Surat diamond baron Savji Dholakia buys Rs 185 crore Mumbai building

SURAT: Leading Surat diamantaire Savji Dholakia and his family have bought a Rs 185 crore residential property at Worli Sea Face in Mumbai, Maharashtra.
Dholakia’s Hare Krishna (HK) Exports bought the six-storeyed property, Panhar Bungalow, which was previously owned by Essar Group. The 20,000 sq ft property is registered in the name of Ghanshyam Dholakia, younger brother of Savji. The building has around 15 apartments.
“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 told TOI.
The Dholakia family is native of Dudhala in Amreli district. Hare Krishna Exports has an annual turnover of Rs 7,000 crore from diamond exports and jewellery manufacturing. Initially, they had set up a diamond polishing unit in the city before expanding its operations to Mumbai and the across the globe over the last 30 years.
“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,” added Dholakia.
Dholakia’s grabbed limelight for gifting cars and houses as Diwali bonus to his best-performing employees over the years. Dholakia has also developed water sports activities in his native village in Amreli.