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
WSB Real Estate Raises ₹7 Billion for Affordable Housing Projects
WSB Real Estate has successfully secured ₹7 billion in funding to invest in mid-income and affordable housing projects, aiming to address the growing demand for affordable housing in India.
Piramal Capital Secures Creditor Status in Radius Project's 5.4-Acre Mumbai Land Parcel
The National Company Law Tribunal (NCLT) has ruled in favor of Piramal Capital & Housing Finance, affirming the legality of the charge held on Radius Estate Projects' 5.4-acre land parcel in Mumbai.
Anvitha Real Estate Group Faces Tax Evasion Inquiry in Hyderabad
The income tax investigation unit in Hyderabad has conducted raids at various locations associated with the Anvitha Real Estate Group, suspecting tax evasion. The group is involved in real estate projects in Abu Dhabi, the United States, and Kollur, Hyder
CBI Launches Investigation into Realty Firm for Multi-Crore Bank Fraud
The Central Bureau of Investigation (CBI) has initiated an investigation into a Pune-based real estate firm for a ₹12.67 crore bank fraud. The probe involves allegations of misappropriation of funds and misconduct by a bank official.
Guardians Real Estate Advisory Achieves Over Rs 1000-Cr Sales Boost in MMR and Pune
Guardians Real Estate Advisory has recorded a significant festive sales turnover of Rs 1,019 crore in the Mumbai Metropolitan Region (MMR) and Pune, marking a remarkable achievement in the real estate sector.
Hrithik Roshan Leases His Premium Office Space in Mumbai for Rs 5.62 Lakh Per Month
The Bollywood actor, Hrithik Roshan, has decided to rent out his office space in Mumbai's Lotus Corporate Park, a premium commercial project by Lotus Developers, for Rs 5.62 lakh per month. The sprawling property covers 27.55 acres and is equipped with st