s when he got the title of “Big Bull” of Dalal Street and “Amitabh Bachchan” of the Indian stock market. He earned the tag because of his extravagant lifestyle after becoming a celebrity-status stockbroker.

Harshad’s ability to take huge risks without giving a second thought helped him become wealthy. He was never scared of the losses and did not let them become a hurdle in his way.

Harshad Mehta’s House in Mumbai: An Epitome of Supreme Luxury

If you have been curious to know about Harshad Mehta’s luxury home, let us tell you that he owned 8 inter-connected apartments in Madhuli Society in the posh neighbourhood of Worli. The apartments are sea-facing and spread over two floors with opulent settings.

Sprawling across more than 12,500 square feet, it was the most prized possession of Mehta that also comprised a mini theatre, a swimming pool, a billiards room and a mini-golf course. These ultra-luxurious amenities were never heard of in India and were the essence of his swanky property.

Mehta, in actuality, bought nine houses in Madhuli that were combined and redesigned to accommodate all the members of his family. However, one of the flats (flat number 31) of Madhuli Apartments belonged to Harshad Mehta’s mother, Rasila S Mehta. Mehta’s family consists of his mother, four brothers, their wives and children who used to reside in the nine apartments. He had also lent his property to the media for photography.

Harshad Mehta’s house in Worli was sold for a whopping amount of Rs.32.6 crore.

Harshad Mehta’s Other Properties in Mumbai

Besides his Worli house, he owned two more properties (No. 202 and No. 301) in Vandana Cooperative Housing Society (CHS), located on Janki Kutir Road in Juhu. Each property covers an area of 1,150 square feet. Due to the properties’ sea-facing location, their selling price stood at Rs. 7-8 crores.

Harshad Mehta’s Net Worth and Swanky Car Collection 

According to reports posted by several media sources, the net worth of Harshad Mehta is estimated to be over $480 million or Rs. 3,566 crores. This Indian stockbroker was known for his expensive tastes, and spotting some cool cars in his collection wasn’t too much of a surprise. Mehta already had nearly 20 cars in his garage in the early 1990s. The swanky car collection of Harshad Mehta includes:

Lexus LS400 worth Rs. 40-45 Lakh

This was the first and the most popular car of Harshan Mehta. Apart from stockbroking, he was quite keen on vehicles. He was the only one in the country to own this car during the 1990s when people couldn’t even dream of buying it.

Hindustan Motors Contessa worth Rs. 5.09 Lakh

Hindustan Motors Contessa was the next car in his garage, which is the epitome of luxury comfort, elemental stance and brute force.

Fiat Padmini worth Rs. 2 Lakh

Fiat Padmini was one of his favourite family cars ever launched. It is a powerful rear-wheel-drive equipped with 1.1-litre four-cylinder petrol engine and paired to a four-speed manual transmission.

Hindustan Ambassador worth Rs. 21 Lakh

Hindustan Ambassador is also one of the most popular cars in India. It comes with a 1.5-litre carburettor petrol engine and a four-speed manual transmission.

Honda Accord

Apart from many Indian cars, he owned this international branded car as well. It is equipped with a 2.2 litre inline 4 cylinder engine and was quite expensive at that time since there was no plant in India, and Harshad Mehta imported it.

Mercedes Benz W126

Mercedes Benz W126 was a hot choice among business oligarchs, celebrities, and world leaders during those days. It was one of the most popular luxury cars for its technology, innovation, mechanical excellence and safety.

Interesting Tidbits About Harshad Mehta 

Here are some interesting facts you need to know about Harshad Mehta: 

• Mehta was keen on being active in the media.
• Harshad Mehta liked to be popular among common people.
• He did not have any experience in the stock market.
• Mehta was surrounded by several enemies because of his extraordinary lifestyle.
• The Indian stockbroker used to deal in a close network.
• He kept all his money in India.

Wrapping Up

Harshad Mehta, the renowned stockbroker in the country, gave us real, important lessons we must learn. From a simple man to an Indian celebrity, his incredible life journey gives us a message that life is meant to be taking risks and never being scared of them. We might see a lot of failure in the beginning, but confidence is key to success. We just need to be careful, learn from our failures, and always be prepared for risk management.

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