Subhash Ghai’s ₹24 Cr Bandra West Property Purchase
Renowned Bollywood director Subhash Ghai and his wife Mukta have entered the luxury real estate market with a significant purchase in Bandra West, highlighting the area's appeal as a prime residential destination.
Bandra WestLuxury Real EstateSubhash GhaiMj Shah GroupHighnetworth InvestmentsReal Estate NewsFeb 05, 2025
The property, purchased for ₹24 crore, was duly registered in February 2025, capturing the attention of property analysts and market observers alike.
This move underscores the sustained appeal of Bandra as a coveted residential destination for the elite.
The property is located in the prestigious 81 Aureate project, developed by the MJ Shah Group.
The luxurious apartment spans 4,364 square feet of carpet area and 5,239 square feet of built-up space.
In addition to its expansive living quarters, the transaction includes three designated car parking spaces.
A notable aspect of the deal is the stamp duty payment of ₹1.44 crore, along with registration charges of ₹30,000, indicating the premium nature of the property and the rigorous regulatory compliance required for high-value transactions in Mumbai.
Bandra West continues to be a magnet for Bollywood celebrities and business magnates due to its strategic location and upscale ambiance.
Its proximity to the Bandra Kurla Complex (BKC) and seamless connectivity via the Western Express Highway, Bandra-Worli Sea Link, and the international airport, coupled with the promise of an expanding metro network, make it a prime investment destination.
Recent transactions within the locality further reinforce this trend; for instance, actor Sonakshi Sinha’s sale of an apartment in the same project for ₹22.50 crore has set a precedent for high-value real estate dealings in the area.
Ghai’s latest investment is reflective not only of his personal lifestyle preferences but also of the robust confidence that high-net-worth individuals continue to place in Mumbai’s luxury property market.
As the demand for high-end residences in Bandra remains unabated, such transactions are expected to fuel further market dynamism, bolstering investor sentiment in the city’s real estate sector.
The allure of Bandra’s unique blend of cultural vibrancy and modern connectivity is set to inspire further investments in the area, ensuring its status as a premier residential hub for the elite.
MJ Shah Group The MJ Shah Group is a leading real estate developer in Mumbai, known for its commitment to quality and innovation.
The group has successfully delivered several prestigious projects, including the 81 Aureate in Bandra West, which is a testament to their expertise and dedication to creating premium living spaces.
Frequently Asked Questions
How much did Subhash Ghai and Mukta pay for their new apartment in Bandra West?
Subhash Ghai and Mukta paid ₹24 crore for their new apartment in Bandra West.
What is the size of the apartment Subhash Ghai and Mukta purchased?
The apartment spans 4,364 square feet of carpet area and 5,239 square feet of built-up space.
Who developed the 81 Aureate project?
The 81 Aureate project was developed by the MJ Shah Group, a leading real estate developer in Mumbai.
What are the notable amenities included in the purchase of the apartment?
The purchase includes three designated car parking spaces.
What recent high-value real estate transaction in Bandra West set a precedent for the area?
Actor Sonakshi Sinha’s sale of an apartment in the 81 Aureate project for ₹22.50 crore set a precedent for high-value real estate dealings in the area.
Related News Articles
Raymond's Real Estate Demerger: Unlocking Shareholder Value and Growth Opportunities
Raymond announces demerger of real estate business, creating a separate listed entity, Raymond Realty, to unlock shareholder value and drive growth.
Medanta to Enter Mumbai Market with ₹1,200 Crore Super Specialty Hospital
Global Health, operator of Medanta hospitals, is set to build a 500-bed super specialty hospital in Mumbai with an investment of ₹1,200 crore. The project, funded equally by debt and internal accruals, will be completed in 3-4 years.
India's Booming Fractional Ownership Market to Reach $5 Billion by 2030
Mumbai and Delhi NCR emerge as top hotspots for Small and Medium Real Estate Investment Trusts (SM REIT) investment
India's Home Affordability Remains Steady in H1 2024, Says Report
The COVID-19 pandemic has had a lasting impact on India's residential real estate market, leading to improved affordability and sustained demand for homes.
MahaRera's New Mandate: 3 Bank Accounts Per Project for Developers
The Maharashtra Real Estate Regulatory Authority has made it mandatory for developers to open three separate bank accounts for each project, ensuring financial discipline and transparency in the real estate sector.
Gujarat RERA Orders Refund for Two WTC Tower Allottees Over Delayed Construction and Unfulfilled Commitments
In a significant development, the Gujarat Real Estate Authority (GUJRERA) has ordered a Noida-based developer to refund due amounts to two allottees of the World Trade Centre towers at GIFT City, Gandhinagar.