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South Mumbai Luxury Market Booms with ₹60+ Crore Deal in Lower Parel

South Mumbai Luxury Market Booms with ₹60+ Crore Deal in Lower Parel

South Mumbai’s luxury housing market continues to attract high-value transactions. A premium apartment in Lower Parel recently sold for over ₹60 crore, according to data accessed by CRE Matrix. This deal reflects sustained interest from high-net-worth buyers in prime micro-markets.

Premium Transaction at Kalpataru One

The transaction involves a luxury apartment at Kalpataru One in Lower Parel. A renowned diamond merchant purchased the apartment from Kalpataru Properties Limited.

The deal was registered on March 25, 2026. The total transaction value stands at ₹60.39 crore. Buyers paid ₹3.62 crore in stamp duty, indicating the scale of the investment.

The apartment offers a carpet area of 6,299 sq ft along with a 638 sq ft balcony. This makes it one of the larger configurations within the project. The deal also includes five dedicated car parking spaces, a key feature for ultra-luxury buyers.

Large-format homes continue to gain traction among affluent buyers. These homes offer more space, exclusivity, and lifestyle-driven amenities.

Lower Parel Emerges as a Luxury Hotspot

Lower Parel remains one of Mumbai’s most sought-after locations. It combines commercial hubs with premium residential developments, making it ideal for high-net-worth individuals.

The area offers strong connectivity, proximity to business districts, and access to high-end social infrastructure. These factors continue to drive demand despite limited inventory.

Strong Market Confidence in the Luxury Segment

This transaction highlights ongoing confidence in Mumbai’s luxury real estate market. Established micro-markets like Lower Parel continue to see resilient demand. Limited supply and consistent buyer interest are pushing up transaction values.

Market activity suggests that premium housing in South Mumbai will remain a key growth driver. High-value deals like this reinforce the shift toward larger, high-quality homes among elite buyers.

Recent Transactions

Mumbai’s luxury housing market continues to witness high-value transactions, driven by strong demand from affluent buyers. Recent deals highlight a clear preference for spacious homes in prime locations. This indicates confidence in the city’s premium real estate segment and its long-term growth potential.

In a recent transaction, promoters of K Raheja Corp, Ravi Raheja and his wife Sumati Raheja, sold a 6,772 sq ft apartment at Raheja Artesia in Worli for ₹121 crore. In another transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in the same locality for Rs 123.5 crore.

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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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Promoters Sell ₹121 Crore Apartment at Raheja Artesia in Worli

Promoters Sell ₹121 Crore Apartment at Raheja Artesia in Worli (2)

Promoters of K Raheja Corp have sold a super-luxury apartment in Mumbai’s premium residential market. Ravi Raheja, group president of the company, and his wife Sumati Raheja sold a 6,772 sq ft apartment at Raheja Artesia in Worli for ₹121 crore.

The buyers, Shree Dhootapapeshwar Ltd, manufacture and sell Ayurvedic medicines and health supplements. The transaction highlights the continued momentum in Mumbai’s ultra-luxury residential market. Property registration documents show that the transaction was officially registered on February 26, according to data accessed by CRE Matrix.

Property and Transaction Details

The apartment sits on the 44th floor of the tower and spans 6,772 sq ft of built-up area. It also includes an additional 367 sq ft balcony or open terrace space.

Including the outdoor area, the deal value translates to roughly ₹1.7 lakh per square foot. The residence also comes with six dedicated car parking spaces.

Promoters Monetising Premium Inventory

Developers and promoters often retain select inventory in luxury projects and sell these units later as property values rise. Recent transactions at the same project reflect this strategy.

Angel investor Radha Tanti, wife of Suzlon Energy executive vice chairman Girish Tanti, recently purchased another apartment in the same tower from Ravi and Sumati Raheja for ₹123.5 crore.

In another transaction, Chandru Raheja and Jyoti Raheja sold two residences in the building to Suresh Pareek and Veena Pareek, promoters of Ideal Cures Pharma, for a combined ₹190.1 crore. That deal was priced at approximately ₹1,35,970 per sq ft.

Worli’s Luxury Market Continues to Break Records

The latest sale adds to a growing list of high-value transactions in Worli, where several homes have sold for over ₹100 crore in 2024 and 2025.

Limited supply, sea-facing locations, and strong demand from ultra-high-net-worth individuals have strengthened the neighbourhood’s reputation as Mumbai’s “billionaire street.” Premium developments such as Naman Xana, Three Sixty West, and Lodha Sea Face have attracted prominent buyers in recent years.

According to Abhishek Kiran Gupta, CEO of CRE Matrix, such high-value transactions reflect the depth of Mumbai’s ultra-luxury housing segment. Wealthy buyers increasingly view prime homes in the city as both a lifestyle investment and a long-term wealth asset.

Recent transactions at Raheja Artesia highlight the strong demand for ultra-luxury homes in Worli. Several high-value deals involving prominent business families and investors underscore the growing appetite for prime residential assets in Mumbai’s most exclusive neighbourhoods.

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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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Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for ₹85 Crore

Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for ₹85 Crore

In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for ₹85 crore, according to property registration documents accessed by CRE Matrix.

Deal Details

The company acquired three units with a combined carpet area of around 3,162 sq ft, including a primary apartment measuring approximately 2,004.8 sq ft and two additional units of about 578.67 sq ft each. India Best Buy Private Limited sold the properties. The deal was registered on February 10, 2026, and Reliance Industries Limited paid nearly ₹5.10 crore in stamp duty, according to official documents.

A Premium South Mumbai Address

One Altamount Road stands in the prestigious Altamount Road–Cumballa Hill belt. The location ranks among Mumbai’s most exclusive residential zones. It attracts industrialists, business families, and ultra-high-net-worth buyers seeking prime city addresses.

Corporate Demand Remains Strong

This acquisition highlights sustained corporate interest in South Mumbai’s luxury housing market. Large companies and high-net-worth individuals continue to invest in prime assets despite high property prices and significant transaction costs.

The deal reinforces confidence in Mumbai’s top-tier residential micro-markets, where demand remains resilient for trophy properties.

Recent Transactions

Mumbai’s luxury real estate market has witnessed a steady surge in high-value transactions, with corporates, industrialists, and high-net-worth individuals acquiring premium homes in prime locations. Despite elevated prices, demand for exclusive addresses in South Mumbai continues to remain resilient.

In a recent transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli for Rs 123.5 crore. In another transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 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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Suzlon Vice Chairman Girish Tanti’s Wife Buys Rs 123.5 Crore Luxury Home in Worli

Suzlon Vice Chairman Girish Tanti's Wife Buys Rs 123.5 Crore Luxury Home in Worli

Mumbai’s ultra-luxury home market continues to experience historic transactions, indicating strong demand at the upper end. Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, has purchased a premium apartment in Worli for Rs 123.5 crore, according to property documents accessed by CRE Matrix. The acquisition demonstrates the area’s popularity among business families and wealthy investors. It further strengthens Worli’s reputation as one of Mumbai’s most desirable premium residential areas.

Property Overview and Transaction Details

The Rs. 123.5 crore transaction includes a premium apartment on the 44th functional floor of Artesia, a super-luxury residential skyscraper near the Doordarshan Centre in Worli. The apartment has an RERA carpet area of roughly 6,772.28 sq ft. It also includes 367.05 sq ft of balcony or open terrace space, making it one of the biggest properties in the development. The seller of the property is K Raheja Corp’s Ravi Raheja and Sumati Raheja. A stamp duty of about Rs 6.18 crore was paid for registration.

Worli’s Growth as a Luxury Residential Hotspot

Worli continues to attract ultra-high-net-worth individuals because of its central location and improved connectivity, aided by infrastructure developments like the Bandra-Worli Sea Link and the coastal road, which improve access to key commercial hubs such as Lower Parel and BKC.

What This Deal Signals for Mumbai Luxury Housing

The luxury housing segment in Mumbai continues to show stable demand trends. Large-format homes in prime locations remain in limited supply. Buyers with strong balance sheets continue to prefer tangible assets. This combination supports steady demand at the top end of the market. Buyers remain selective, but premium homes in strategic locations continue to close high-value deals.

In a recent transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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Pune Emerges as India’s Strongest Housing Market in 2025

Pune Emerges as India’s Strongest Housing Market in 2025

Pune has once again proven why it remains one of India’s most resilient and dynamic residential real estate markets. According to the Pune Housing Report – January 2026 by CRE Matrix in collaboration with CREDAI Pune, the city recorded the highest housing unit sales among all Indian metros in CY 2025, reinforcing its position as the country’s most balanced housing market.

Record-Breaking Sales Volumes

In CY 2025, Pune witnessed the sale of approximately 81,000 residential units, the highest among major metros, including Mumbai, Bengaluru, Hyderabad, and Delhi-NCR. What makes this achievement even more notable is that Pune is a non-capital city, yet it continues to outperform larger and more expensive markets.

This sustained demand highlights Pune’s strong end-user base, driven by steady job creation, educational institutions, and a high quality of life.

Market Value Shows Long-Term Strength

While volume growth has remained stable, the value of homes sold in Pune reached ₹63,000 crore in CY 2025, reflecting the city’s long-term structural growth. Over the last four years, the total value of residential transactions has increased by nearly 70%, growing at a CAGR of 14%.

This trend points to rising purchasing power and a gradual shift toward larger and better-quality homes.

Pune: The Most Affordable High-Performing Metro

Despite recording the highest unit sales in the country, Pune remains one of the most affordable metro housing markets. In CY 2025, the average ticket size of homes sold stood at ₹78 lakh—significantly lower than Hyderabad (₹1.98 Cr), Bengaluru (₹1.71 Cr), Mumbai (₹2.24 Cr), and Delhi-NCR (₹3.68 Cr).

This strong balance between affordability and transaction scale continues to be Pune’s key competitive edge. Notably, the average unit value has risen to ₹78 lakh in CY’25, reflecting a robust 44% growth since CY’21.

Premium Housing on the Rise

One of the most defining trends of the Pune housing market is the rapid growth of premium and luxury segments.

  • Homes priced ₹1–2 crore saw nearly 300% growth in units sold since CY 2021
  • Homes priced above ₹2 crore recorded a 250% increase in sales during the same period

This shift is particularly visible in Central, North West, and North East Pune, signalling a clear transition toward premium urban living.

Micro-Market Insights

Different regions of Pune have shown distinct growth patterns:

  • Central Pune continues to attract premium buyers, with strong growth in ₹1 Cr+ segments
  • North and North West Pune remain volume drivers while rapidly upgrading to higher ticket sizes
  • North East Pune recorded the highest growth in average home values, driven by areas like Kharadi, Viman Nagar, and Wagholi
  • South and South East Pune continue to offer affordability, appealing to first-time homebuyers and upgraders

Supply Challenges, Demand Resilience

While housing demand has remained robust, the market has faced challenges due to delays in project approvals, leading to a decline in new launches. Despite this, sales momentum has held firm—underscoring the deep-rooted confidence buyers have in Pune’s real estate market.

With timely policy interventions and smoother approval processes, Pune’s residential sector is well-positioned to scale new highs. The city’s ability to offer livability, affordability, and economic opportunity places it in a league of its own among Indian metros.

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