Neil Nitin Mukesh and Father Invest in Mumbai's Luxury Real Estate Market
Bollywood actor Neil Nitin Mukesh and his veteran playback singer father, Nitin Mukesh, have purchased a luxury apartment in Mumbai's Lower Parel for Rs 11.35 crore. The property, located in World One by Lodha Group, reflects the growing interest of high-net-worth individuals in Mumbai's premium housing segment.
Neil Nitin MukeshLuxury Real EstateMumbaiLower ParelHighnetworth IndividualsReal Estate MumbaiOct 13, 2025
The apartment, which has a RERA carpet area of 189.89 sq. m. (around 2,044 sq. ft.), includes two car parking spaces. Official filings indicate that the deal attracted a stamp duty of Rs 68.10 lakh and registration charges of Rs 30,000. Lower Parel has transformed into a prime micro-market for luxury real estate, driven by its proximity to Mumbai's key business hubs such as Bandra-Kurla Complex (BKC) and Nariman Point.
The area is home to upscale residential towers, retail avenues, and office complexes that attract business leaders, professionals, and film industry personalities alike. In recent years, several Bollywood celebrities, including Abhishek Bachchan, Shahid Kapoor, and writer Amish Tripathi, along with former cricketer Zaheer Khan, have invested in properties in this locality, according to data compiled by Square Yards.
In its Q3 2025 residential market update, Knight Frank India reported that Mumbai remained the country's most active housing market, with 24,706 units sold, marking a 2% year-on-year increase, while new launches fell 19% to 19,145 units. Average residential prices in Mumbai rose 7% year-on-year, supported by steady end-user demand and the growing preference for premium apartments.
The premium housing trend is further supported by favorable lending conditions and improving consumer sentiment. With an ease in inflation and home loan rates remaining competitive, affluent buyers are increasingly seeking larger, well-appointed homes in established neighborhoods like Lower Parel, Worli, and Bandra. Industry analysts say that these locations are now the epicenters of Mumbai's luxury real estate activity, with sustained interest from both end-users and investors.
Nitin Mukesh, a renowned playback singer, is best known for his soulful renditions in classic Bollywood films like 'Ram Teri Ganga Maili' and 'Karz.' His career spanning several decades has made him one of the most iconic voices in Indian music, admired for his emotional depth and vocal range. His son, Neil Nitin Mukesh, has also made a mark in the Indian film industry as an actor, continuing the family's artistic legacy. The father-son duo's latest purchase adds them to the growing list of celebrities investing in Mumbai's luxury property market.
Frequently Asked Questions
Where is the luxury apartment located?
The luxury apartment is located in World One by Lodha Group in Lower Parel, Mumbai.
How much did Neil Nitin Mukesh and his father pay for the apartment?
Neil Nitin Mukesh and his father paid Rs 11.35 crore for the apartment.
What is the carpet area of the apartment?
The carpet area of the apartment is 189.89 sq. m. (around 2,044 sq. ft.).
Who are some other Bollywood celebrities who have invested in Lower Parel?
Other Bollywood celebrities who have invested in Lower Parel include Abhishek Bachchan, Shahid Kapoor, and writer Amish Tripathi, along with former cricketer Zaheer Khan.
What factors are driving the premium housing trend in Mumbai?
The premium housing trend in Mumbai is driven by favorable lending conditions, improving consumer sentiment, and the growing preference for larger, well-appointed homes in established neighborhoods like Lower Parel, Worli, and Bandra.
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