Actor-choreographer Prabhu Deva has offloaded two premium apartments in one of central Mumbai’s most coveted residential towers. According to documents accessed by CRE Matrix, the properties in Mahalaxmi were sold for a combined value of ₹14.8 crore. Registered on March 13, 2026, the transactions underscore sustained demand in Mumbai’s high-end residential market.
Deal Details, Pricing, and Property Overview
According to the documents accessed, both apartments are located in the A1 Wing of Minerva Tower, off N.M. Joshi Marg. Each unit was sold for ₹7.4 crore, indicating uniform pricing for similar configurations within the project. The per-square-foot rate is approximately ₹57,000. This indicates strong buyer appetite for premium residences in central Mumbai.
Minerva Tower, part of the Lokhandwala Minerva development in Mahalaxmi, is among the prominent luxury residential projects in the area. The development offers high-rise living with premium amenities and enjoys proximity to key commercial hubs, making it a preferred choice for affluent homebuyers seeking convenience and connectivity within Mumbai.
Each of the two apartments has a carpet area of 1,295 sq ft, bringing the combined transacted area to 2,590 sq ft. The identical pricing and adjacent configuration of the units suggest a standardized valuation approach within the tower, which often appeals to investors and end-users looking for consistency in premium developments.
Appreciation and Market Trends
The documents indicate that the apartments were originally part of an agreement executed in 2012 and have since appreciated significantly. This growth mirrors the broader trend of capital appreciation across South and Central Mumbai’s luxury housing markets, where limited supply and sustained demand continue to support property values.
Market Implications
This transaction highlights the resilience of Mumbai’s luxury residential segment. Consistent pricing, strong resale values, and demand for completed projects continue to define the market. Prime micro-markets like Mahalaxmi remain attractive to both investors and end-users, reinforcing their position as key real estate hotspots in the city.
Recent Transactions
Recent real estate transactions involving Bollywood celebrities in Mumbai highlight steady demand for luxury homes across prime locations like Bandra, Juhu, and Worli, reflecting continued investor confidence and lifestyle-driven purchases in the city’s premium housing segment.
In a recent transaction, Bollywood actor Preity Zinta sold an apartment in Mumbai’s upscale Pali Hill area of Bandra for ₹18.5 crore. In another transaction, Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore.
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