Pankaj Tripathi and Family Acquire Two Luxurious Apartments in Mumbai for Rs 10.85 Crore
Pankaj Tripathi, his wife Mridula Tripathi, and their daughter Aashi Tripathi have made significant real estate investments in Mumbai, purchasing two apartments worth Rs 10.85 crore. The deals come at a time when Mumbai's property market is experiencing unprecedented growth.
Pankaj TripathiMumbai Real EstateProperty InvestmentsLuxury ApartmentsReal Estate MarketReal Estate MumbaiSep 30, 2025
The first apartment, bought by Pankaj Tripathi and his daughter Aashi Tripathi for Rs 9.98 crore, is located in Andheri West, Mumbai. The property has a RERA carpet area of 188.22 sq. m. (approximately 2,026 sq. ft.) and a balcony area of 32.14 sq. m. The deal, which was registered in July this year, includes three car parking spaces. The transaction incurred a stamp duty payment of Rs 59.89 lakh and registration charges of Rs 30,000.
The city's real estate market recorded its best-ever performance in the first half of 2025, according to ANAROCK Research. Fresh data from the Maharashtra State Revenue Department shows that property registrations in the city reached a historic high of 75,672 units between January and June 2025, marking a 4% year-on-year (YoY) growth over the same period last year.
Another apartment, purchased by Mridula Tripathi and their daughter Aashi Tripathi for Rs 87 lakh, is located in Kandivali West, Mumbai. The property has a RERA carpet area of 39.48 sq. m. (approximately 424.95 sq. ft.). The deal incurred a stamp duty payment of Rs 4.35 lakh and registration charges of Rs 30,000. The transaction was registered in September 2025.
The equity market has struggled to deliver positive returns over the past year, leading many investors to diversify their portfolios into other asset classes like debt, gold, and real estate. The real estate sector in India has shown robust growth recently, proving to be a good diversification strategy for many investors. According to data released by the National Housing Bank (NHB), 45 out of 50 cities in India reported an increase in property prices during the first quarter of 2025-26.
The 50-city Housing Price Index (HPI) recorded an annual increase of 5.7% during the first quarter of the current fiscal year, compared to 6.6% a year ago. Cities like Hyderabad (2.3%), Kolkata (6.8%), Mumbai (5.2%), and Pune (6%) saw an increase in the index on an annual basis, while Delhi's index remained around the same level as in Q1 FY25.
Between January and August, Mumbai recorded 99,869 property deals, generating over Rs 8,854 crore in revenue for the state, as per data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Registrations rose by 3% and revenue increased by 11% year-on-year, surpassing the previous peak of 96,497 deals and Rs 8,000 crore in 2024.
With these acquisitions, the actor and his family join the growing list of high-profile buyers strengthening their foothold in Mumbai's ever-rising property market.
Frequently Asked Questions
What is the total value of the apartments purchased by Pankaj Tripathi and his family?
The total value of the two apartments purchased by Pankaj Tripathi, his wife Mridula Tripathi, and their daughter Aashi Tripathi is Rs 10.85 crore.
Where are the two apartments located?
One apartment is located in Andheri West, and the other is in Kandivali West, both in Mumbai.
How much did the Andheri West apartment cost?
The Andheri West apartment was purchased for Rs 9.98 crore.
What is the RERA carpet area of the Kandivali West apartment?
The RERA carpet area of the Kandivali West apartment is 39.48 sq. m. (approximately 424.95 sq. ft.).
How has Mumbai's real estate market performed in the first half of 2025?
Mumbai's real estate market recorded its best-ever performance in the first half of 2025, with property registrations reaching a historic high of 75,672 units, marking a 4% year-on-year growth.
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