Sanjay Manjrekar Sells Mumbai Property for a Whopping ₹13.5 Crore
Former cricketer and renowned commentator Sanjay Manjrekar has sold his 2,315 sq ft property in Raheja Imperia, Lower Parel, for a staggering ₹13.5 crore, marking a significant transaction in Mumbai's real estate market.
Mumbai Real EstateLuxury PropertySanjay ManjrekarRaheja ImperiaLower ParelReal Estate MumbaiApr 25, 2025
The sale of Manjrekar's property highlights the ongoing demand for luxury homes in Mumbai, a city known for its vibrant real estate sector. Raheja Imperia, a prestigious residential complex, is a popular choice for affluent individuals and celebrities due to its prime location and premium amenities.
Sanjay Manjrekar, a name synonymous with cricket commentary and analysis, has been a prominent figure in the sports world for decades. His decision to sell this property comes at a time when the real estate market in Mumbai is witnessing a resurgence, with property values on the rise and a strong interest from both domestic and international buyers.
The property in question is located in the heart of Lower Parel, a bustling commercial and residential hub in Mumbai. This area is known for its upscale lifestyle, proximity to major business centers, and access to premium amenities such as world-class dining, shopping, and entertainment options. The sale of Manjrekar's property for ₹13.5 crore underscores the premium value associated with real estate in this area.
Speaking about the sale, Manjrekar expressed his satisfaction with the transaction. 'The decision to sell the property was a well-thought-out one, considering the current market conditions and my personal circumstances. I am grateful for the smooth process and the fair value we received for the property,' he said.
The real estate market in Mumbai has been resilient, despite facing challenges in recent years. The city continues to attract a significant number of high-net-worth individuals and corporate professionals, driving the demand for premium properties. The sale of Manjrekar's property is a clear indicator of the strong market sentiment and the confidence of buyers in the real estate sector.
Raheja Imperia, where Manjrekar's property was located, is a well-known residential complex that offers a perfect blend of luxury and convenience. The complex boasts state-of-the-art facilities, including well-maintained gardens, a clubhouse, and a gym, making it an ideal choice for those seeking a premium living experience.
The transaction also reflects the broader trend of luxury real estate sales in Mumbai, where property values have remained robust despite economic fluctuations. The city's strategic location, robust infrastructure, and vibrant lifestyle continue to make it an attractive destination for property investors and homeowners alike.
In conclusion, the sale of Sanjay Manjrekar's property for ₹13.5 crore in Raheja Imperia, Lower Parel, is a significant milestone in Mumbai's real estate market. It not only highlights the premium value of properties in this area but also underscores the strong market sentiment and the ongoing interest from high-net-worth buyers.
Frequently Asked Questions
What is the value of the property sold by Sanjay Manjrekar?
The property sold by Sanjay Manjrekar was valued at ₹13.5 crore.
Where is the property located?
The property is located in Raheja Imperia, Lower Parel, Mumbai.
What is the size of the property?
The property spans 2,315 square feet.
Why did Sanjay Manjrekar decide to sell the property?
Sanjay Manjrekar decided to sell the property after considering the current market conditions and his personal circumstances.
What amenities does Raheja Imperia offer?
Raheja Imperia offers a range of amenities including well-maintained gardens, a clubhouse, and a gym.
Related News Articles
Technical Issues Hinder Online Tenancy Registrations in Maharashtra
Technical glitches have affected online registration of leave and licence agreements across Maharashtra, causing delays and inconvenience to citizens and real estate agents alike.
MHADA Lottery 2024: 19,000 Affordable Homes for Sale in MMR and Pune at ₹12 Lakh and Above
The Maharashtra Housing and Area Development Authority (MHADA) is set to launch a lottery for 19,000 affordable homes in the Mumbai Metropolitan Region (MMR) and Pune. The homes are priced starting from ₹12 lakh, offering a glimmer of hope for low and mid
Air India Flight from Mumbai to New York Diverted to Delhi Due to Bomb Threat
An Air India flight, bound from Mumbai to New York, was diverted to Delhi on October 14 following a bomb threat received via X (formerly Twitter). All passengers and crew are safe and the situation is under control.
Gurugram Leads Housing Price Surge, Mumbai Lagging Behind
In the last five years, the average price of new housing projects in India’s top 10 cities has surged by 88%, with Gurugram leading the pack at a 160% increase. Mumbai, on the other hand, has seen the lowest rise at 37%. This surge is attributed to massiv
Aadhar Housing Finance Launches IPO with Price Band of Rs 300-315 per Share
Aadhar Housing Finance, a prominent player in the mortgage market, has set the price band for its Initial Public Offering (IPO) at Rs 300-315 per share. The company offers a wide range of mortgage-related loan products, including loans for residential pro
Top 10 Smart Cities in India in 2024
Pune and Ahmedabad are emerging as leading smart cities in India. Kochi combines sustainable growth with industrial development, focusing on smart infrastructure and real estate.