{"id":4506,"date":"2026-10-28T09:30:37","date_gmt":"2026-10-28T04:00:37","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=4506"},"modified":"2026-10-28T09:30:38","modified_gmt":"2026-10-28T04:00:38","slug":"salim-merchant-buys-commercial-property-in-mumbais-santacruz-west-for-%e2%82%b912-85-crore","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/salim-merchant-buys-commercial-property-in-mumbais-santacruz-west-for-%e2%82%b912-85-crore\/","title":{"rendered":"Salim Merchant Buys Commercial Property in Mumbai\u2019s Santacruz West for \u20b912.85 Crore"},"content":{"rendered":"\n

Music composer and singer Salim Merchant, along with four other buyers, has purchased a commercial property in Mumbai\u2019s Santacruz West for \u20b912.85 crore. According to property registration documents accessed through CRE Matrix<\/a>, the transaction was registered on October 7, 2026, with the buyers paying \u20b977.10 lakh in stamp duty.<\/p>\n\n\n\n

What Are the Key Details of the Deal?<\/strong><\/h2>\n\n\n\n

The commercial property transaction involves five buyers, with Salim Merchant holding a 50% ownership share. The other four buyers each hold a 12.5% share. The agreement includes commercial premises with a combined carpet area of 1,285 sq ft and one car parking space.<\/p>\n\n\n\n

The property was purchased from Shreeja Devcon Private Limited for \u20b912.85 crore. The buyers paid \u20b977.10 lakh in stamp duty, equivalent to 6% of the stated transaction value. The agreement was registered on October 7, 2026.<\/p>\n\n\n\n

How Is the Property Area and Price Distributed?<\/strong><\/h2>\n\n\n\n

The commercial premises occupy the ground and first floors of DLH Mangal Murti. The ground floor covers 575 sq ft of carpet area, while the first floor spans 710 sq ft, taking the total carpet area to 1,285 sq ft.<\/p>\n\n\n\n

At a transaction value of \u20b912.85 crore, the purchase price works out to approximately \u20b91 lakh per sq ft of carpet area. In addition, the agreement includes one car parking space. The property’s two-floor configuration offers a combination of ground-floor and upper-floor commercial space within the same building.<\/p>\n\n\n\n

Why Is Linking Road an Important Commercial Location?<\/strong><\/h2>\n\n\n\n

Linking Road is one of Mumbai\u2019s prominent retail high streets, attracting shoppers from Santacruz West and neighbouring areas. The stretch features an established shopping ecosystem and draws visitors from different parts of the city.<\/p>\n\n\n\n

Moreover, established retail destinations can appeal to businesses seeking commercial premises in locations with existing consumer activity. Properties in such areas may offer opportunities for retail stores, showrooms and other commercial operations, subject to the property’s permitted use and configuration.<\/p>\n\n\n\n

The property’s location at the junction of Linking Road and Talmaki Road places it within this established commercial setting. Its position near a recognised shopping destination adds context to the acquisition.<\/p>\n\n\n\n

What Does the Transaction Indicate About Mumbai\u2019s Commercial Property Market?<\/strong><\/h2>\n\n\n\n

The acquisition highlights interest in commercial real estate across Mumbai\u2019s established retail locations. Santacruz West benefits from its position within the western suburbs and its proximity to prominent shopping destinations, including Linking Road.<\/p>\n\n\n\n

Furthermore, the transaction provides an example of commercial property pricing in the locality, with the purchase price reaching approximately \u20b91 lakh per sq ft of carpet area. However, property values can vary depending on factors such as frontage, accessibility, floor configuration, building specifications, and permitted use.<\/p>\n\n\n\n

Consequently, registered transactions provide useful insights into commercial property activity across Mumbai\u2019s retail and business districts. This acquisition adds another data point to the city’s commercial real estate market, particularly in established high-street locations.<\/p>\n\n\n\n

Recent Transactions<\/strong><\/h2>\n\n\n\n

Celebrity-linked commercial property transactions offer a glimpse into Mumbai\u2019s evolving real estate market. Recent deals across the city highlight property acquisitions, ownership changes, and leasing activity in prominent commercial destinations.<\/p>\n\n\n\n

In a recent transaction, actress Sara Ali Khan and her mother, Amrita Singh, leased a 2,545 sq ft commercial office space in Mumbai\u2019s Andheri West at an initial monthly rent of \u20b95.85 lakh<\/a>. In another transaction, actor Saif Ali Khan has leased two commercial units at Kanakia Wall Street in Mumbai\u2019s Andheri East for a monthly rent of \u20b922.76 lakh<\/a>.<\/p>\n\n\n\n

Track the latest real estate property transactions across Mumbai with CRE Matrix. Visit our platform for data-backed real estate insights.<\/p>\n\n\n\n

Book a demo now<\/a>!<\/p>\n\n\n\n

Media Mentions<\/strong><\/h2>\n\n\n\n