Hema Malini Sells Mumbai Apartments for ₹12.5 Crore: A Property Windfall
Renowned Bollywood actress Hema Malini has sold two luxury apartments in Mumbai's Oshiwara for a total of ₹12.5 crore, highlighting the continued allure of celebrity-owned properties in the city's real estate market.
Hema MaliniMumbai Real EstateLuxury ApartmentsCelebrity PropertiesAndheri WestReal Estate MumbaiSep 01, 2025
Each apartment offers about 1,017 square feet of built-up space. These flats are located in Andheri West, one of Mumbai's prime residential and lifestyle destinations known for its upscale vibe and excellent connectivity via the Versova-Ghatkopar Metro corridor. The sale not only underscores the area's popularity but also suggests how celebrity-owned properties continue to attract significant attention in Mumbai's competitive real estate market.
Hema Malini's decision to sell these properties could be influenced by various factors, including financial planning, lifestyle changes, or investment diversification. The Oberoi Springs complex, where the apartments are situated, is known for its high-end amenities and security, making it a desirable location for both celebrities and affluent residents.
The real estate market in Mumbai, particularly in areas like Andheri West, has seen a steady rise in property values over the years. The presence of celebrities like Hema Malini can further boost the appeal of such properties, often leading to higher valuations and quicker sales. The recent transaction is a testament to the strong demand for prime real estate in the city, especially in well-connected and prestigious neighborhoods.
For buyers and investors, the purchase of celebrity-owned properties often comes with a premium, driven by the perceived exclusivity and the cachet associated with owning a home that once belonged to a well-known figure. In Hema Malini's case, her stature in the film industry and her political connections add an extra layer of appeal to these apartments.
The sale of these properties also reflects the broader trends in Mumbai's real estate market, where luxury segments continue to perform well despite economic challenges. Developers and investors are increasingly focusing on high-end projects that cater to the growing demand for premium living spaces, complete with modern amenities and top-notch infrastructure.
In conclusion, Hema Malini's sale of her apartments in Oshiwara for ₹12.5 crore is a significant transaction that highlights the enduring appeal of celebrity-owned properties in Mumbai's real estate landscape. As the city continues to evolve, such deals are likely to remain a key indicator of market trends and consumer preferences.
Frequently Asked Questions
Why did Hema Malini sell her apartments in Mumbai?
Hema Malini's decision to sell her apartments could be influenced by various factors such as financial planning, lifestyle changes, or investment diversification. The specifics of her decision are not publicly disclosed.
What is the location of the apartments Hema Malini sold?
The apartments are located in the Oberoi Springs complex in Oshiwara, Andheri West, Mumbai. This area is known for its upscale vibe and excellent connectivity.
How much did each apartment sell for?
Each apartment sold for ₹6.25 crore, making the total sale value ₹12.5 crore for both units.
What are the key features of the apartments?
Each apartment offers about 1,017 square feet of built-up space and comes with its own parking spot. They are located in a prime residential and lifestyle destination with modern amenities.
Why are celebrity-owned properties popular in Mumbai's real estate market?
Celebrity-owned properties are popular due to the perceived exclusivity and cachet associated with owning a home that once belonged to a well-known figure. This often leads to higher valuations and quicker sales.
Related News Articles
Boosting India's Housing Market: Developers Seek Tax Incentives and Industry Status in Budget 2024
The Indian housing sector is looking forward to the Union Budget 2024, expecting tax reliefs and other sentiment boosters to stimulate growth in the market.
Kalpataru Ltd Set to Enter Nagpur Real Estate Market with Plotted Development Project
Mumbai-based Kalpataru Ltd plans to launch a plotted development project in Nagpur, marking its entry into the city's real estate market. The project will be spread across 37 acres and will have 400 plots of sizes 1,200 to 4,000 sq ft range.
Hong Kong Halts Commercial Land Sales for Seventh Consecutive Quarter
Hong Kong's government has announced that it will not sell any commercial land in the quarter from October to December, citing low demand and high office vacancy rates.
Homebuyers Forum Claims RERA Act Falls Short of Objectives, Urges Consumer Affairs Ministry for Action
A forum representing homebuyers in Maharashtra claims that the Real Estate (Regulation and Development) Act, 2016, has failed to meet its objectives. The forum is now urging the Union Consumer Affairs Ministry to issue specific guidelines to protect consu
Ahmedabad Shines with Top Rental Yields in India
Ahmedabad leads the pack with the highest rental yields in India, clocking in at 3.9%, according to a recent report by Magicbricks. Other cities like Hyderabad, Kolkata, and Pune are also seeing significant increases in rental returns.
Incuspaze Expands with Major Leasing Deal in Gurugram's Thriving Real Estate Market
Incuspaze, a prominent player in the commercial real estate sector, has announced a significant leasing deal in Gurugram, marking a major expansion in one of India’s most booming real estate markets. This move underscores the growing demand for quality of