Vinay Thakkar Sells Luxury Flat in Andheri West for ₹52.48 Crore, Achieves 87% Return
Vinay Thakkar, son of Angel One founder Dinesh Thakkar, has sold a luxury apartment in Mumbai’s Andheri West for ₹52.48 crore, achieving an 86.7% return in just over two years.
Mumbai Real EstateLuxury ApartmentsAndheri WestAngel OneHighnetworth IndividualsReal Estate MumbaiAug 01, 2025
Angel One is one of the leading financial services companies in the country. The transaction took place in the posh Atlantis building, a high-rise luxury development known for its premium amenities and proximity to key business districts. Thakkar purchased the apartment on the 25th floor in March 2023 for ₹28.11 crore. The sale to buyer Manoj Shyam Sundar Khaitan reflects a total return of 86.7% over 2.25 years, translating to a compounded annual growth rate (CAGR) of 29.4%, as reported by Zapkey.
The apartment sprawls a RERA carpet area of 3,891 sq ft, along with a 409 sq ft balcony and four car parking spaces. At a selling price of ₹52.48 crore, the transaction reflects a carpet rate of approximately ₹1.4 lakh per sq ft, placing it among the top-tier residential deals in the area. The document accessed by Zapkey showed that the deal highlights the potential of luxury residential real estate in Mumbai, especially in western suburbs like Andheri, where premium developments continue to attract high-net-worth individuals and seasoned investors.
Atlantis, located in Andheri West, is known for its premium amenities and strategic location, making it one of the most sought-after addresses in the Mumbai suburbs. The building offers residents access to high-end facilities and is situated near key business districts, enhancing its appeal to affluent buyers.
This deal is not an isolated incident; in 2025, four Bollywood celebrities—Amitabh Bachchan, Akshay Kumar, Sonakshi Sinha, and Subhash Ghai—sold their Mumbai flats for a combined value of ₹122 crore. According to real estate experts, the cumulative value appreciation for these four deals is 118% after they invested in them for up to nine years.
While the average appreciation is between 47% and 174%, experts advise individuals to factor in expenses related to taxation, recurring expenses while purchasing and selling, and ongoing expenses while remaining invested. These include GST of 5% on under-construction properties, stamp duty, registration charges, property tax, tax on rental income (if applicable), maintenance costs, and other ongoing costs such as club memberships, depending on the projects.
Investing in key areas offers higher potential returns over the mid-to-long-term horizon but depends on several factors. High-net-worth individuals and seasoned investors are increasingly recognizing the potential of luxury residential real estate in Mumbai, particularly in areas like Andheri West, where premium developments continue to attract significant interest.
Frequently Asked Questions
What is the significance of the luxury apartment sale in Andheri West?
The sale of the luxury apartment by Vinay Thakkar highlights the strong potential of luxury residential real estate in Mumbai, particularly in western suburbs like Andheri West, where premium developments attract high-net-worth individuals and seasoned investors.
How much did Vinay Thakkar earn from the sale?
Vinay Thakkar sold the luxury apartment for ₹52.48 crore, achieving an 86.7% return in just over two years, with a carpet area priced at approximately ₹1.4 lakh per sq ft.
What are the key features of the Atlantis building?
The Atlantis building in Andheri West is known for its premium amenities, strategic location, and high-end facilities. It is one of the most sought-after addresses in the Mumbai suburbs, offering residents access to key business districts.
How do recurring expenses factor into property investment in Mumbai?
Recurring expenses such as property tax, tax on rental income, maintenance costs, and club memberships can significantly impact the overall profitability of property investments in Mumbai. Investors need to factor these expenses into their financial planning.
Why are high-net-worth individuals and Bollywood celebrities selling their properties in Mumbai?
High-net-worth individuals and Bollywood celebrities are selling their properties in Mumbai due to the strong value appreciation in the real estate market, particularly in luxury residential areas. These sales often reflect significant returns on their investments.
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