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Prabhu Deva Sells Two Luxury Apartments in Mahalaxmi for ₹14.8 Crore

Prabhu Deva Sells Two Luxury Apartments in Mahalaxmi for ₹14.8 Crore

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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Bobby Deol and Tania Deol Invest Over ₹15 Crore in Commercial Offices in Andheri West

Bobby Deol and Tania Deol Invest Over ₹15 Crore in Commercial Offices in Andheri West (2)

Actor Bobby Deol and his wife, Tania Deol, have made a notable commercial real estate investment in Mumbai. The couple has acquired multiple office units worth over ₹15 crore in Andheri West. According to property registration documents accessed by CRE Matrix, the units are located at Yura Business Park – Phase 2 along the Andheri–Versova Link Road. The transactions highlight continued investor interest in commercial office assets in one of Mumbai’s key business micro-markets.

Deal Details

Bobby Deol purchased Unit C-201, a 71.44 sq. m. office, for ₹3.32 crore, paying ₹19.93 lakh in stamp duty. He also purchased Unit C-202, measuring 79.15 sq. m., for ₹3.68 crore, with stamp duty of ₹22.08 lakh.

Meanwhile, Tania Deol, through her company Greenstone Investments Private Limited, purchased three more units in the same project. These include Unit C-203 (50.63 sq. m., ₹2.35 crore, ₹14.12 lakh stamp duty), Unit C-204 (78.50 sq. m., ₹3.65 crore, ₹21.9 lakh stamp duty), and Unit C-205 (43.94 sq. m., ₹2.04 crore, ₹12.26 lakh stamp duty).

Strategic Investment by Bobby Deol

Bobby Deol and his wife, Tania Deol, have expanded their presence in Mumbai’s commercial real estate by purchasing multiple units. Tania Deol further acquired three additional spaces, bringing their combined investment to over ₹15 crore. Andheri West offers high rental yields, strong capital appreciation, and proximity to media houses, studios, and corporate offices, making it attractive for office tenants. This purchase reflects Bobby Deol’s smart strategy to diversify assets, earn stable rental income, and invest in a high-demand commercial market.

Why Andheri West is Attractive for Investors

Andheri West is one of Mumbai’s most sought-after commercial micro-markets. It offers excellent connectivity through the Andheri–Versova Link Road and is close to media houses, studios, and corporate offices. Office spaces here provide rental yields of 8–10%, often higher than luxury residential properties.

The area attracts not only businesses but also draws high-net-worth individuals and celebrities, looking for stable, income-generating assets. Strong infrastructure, modern commercial projects, and consistent demand make it a preferred choice for investors. With strong demand and limited supply, investing in Andheri West offices is seen as a smart long-term strategy.

Recent Transactions

Recent commercial transactions in Mumbai are increasingly seeing growing interest from celebrities investing in premium office and retail spaces. These buyers are entering the commercial property market, reflecting confidence in well-located assets across key micro-markets that offer stable rental income and long-term value growth.

In a recent transaction, the parents of Hrithik Roshan leased commercial space in Andheri West for ₹14.5 lakh/month, reflecting the strong leasing activity and continued interest in Mumbai’s prime commercial locations.

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Preity Zinta Sells Bandra Apartment for ₹18.5 Crore After Redevelopment

Preity Zinta Sells Bandra Apartment for ₹18.5 Crore (2)

Bollywood actor Preity Zinta has sold an apartment in Mumbai’s upscale Pali Hill area of Bandra for ₹18.5 crore. Property registration documents accessed by CRE Matrix confirm the transaction.

The apartment came to Zinta in April 2025 after her residential building underwent redevelopment. This sale marks her second apartment transaction within four months.

Property and Transaction Details

The property sits in the Rustomjee Parishram building in Bandra’s Pali Hill neighbourhood. The apartment measures about 1,770 sq ft and sits on the 11th floor of the building. The sale was officially registered on March 2, 2026.

Documents show that Priya Nagar and Rajeev Nagar, US citizens of Indian origin, purchased the apartment. The transaction involved a stamp duty payment of ₹1.11 crore and a registration fee of ₹30,000.

Second Apartment Sale in Four Months

This is Zinta’s second property sale in the same building within four months. In November 2025, she sold another apartment in the building for over ₹14 crore. That apartment measured 1,474 sq ft and was also located on the 11th floor of Rustomjee Parishram.

Property Allotted After Redevelopment

Zinta owned property in the building for several years before redevelopment. According to CRE Matrix, the apartment was allotted to her as Permanent Alternate Accommodation (PAA) after the building was redeveloped.

The redevelopment took place under an agreement between the housing society and developer Keystone Realtors, which operates under the Rustomjee brand. The parties formalised the agreement on October 23, 2023. Under the redevelopment terms, residents received new apartments in the upgraded building once construction was finished.

Recent Celebrity Transactions

Recent celebrity real estate transactions highlight the strong demand for luxury homes in Mumbai. From high-value purchases to strategic sales, actors and public figures continue to actively buy, sell, and lease premium properties across the city’s most sought-after neighbourhoods.

In a recent transaction, television actor Tejasswi Prakash purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore. In another transaction, Bollywood actor Ishaan Khattar has purchased a premium apartment in Pali Hill, Bandra, for ₹29.37 crore.

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Suryakumar Yadav’s Wife Devisha Shetty Buys ₹7.18 Crore Apartment in Chembur

Suryakumar Yadav’s Wife Devisha Shetty Buys ₹7.18 Crore Apartment in Chembur

Devisha Shetty, wife of Indian cricketer Suryakumar Yadav, has added a premium Mumbai property to her portfolio with the purchase of a luxury apartment in Chembur. Property registration documents reviewed by CRE Matrix show that she acquired the apartment for ₹7.18 crore. The transaction was officially registered on February 20, 2026.

Deal Details and Possession Timeline

The apartment is located in Godrej Sky Terraces, a premium residential project in Chembur. The project is developed by Godrej Properties Limited and offers modern amenities and upscale living. The unit spans 140.86 square metres and comes with two car parking spaces. The deal attracted a stamp duty payment of ₹35.90 lakh. As per the agreement for sale, possession of the apartment is scheduled for June 30, 2028.

Celebrity Interest in Mumbai Real Estate

Mumbai’s premium residential market continues to attract celebrities and high-net-worth buyers. Chembur is emerging as a key luxury micro-market, driven by improving connectivity and premium developments. Projects like Godrej Sky Terraces offer lifestyle upgrades along with long-term value, adding to the growing list of high-value residential transactions in the city.

Adding to celebrity real estate activity, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore. In a separate transaction, television actor Tejasswi Prakash purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore.

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Tejasswi Prakash Buys ₹7.63 Crore Luxury Apartment in Bandra West

Tejasswi Prakash Buys ₹7.63 Crore Luxury Apartment in Bandra West (2)

Television actor Tejasswi Prakash has purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore, according to property registration documents accessed by CRE Matrix.

The transaction adds to the steady stream of celebrity investments in Mumbai’s high-value residential market. Many of these investments focus on prime micro-markets known for exclusivity and long-term appreciation potential.

Property Details: Bay Heights, Bandra Reclamation

The apartment is located in Bay Heights on Krishna Chandra Marg in Bandra Reclamation. It is one of the most sought-after residential pockets in Mumbai. The project has been developed by Excel Enterprises India Private Limited.

The apartment measures 121.14 sq metres (approximately 1,304 sq ft) and comes with two dedicated car parking spaces. The transaction was officially registered on February 16, 2026.

The actor paid ₹38.15 lakh in stamp duty. As per the agreement, the developer will hand over possession on November 29, 2030.

Bandra West: A Celebrity Favourite

Bandra West continues to be a magnet for high-net-worth individuals, business leaders, and film and television personalities. Its appeal lies in a combination of strategic location and lifestyle advantages—proximity to key business districts, premium sea-facing developments, upscale retail, dining hubs, and established social infrastructure.

Over the years, Bandra has maintained strong capital values despite broader market fluctuations, making it a preferred destination for end-users and investors alike. The locality’s limited land availability and consistent demand have contributed to sustained price resilience.

A Look at Tejasswi Prakash’s Career

Tejasswi Prakash, also known as Tejasswi Prakash Wayangankar, is a prominent face in Hindi television and Marathi cinema. She is the recipient of prestigious industry honours, including the Indian Television Academy Award and the Indian Telly Award. Her growing popularity and consistent on-screen presence reflect her strong standing in the entertainment industry.

Recent Transactions

This acquisition reflects a larger trend in Mumbai’s luxury housing market, where buyers continue to invest in premium homes despite high property prices. Celebrity deals such as this draw significant attention, shape market sentiment, and strengthen confidence in prime micro-markets. With constrained supply and consistent demand, these neighbourhoods remain a preferred choice for celebrities and long-term investors.

In another notable deal, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore.

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Bollywood Actor Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Mumbai’s luxury housing market has recorded another celebrity transaction. Bollywood actor Ishaan Khattar has purchased a premium apartment in Pali Hill, Bandra, for ₹29.37 crore. Property registration documents accessed by CRE Matrix confirm the deal. The transaction once again underlines Pali Hill’s position as one of Mumbai’s most sought-after luxury residential micro-markets.

Deal Snapshot: Key Details

Ishaan Khattar has acquired a luxury apartment at Navroz Apartments in Bandra’s prime Pali Hill neighbourhood, under the Navroze Premises Co-operative Society. Kapil M Mahtani sold the property, and the transaction was registered on February 5, 2026. The apartment measures 2,989.05 sq ft in carpet area and comes with four parking spaces. As per the documents, Khattar paid ₹1.76 crore as stamp duty for the transaction.

Why Pali Hill Attracts Bollywood Stars

Pali Hill remains one of Mumbai’s most prestigious residential addresses. The neighbourhood continues to attract celebrities, business leaders, and high-net-worth individuals seeking exclusivity and privacy. Luxury apartments in this micro-market command premium pricing, with rates ranging between ₹80,000 and ₹1.30 lakh per sq ft. Limited supply and sustained demand keep values firm across market cycles.

Bandra’s strategic location adds to its appeal for the film fraternity. Pali Hill offers convenient access to major film production hubs in Andheri, Versova, Juhu, and Goregaon Film City. This proximity reduces commute time for actors and production teams and enhances lifestyle convenience. The location advantage continues to make Bandra a preferred residential base for Bollywood professionals.

Pali Hill’s Star-Studded Resident List

For decades, Pali Hill has served as Bollywood’s most recognisable celebrity enclave. Several leading film personalities own homes in the area, reinforcing its premium brand value. Notable residents include Shah Rukh Khan, Aamir Khan, Ranbir Kapoor, Alia Bhatt, Dilip Kumar, Jackie Shroff, and Sanjay Dutt. The concentration of high-profile residents sustains the locality’s aspirational appeal.

Recent Transactions

Mumbai’s luxury housing segment continues to record high-value buying and selling activity. Recent transactions show sustained appetite for prime assets, even as some owners monetise long-held properties. Celebrity deals, in particular, reflect confidence in premium micro-markets and reinforce their pricing power.

In a recent transaction, Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore. In another transaction, popular comedian Bharti Singh has sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore.

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Rakesh Roshan Sells 1.09-Hectare Land Parcel in Pune for ₹15 Crore

Rakesh Roshan Sells 1.09-Hectare Land Parcel in Pune for ₹15 Crore

Veteran filmmaker and Bollywood actor Rakesh Roshan has sold a 1.09-hectare land parcel in Pune district for ₹15 crore, according to property registration documents accessed by CRE Matrix.

Transaction Details

The Deed of Conveyance between Rakesh Roshan and CP Lands LLP was officially registered on December 26, 2025. As per the documents, a stamp duty of ₹1.05 crore was paid.

The land parcel is located in Lohegaon village, under Haveli taluka, Pune district. This area has been witnessing growing interest due to its proximity to key residential and commercial zones.

Lohegaon: An Emerging Micro-Market

Lohegaon has steadily gained traction as a developing real estate micro-market in Pune. This is supported by improved connectivity, infrastructure upgrades, and spillover demand from core city areas. The region’s strategic location near employment hubs and upcoming infrastructure projects has made it attractive for land aggregation and future development.

High-Value Land Transactions Signal Market Confidence

Large land deals such as this reflect sustained investor confidence in Pune’s real estate market, particularly in peripheral and growth corridors. Institutional buyers and LLPs continue to actively acquire land parcels, anticipating long-term appreciation and development potential.

Roshan Family Property Transactions 

The Roshan family’s real estate transactions reflect strategic asset management across key Indian markets. From land parcels to high-value properties, these deals highlight sustained confidence in long-term real estate value and evolving investment preferences.

In a recent transaction, Rakesh Roshan and Pramila Rakesh Roshan leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of ₹14.5 lakh.

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Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Virat Kohli and Anushka Sharma Make Second Land Investment in Alibaug for ₹37.86 Crore

Celebrity couple Virat Kohli and Anushka Sharma have made a fresh real estate investment in Alibaug, acquiring over five acres of land for ₹37.86 crore, according to property registration documents accessed by CRE Matrix. This marks their second land purchase in the coastal town near Mumbai within the last four years.

Transaction Details

The latest transaction was registered on January 13, 2026. It involves two adjoining land parcels located in Zirad village, close to Awas Beach in Alibaug, Raigad district. One parcel measures 14,740 square metres, while the second plot is 6,270 square metres. The combined land area is 21,010 square meters, or approximately 5.2 acres. They purchased the two parcels for a cumulative value of ₹37.86 crore.

As per the registration documents, the couple paid a stamp duty of ₹2.27 crore to complete the transaction. The registration fee is ₹30,000. The seller in the deal is Sonali Amit Rajput, while Samira Land Assets Private Limited is the confirming party.

Earlier Investment in the Same Area

Kohli and Sharma are already familiar names in Alibaug’s real estate landscape. In fact, around four years ago, the couple had made headlines after purchasing an eight-acre land parcel for approximately ₹19 crore in the region. A luxury villa has since been constructed on that plot. It features amenities such as a temperature-controlled swimming pool, a bespoke kitchen, multiple bathrooms, a jacuzzi, landscaped gardens, covered parking, and staff quarters.

Alibaug Real Estate Market Snapshot

Alibaug has steadily evolved into a premium residential and second-home market, supported by better connectivity and strong lifestyle-driven demand. According to local brokers, apartment capital values in the area currently range between ₹15,000 and ₹17,000 per sq ft. Land prices vary depending on zoning, with agricultural plots priced at ₹3–5 crore per acre. Non-agricultural land, on the other hand, commands ₹8–10 crore per acre.

Growing Appeal Among High-Net-Worth Buyers

With limited land availability and a rising number of celebrity homeowners, Alibaug continues to draw long-term investors seeking exclusivity and capital appreciation. High-value transactions such as this further highlight the region’s transition from a weekend getaway to one of Maharashtra’s most closely tracked luxury real estate markets.

In a recent transaction, Bollywood megastar Amitabh Bachchan purchased three adjoining land parcels in The House of Abhinandan Lodha (HoABL), Alibag Phase 2, a premium gated development by HOABL Landbuild Pvt. Ltd.

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Madhuri Dixit and Dr. Shriram Nene Sell Juhu Apartment for ₹3.9 Crore

Madhuri Dixit and Dr. Shriram Nene Sell Juhu Apartment for ₹3.9 Crore (2)

Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, have sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore, according to property registration documents accessed by CRE Matrix. The transaction was registered on December 15, 2025, marking another high-profile residential deal in Mumbai’s western suburbs.

The apartment is located at Flat No. 41 on the fourth floor of Iris Park, Deep Varsha Co-operative Housing Society, situated on Military Road in Juhu (400049). Notably, the property has a carpet area of 780.13 sq ft. It is located within one of Mumbai’s most sought-after residential micro-markets, known for its celebrity ownership.

Transaction Details

The total consideration recorded in the sale deed stands at ₹3.90 crore. In addition to the sale value, a security deposit of ₹19.5 lakh formed part of the transaction. The buyer of the apartment is Mrs Darshana Ghatlia. As reflected in the stamp duty calculation sheet within the registered documents, the buyer also availed a 1% stamp duty concession under the Maharashtra government’s women homebuyer benefit scheme.

Nearly 100% Appreciation Since 2012

Madhuri Dixit and Dr. Nene had originally purchased the Juhu apartment in June 2012 for ₹1.96 crore. The latest transaction reflects a capital appreciation of nearly 100% over a period of 13 years. The strong price growth indicates Juhu’s enduring appeal as a premium residential destination, where demand remains resilient despite market cycles.

Juhu continues to command consistent buyer interest due to its strategic location, proximity to the coastline, established social infrastructure, and concentration of celebrity residences. Limited availability of premium homes in the area has supported steady capital appreciation, with celebrity-owned properties often attracting additional valuation premiums.

Recent Transactions

Celebrity real estate transactions in Mumbai remain closely tracked indicators of market strength. As a result, recent high-value deals in established western suburbs stand out. Moreover, they highlight resilient demand. At the same time, limited supply continues to support steady capital appreciation in prime residential pockets.

In a recent transaction, popular comedian Bharti Singh sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore. In another transaction, Preity Zinta sold her premium apartment in Mumbai’s upscale Bandra locality for ₹14.08 crore. 

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Hrithik Roshan’s Parents Lease Commercial Space in Andheri West for ₹14.5 Lakh a Month

Hrithik Roshan’s Parents Lease Commercial Space in Andheri West for ₹14.5 Lakh a Month

Hrithik Roshan’s parents, filmmaker Rakesh Roshan and Pramila Rakesh Roshan, have leased a commercial property in Mumbai to Fabindia Limited for a monthly rent of ₹14.5 lakh, according to documents accessed by CRE Matrix. The deal reflects steady demand for premium retail spaces in established commercial locations across the city.

The property is located at De Mall on Veera Desai Road in Andheri West, a well-known retail and commercial corridor. It offers a carpet area of 6,389.47 sq ft, with the rent working out to around ₹227 per sq ft. This rate aligns with current market levels for quality retail assets in the area.

Key Lease Terms and Timeline

The lease agreement was registered on December 9, 2025, and includes a security deposit of ₹87 lakh. Fabindia Limited also received access to five car parking slots as part of the deal. The landlord handed over the premises on September 1, 2025.

The lease runs for a period of five years. Fabindia has a lock-in period of 15 months, while Rakesh Roshan and Pramila Rakesh Roshan are committed to a full five-year lock-in. As a result, the structure offers flexibility to the tenant and long-term income visibility to the owners.

Structured Rental Escalation

The agreement clearly outlines rental escalation across the lease term. The monthly rent stands at ₹14.5 lakh in the first year. It rises to ₹15 lakh in the second year and ₹16 lakh in the third year. In the fourth and fifth years, the rent increases further to ₹18.4 lakh per month, reflecting confidence in the long-term potential of Andheri West as a retail destination.

Celebrity Interest in Commercial Real Estate

Commenting on the transaction, Abhishek Kiran Gupta, CEO, CRE Matrix, said the deal highlights the growing interest among celebrities in commercial real estate. He noted that prime retail assets offer stable cash flows, predictable returns, and long-term value appreciation, making them an attractive wealth-building option for high-net-worth individuals.

Recent Transactions

Recent office and commercial space deals involving celebrities show a clear shift towards income-generating real estate assets. Increasingly, high-profile investors are choosing premium retail spaces and Grade A offices to secure steady rental income and long-term capital appreciation.

Earlier this year, Bollywood actor Manoj Bajpayee and his wife, Shabana Bajpayee, leased two commercial properties in Andheri West for a monthly rent of ₹10.9 lakh for a five-year term, highlighting the continued appeal of Mumbai’s western suburbs for commercial investments.

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