Neil Nitin Mukesh Invests in Mumbai's Luxury Real Estate Market with Rs 11.35 Crore Apartment
Bollywood actor Neil Nitin Mukesh and his father, veteran playback singer Nitin Mukesh, have purchased a luxury apartment in World One, Lower Parel, for Rs 11.35 crore. This move underscores the growing trend of high-net-worth individuals and celebrities investing in Mumbai's premium real estate market.
Neil Nitin MukeshLuxury Real EstateLower ParelMumbaiBollywood CelebritiesReal EstateOct 13, 2025
The apartment is located in World One, a prestigious development by the Lodha Group in Lower Parel, a well-known residential and commercial district of Mumbai. The property, which has a RERA carpet area of 189.89 sq. m. (around 2,044 sq. ft.), comes with two car parking spaces. As per official filings, 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 the 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
What is the value of the luxury apartment purchased by Neil Nitin Mukesh and his father?
The luxury apartment purchased by Neil Nitin Mukesh and his father is valued at Rs 11.35 crore.
Where is the apartment located?
The apartment is located in World One, a prestigious development by the Lodha Group in Lower Parel, Mumbai.
What additional amenities does the apartment include?
The apartment includes two car parking spaces.
Why is Lower Parel considered a prime micro-market for luxury real estate?
Lower Parel is considered a prime micro-market for luxury real estate due to its proximity to key business hubs like Bandra-Kurla Complex (BKC) and Nariman Point. It is home to upscale residential towers, retail avenues, and office complexes, attracting business leaders, professionals, and film industry personalities.
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 well-appointed homes in established neighborhoods like Lower Parel, Worli, and Bandra.
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