At a glance
Developer Type: Privately held, single-project, mixed-use waterfront developer.
Core Business: Marina operations, luxury residential (condominiums, villas), and commercial real estate.
Location: Ko Kaeo, Mueang Phuket District, on the east coast of Phuket, Thailand.
Scale: A low-density, high-end development. The marina has a stated capacity for up to 296 boats across wet berths, dry stacks, and hardstands. The residential component consists of multiple low-rise buildings, though the exact total number of units is inconsistently reported across secondary sources.
Ownership: Privately owned and developed by entrepreneur Gulu Lalvani. It is not a subsidiary of a larger group and is not listed on any stock exchange.
Heritage and ownership
The legal entity behind the development is Royal Phuket Marina (2002) Co., Ltd., registered in Thailand in 2002. Its registered business purpose covers marina operations and the development of related tourism and residential properties.
The project was conceived and developed by Gulu Lalvani, founder of the consumer electronics company Binatone. He is consistently identified as the principal owner and driving force behind the development. All available information indicates that Royal Phuket Marina is a standalone, privately held entity. It is not part of a larger Thai property group and is not listed on the Stock Exchange of Thailand (SET) or any other public exchange. As a private limited company, it does not publicly disclose financial reports or detailed shareholding structures.
The company's operational headquarters and the project site share the same address at 68 Moo 2, Thepkasattri Road, Kohkaew, Muang, Phuket.
Phuket portfolio
Royal Phuket Marina is associated with a single, integrated, mixed-use development in Phuket, rather than a portfolio of separate projects across the island. The entire development is branded under the "Royal Phuket Marina" name.
Project Name: Royal Phuket Marina
Location: Situated in Ko Kaeo on the east coast of Phuket, providing direct access to Phang Nga Bay. This location is distinct from the west coast resort zones like Bang Tao, Kamala, or Kata.
Property Types: The development is a comprehensive waterfront destination combining:
- Residential: Luxury low-rise condominiums and waterfront villas. Specific product lines mentioned include the "Aquaminium," which features unique amenities like a private on-water yacht garage for its penthouse, and the "Royal Villas," which offer direct-access private yacht berths.
- Marina: A full-service, multi-award-winning marina with facilities for over 200 vessels, including wet berths, covered dry stacks, and service hardstands.
- Commercial: A range of facilities including restaurants, retail shops, a health club, a spa, and an exhibition and events space.
Development Timeline: While development began earlier, multiple property portals cite December 2016 as the main construction completion date for the residential components.
Scale Discrepancies: It is important to note that secondary sources and property portals provide conflicting figures for the total number of residential units, with numbers ranging from 38 to 160 across varying numbers of buildings. The developer's own materials focus on the luxury features of its properties rather than publishing a masterplan with total unit counts.
What buyers should know
Based on a review of public records, mainstream media, and industry profiles, there is no documented evidence of significant legal disputes, criminal cases, or major regulatory enforcement actions against Royal Phuket Marina (2002) Co., Ltd. concerning its real estate or marina operations.
The developer has received positive recognition for its operational and environmental standards. It has been certified as a "carbon-neutral marina" by the Thailand Greenhouse Gas Management Organization (TGO) and has received industry accolades such as the 5 Gold Anchor award from The Yacht Harbour Association and International Clean Marina status from the Marina Industries Association.
As a privately held company, Royal Phuket Marina is not subject to the disclosure requirements of a publicly listed entity. Consequently, detailed financial information such as revenue, profitability, and assets is not publicly available.
The project is a single, completed, mixed-use development rather than a mass-market developer with an ongoing pipeline of new projects. Its focus is on a niche, high-end market combining a luxury lifestyle with yachting facilities.
Source notes: see citations below.