Javed Akhtar, the renowned Indian poet and lyricist, made a significant investment in Mumbai real estate by purchasing a 4,000 sq ft bungalow on Bandra Bandstand for Rs 5 lakh in the 1970s. This acquisition has become a fascinating tale in the city's real estate history.
Javed AkhtarMumbai Real EstateBandra BandstandProperty InvestmentReal Estate HistoryReal Estate NewsMay 13, 2025
Javed Akhtar paid Rs 5 lakh for the 4,000 sq ft bungalow on Bandra Bandstand in the 1970s.
The current value of the bungalow on Bandra Bandstand has appreciated significantly and would likely fetch crores of rupees today.
The purchase is considered unique because it was made with just a handshake and a promise, a practice that is rare in today's highly regulated real estate market.
Bandra Bandstand is one of the premier and most affluent neighborhoods in Mumbai, known for its prime location and growing desirability.
The real estate market in Mumbai has seen exponential growth since the 1970s, with properties in areas like Bandra becoming much more expensive and desirable.
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