Asha Bhosle and Son Anand Sell Luxury Apartment in Pune for ₹6.15 Crore

Veteran singer Asha Bhosle and her son, Anand Bhosle, have sold their luxury apartment of 3,401 sq ft in Pune for ₹6.15 crore, according to property registration documents accessed by CRE Matrix. The apartment, located in the prestigious Panchshil One North building near Magarpatta City, has a terrace of 182 sq ft and was sold along with five parking spaces.

According to the data shared by CRE Matrix, Asha Bhosle purchased the apartment in February 2013 for ₹4.33 crore, earning a return on investment of around 42%. The apartment is situated on the 19th floor and was sold to two Pune-based individuals, Prerna Gaikwad and Sangram Gaikwad. The transaction was registered on July 14, 2025, with a stamp duty of over ₹43 lakh and a registration fee of ₹30,000.

Panchshil One North, constructed by Panchshil Realty, is approximately 9 km from the Pune Airport, 6 km from Kharadi, and 25 km from Hinjewadi, home to several IT firms. This strategic location has contributed to the high value and appeal of the property.

Asha Bhosle and the homebuyers could not be reached for comment. Despite this, the sale highlights the resilience of the Pune real estate market, which has faced challenges in recent years. According to a research report released by Gera Developments earlier this month, the Pune real estate market launched over 88,000 units in 2024-25 (July to June), compared to over 99,000 during the same period in 2023-24.

The report indicates that Pune’s residential real estate market recorded an 8% decline in annual home sales. Sales fell from 93,737 units in June 2024 to 86,666 units in June 2025, even as average prices rose moderately by 7.3%. This decline in sales, despite lower interest rates, suggests a continued 'sticker shock' among potential buyers in the region.

Despite these challenges, high-profile sales like the one by Asha Bhosle and Anand Bhosle demonstrate that there is still significant interest in premium properties in Pune. This sale not only underscores the value of well-located luxury apartments but also highlights the potential for strong returns on investment in the right market conditions.