Pankaj Tripathi and Family Invest in Mumbai's Real Estate with Two High-Value Apartments
Acclaimed actor Pankaj Tripathi, his wife Mridula, and their daughter Aashi have made significant investments in Mumbai's real estate market by purchasing two high-value apartments. The deals, totaling Rs 10.85 crore, reflect the robust growth and increasing investor confidence in the city's property sector.
Real EstatePankaj TripathiMumbaiProperty InvestmentHighprofile BuyersReal EstateSep 30, 2025
The first apartment, bought by Pankaj Tripathi along with his daughter Aashi Tripathi for Rs 9.98 crore, is located in Andheri West, Mumbai. It has a RERA carpet area of 188.22 sq. m. (~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 Tripathi's wife, Mridula Tripathi, and their daughter, Aashi Tripathi, for Rs 87 lakh, is located in Kandivali West, Mumbai. It has a RERA carpet area of 39.48 sq. m. (~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 by investing in other asset classes such as debt, gold, and real estate. The real estate sector in India has witnessed robust growth in recent years, proving to be a good way of diversification 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 compared to 6.6% a year ago. Cities like Hyderabad (2.3%), Kolkata (6.8%), Mumbai (5.2%), and Pune (6%) recorded an increase in the index on an annual basis, while Delhi's index remained around the same level as in Q1 FY25, as per the Housing Price Index published by NHB.
Between January and August, Mumbai recorded 99,869 property deals, generating over Rs 8,854 crore for the state, according to data from the Inspector General of Registration (IGR) and Controller of Stamps, Maharashtra. Registrations rose by 3% and revenue by 11% 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 two apartments purchased by Pankaj Tripathi and his family?
The total value of the two apartments purchased by Pankaj Tripathi, his wife Mridula, and their daughter Aashi is Rs 10.85 crore.
Where are the two apartments located?
The first apartment is located in Andheri West, Mumbai, and the second apartment is in Kandivali West, Mumbai.
What is the RERA carpet area of the apartment in Andheri West?
The RERA carpet area of the apartment in Andheri West is 188.22 sq. m. (~2,026 sq. ft.).
How much stamp duty was paid for the apartment in Kandivali West?
The stamp duty paid for the apartment in Kandivali West was Rs 4.35 lakh.
What is the significance of these purchases in the context of Mumbai's real estate market?
These purchases reflect the robust growth and increasing investor confidence in Mumbai's real estate market, which has recorded its best-ever performance in recent years.
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