Anu Malik Sells Two Mumbai Flats in Santacruz West for Rs 14.49 Crore
The renowned music composer Anu Malik and his wife have reportedly sold two properties located in Santacruz West, Mumbai, for a combined total of Rs 14.49 crore, as per property registration records accessed by real estate platform Square Yards.
Anu MalikMumbai Real EstateSantacruz WestProperty SaleHighvalue PropertiesReal Estate MumbaiFeb 07, 2025
The transaction, which has been recorded in the property registration office, indicates a total sale value of Rs 14.49 crore.
The decision to sell these flats comes at a time when the property market in Mumbai is witnessing a significant surge in activity, particularly in affluent areas like Santacruz West.
Anu Malik, a household name in the Indian music industry, has composed music for numerous blockbuster films and has worked with some of the biggest names in Bollywood.
His decision to divest these properties is likely a strategic move, given the current market conditions and his other business interests.
According to the property registration records accessed by Square Yards, one of the flats is a spacious 3-bedroom apartment, while the other is a 2-bedroom unit.
Both properties are situated in a prime location, offering residents easy access to various amenities and infrastructural facilities.
The sale of these flats is expected to attract attention in the real estate circles, as properties in this area are highly sought after due to their prime location and premium value.
The real estate market in Santacruz West has seen a notable uptick in recent months.
The area is known for its vibrant lifestyle, excellent connectivity, and a plethora of commercial and residential developments.
This has made it a popular choice for both investors and homebuyers.
The sale of Anu Malik’s properties in this area is likely to further underscore the attractiveness of Santacruz West as a prime real estate destination.
Speaking about the sale, a spokesperson from Square Yards mentioned, 'The market in Santacruz West is currently very active, and the sale of these high-value properties is a clear indication of the positive sentiment among buyers and sellers.
Anu Malik’s decision to sell his properties at this time is a savvy business move, given the current market conditions.'
When contacted, Anu Malik’s office declined to comment on the specifics of the transaction.
However, industry experts believe that the proceeds from the sale could be used to fund new business ventures or investments.
The music composer has been actively involved in the entertainment industry for several decades and has diversified his interests over the years.
In conclusion, the sale of Anu Malik’s properties in Santacruz West highlights the robustness of the Mumbai real estate market, particularly in premium locations.
The transaction is likely to be closely watched by real estate enthusiasts and industry players, providing valuable insights into the current market trends and investor sentiment.
Frequently Asked Questions
What properties did Anu Malik sell in Santacruz West?
Anu Malik and his wife sold two properties in Santacruz West, Mumbai. One is a 3-bedroom apartment, and the other is a 2-bedroom unit.
For how much did Anu Malik sell the properties?
The properties were sold for a combined total of Rs 14.49 crore.
Why did Anu Malik decide to sell the properties?
While the specific reasons were not disclosed, industry experts believe that the sale is a strategic move given the current real estate market conditions and Anu Malik's other business interests.
What is the current state of the real estate market in Santacruz West?
The real estate market in Santacruz West is currently very active, with a notable uptick in recent months. The area is known for its vibrant lifestyle, excellent connectivity, and a plethora of commercial and residential developments.
What might Anu Malik use the proceeds from the sale for?
Industry experts believe that the proceeds from the sale could be used to fund new business ventures or investments.
Related News Articles
MahaRERA to Conduct 5th Online Exam for Real Estate Agents on July 29th
MahaRERA is set to hold its 5th online exam for real estate agents on July 29th, with 5,260 candidates participating across 24 centers in Maharashtra.
NeoLiv Snags Prime Land for Mixed-Use Villa Development in Alibaug
Alibaug, a coastal retreat in Maharashtra, is set to witness the launch of a new luxury mixed-use villa development by NeoLiv, a leading real estate developer known for its premium projects. This strategic acquisition reflects the growing interest in the
Central Railway Uncovers Counterfeit Ticket Scam on Godan Express
Mumbai: Central Railway's vigilance department has uncovered a major ticket scam on the Godan Express, where passengers were being duped with counterfeit tickets. The scam, which was prevalent during the festive season, saw many travelers unknowingly carr
Goa Police Book 5 Real Estate Executives in Rs 100 Crore Share Market Scam
Panaji: The Economic Offence Cell (EOC) of Goa Police has registered an FIR against five directors of a prominent real estate company in connection with a massive Rs 100 crore share market scam.
NBCC Targets ₹1 Lakh Crore Order Book Growth Amid Strong Market Performance
The National Building Construction Corporation (NBCC) is eyeing a significant expansion of its order book to ₹1 lakh crore, driven by robust growth in the real estate and infrastructure sectors. The company is leveraging its strong market position and str
Shradha Infraprojects Reaches New Stock Price Milestone at Rs. 103.21
Shradha Infraprojects, a prominent microcap construction and real estate company, hit an all-time high stock price of Rs. 103.21 on December 30, 2024. This remarkable achievement showcases the company's robust growth and strong performance in the market.