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Merlin Group Acquires 3.3-acre land near Pune’s Koregaon Park for Rs 273 crore

Merlin Group Acquires 3.3-acre land near Pune’s Koregaon Park for Rs 273 crore

Merlin Group has acquired a 3.26-acre land parcel in Mundhwa, near Koregaon Park in Pune, for ₹273 crore. The deal strengthens the developer’s presence in western India and signals its growing focus on commercial real estate in high-demand micro-markets.

The transaction was registered on February 20. The buyer paid a stamp duty of ₹19.11 crore, according to documents accessed via CRE Matrix.

Office-Led Commercial Project with ₹1,000 Crore Investment

Merlin Prime Spaces, a subsidiary of the Kolkata-based developer, will develop an office-led commercial project on the site. The company plans to invest over ₹1,000 crore in total, including the land cost. Out of this, nearly ₹800 crore will go toward construction, development, and associated project expenses. The project is expected to have a commercial value of around ₹3,000 crore upon completion, owing to strong tenant demand and the prominence of the location

While exact designs are still being worked out, Merlin Group has stated that the site would be used to build a large-format commercial project. According to industry opinion and market sources, the development is intended to address:

  • Office occupiers
  • BFSI businesses (Banking, Financial Services, and Insurance)
  • Global Capability Centers (GCC)

With this focus, the project is projected to capitalize on Pune’s growing office leasing demand and appeal to corporations seeking superior workspace options.

Strengthening Presence in Pune

Merlin Group entered Pune in 2021 and has steadily expanded its footprint in the city. The company is currently developing three projects across segments.

These include one commercial project, one mixed-use development, and one premium residential project. Together, they account for nearly 1 million sq ft of development.

The developer also plans to launch another commercial project in Baner. At the same time, it is evaluating opportunities in Navi Mumbai to strengthen its western India portfolio.

Why Mundhwa–Koregaon Park Is Attracting Developers

The Joregaon–Mundhwa belt has seen rising developer interest in recent years. Its proximity to established employment hubs such as Kharadi, Magarpatta, and Hadapsar continues to drive both commercial and residential demand.

Improved connectivity and expanding social infrastructure have further enhanced the micro-market’s appeal. Organised developers are actively acquiring land here to replenish their pipelines.

Large-scale transactions in this corridor often signal upcoming commercial or mixed-use projects. Steady land deals in Pune reflect sustained developer confidence in the city’s long-term growth trajectory.

Recent Land Transactions in Pune

Recent land transactions in Pune reflect steady developer confidence across key micro-markets. Acquisitions in established and emerging corridors signal plans for residential, commercial, and mixed-use projects. Strong end-user demand, improving infrastructure, and employment growth continue to drive strategic land buying activity in the city.

In a recent transaction, Pristine Landmark Spaces LLP signed a deal to acquire a large 4.2-acre land parcel in Vadgaon Sheri for ₹250 crore.

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Gurugram’s Ultra-Luxury Housing Market Hits Record High in CY 2025

Gurugram’s Ultra-Luxury Housing Market Hits Record High in CY 2025

Gurugram has firmly established itself as India’s most dynamic ultra-luxury residential market in 2025. According to the Gurugram High-End Luxury Housing Report – CY 2025 by CRE Matrix in collaboration with India Sotheby’s International Realty, the city recorded an unprecedented ₹24,120 crore in luxury home sales during the calendar year.

This marks the highest-ever annual transaction value for homes priced at ₹10 crore and above in Gurugram — and the strongest performance by any city in this ultra-premium segment.

₹24,120 Crore in Sales: A Landmark Year

In CY 2025:

  • 1,494 luxury homes (₹10 Cr+) were sold.
  • Average ticket size stood at ₹16 crore.
  • Average home size was approximately 5,000 sq. ft.

The ultra-luxury segment captured 24% market share (by value). The surge represents nearly a 10-fold jump in volumes since CY 2023, when just 155 units were sold in this price bracket.

The total transaction value grew dramatically from ₹4,004 crore in CY 2023 to ₹24,120 crore in CY 2025, reflecting strong wealth creation, rising investor confidence, and sustained appetite among HNIs and ultra-HNIs.

Gurugram Outpaces Mumbai in Luxury Sales

While Mumbai has traditionally dominated India’s premium housing landscape, CY 2025 saw Gurugram surpass Mumbai in total transaction value for homes priced above ₹10 crore.

This shift signals a structural change in India’s luxury housing geography, positioning Gurugram as the fastest-growing high-end residential engine among Tier 1 cities.

Other major markets such as Noida & Greater Noida, Hyderabad, and Bengaluru have shown growth, but none matched Gurugram’s scale and acceleration in the ₹10 crore+ category.

The Inflection Point: CY 2024 to CY 2025

CY 2024 marked a decisive turning point for Gurugram’s ultra-luxury housing market, as unit sales surged to 519 and transaction value climbed to ₹13,384 crore, setting the stage for an even stronger 2025. In CY 2025, volumes nearly tripled to 1,494 units, reflecting extraordinary demand momentum in the ₹10 crore and above segment. 

This sharp acceleration highlights robust capital inflows, a rapidly expanding HNI and ultra-HNI base, greater regulatory transparency under RERA, and improved construction quality across premium developments. At the same time, buyers are increasingly gravitating toward branded, amenity-rich residences in prime micro-markets. Record IPO activity in India during 2025 further strengthened this momentum, creating a new wave of founders and entrepreneurs entering the luxury housing space and reinforcing Gurugram’s position as a leading ultra-premium residential hub.

Rise of ₹20 Cr and ₹40 Cr+ Homes

The data reveals growing depth in demand across higher price brackets within Gurugram’s ultra-luxury segment. Homes priced between ₹10–20 crore contributed over 80% of total units sold in CY 2025, forming the backbone of the market’s expansion.

At the same time, the ₹20–40 crore segment expanded sharply, rising from just 31 units in CY 2022 to 148 units in CY 2025. Even the ₹40 crore+ category witnessed steady growth, reflecting a clear appetite for ultra-exclusive residences.

This evolution signals a maturing buyer profile—one that prioritises prime locations, superior construction quality, branded developments, and lifestyle amenities over mere scale.

Dwarka Expressway: The Breakout Luxury Corridor

Among all micro-markets, Dwarka Expressway emerged as the undisputed leader in CY 2025. Units sold surged dramatically from 21 in CY 2024 to 630 in CY 2025, while transaction value skyrocketed from ₹383 crore to ₹8,347 crore. Weighted average prices also climbed from ₹23,622 per sq ft to ₹26,756 per sq ft, reflecting both rising volumes and price appreciation.

Large-scale luxury launches and the completion of key infrastructure transformed the corridor into Gurugram’s most active ultra-luxury hub. Projects such as Elan The Emperor, Whiteland Westin Residences, M3M Elie Saab, and Delphine Central Park Estates played a pivotal role in driving this momentum.

Golf Course Road: Premium but Inventory-Constrained

Golf Course Road continues to command the highest ticket sizes in the city and remains synonymous with established luxury living. However, total sales value declined 28% year-on-year in CY 2025, largely due to limited fresh inventory rather than any softening in demand.

The micro-market remains home to marquee developments such as DLF The Dahlias, DLF The Camellias, and Godrej Astra, reinforcing its position as Gurugram’s most prestigious address.

Golf Course Extension Road: Premiumisation in Action

Golf Course Extension Road recorded a remarkable 379% rise in transaction value, increasing from ₹693 crore to ₹3,319 crore year-on-year. Weighted average prices jumped sharply from ₹24,855 per sq ft to ₹37,899 per sq ft, highlighting strong premiumisation and the success of upscale project launches.

Developments such as Experion One 42, M3M Altitude, and Trump Towers Gurugram contributed significantly to this growth, positioning the corridor as one of the fastest-emerging luxury destinations in the city.

Bigger Homes, Bigger Aspirations

Luxury buyers in 2025 are clearly prioritising space and lifestyle. Homes sized between 4,000–6,000 sq. ft. dominated the market with 1,029 units sold, accounting for 54% of total value share, while residences above 8,000 sq. ft. contributed 22% by value. With an average home size of nearly 5,000 sq. ft., the data reflects a structural shift toward spacious, experience-driven living.

What’s Driving the Boom?

Rapid wealth creation, IPO-led liquidity, strong developer balance sheets, regulatory transparency under RERA, rising investments from global Indians, and major infrastructure upgrades power the surge. Together, these factors have transformed Gurugram from a satellite corporate hub into a globally aligned luxury residential destination.

CY 2025 stands out as a watershed year for Gurugram’s ultra-luxury housing segment. With record-breaking volumes, rising ticket sizes, expanding micro-markets, and strong capital formation, the city has cemented its position as India’s epicenter for ₹10 crore+ residences.

If current momentum sustains, Gurugram’s luxury real estate market is poised not just for cyclical growth — but for long-term structural expansion.

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Suryakumar Yadav’s Wife Devisha Shetty Buys ₹7.18 Crore Apartment in Chembur

Suryakumar Yadav wife buys flat in Chembur

Devisha Shetty, wife of Indian cricketer Suryakumar Yadav, has added a premium Mumbai property to her portfolio with the purchase of a luxury apartment in Chembur. Property registration documents reviewed by CRE Matrix show that she acquired the apartment for ₹7.18 crore. The transaction was officially registered on February 20, 2026.

Deal Details and Possession Timeline

The apartment is located in Godrej Sky Terraces, a premium residential project in Chembur. The project is developed by Godrej Properties Limited and offers modern amenities and upscale living. The unit spans 140.86 square metres and comes with two car parking spaces. The deal attracted a stamp duty payment of ₹35.90 lakh. As per the agreement for sale, possession of the apartment is scheduled for June 30, 2028.

Celebrity Interest in Mumbai Real Estate

Mumbai’s premium residential market continues to attract celebrities and high-net-worth buyers. Chembur is emerging as a key luxury micro-market, driven by improving connectivity and premium developments. Projects like Godrej Sky Terraces offer lifestyle upgrades along with long-term value, adding to the growing list of high-value residential transactions in the city.

Adding to celebrity real estate activity, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore. In a separate transaction, television actor Tejasswi Prakash purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore.

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Lodha Developers Limited Signs ₹364.81 Crore JDA for Parel–Sewri Land Parcels

Lodha Developers Signs ₹364.81 Crore JDA for 10-Acre Parel–Sewri Redevelopment Project

Mumbai’s redevelopment story continues to gather pace. Lodha Developers Limited has signed a ₹364.81 Crore joint development agreement (JDA) for over 10 acres of land in the Parel–Sewri belt of central Mumbai.

Sahana Properties and Resorts Pvt Ltd and Shahana Builders and Developers Pvt Ltd, both part of the Sahana Group, executed the agreement with Lodha Developers. The parties registered the transaction on February 11, 2026. Lodha Developers paid ₹37.2 crore in stamp duty, according to property registration documents accessed by CRE Matrix.

Project Details and Revenue Share

The total land parcel measures 41,526 square metres. The land parcels covered under the joint development are located on Thackeray Jivraj Cross Road in the Parel–Sewri belt. The project will be developed under the Lodha brand.

Under the terms of the JDA, revenue will be shared between the partners. Lodha Developers will hold a 67 per cent share, while the Sahana Group will receive 37 per cent. The construction timeline for the project is five years.

The deal structure reflects a capital-efficient expansion strategy. Instead of outright land acquisition, joint development allows developers to unlock value while sharing risk and returns with landowners.

Parel–Sewri: A Key Redevelopment Corridor

The Parel–Sewri micro-market has emerged as a major redevelopment hub in central Mumbai. Once dominated by industrial land and aging structures, the belt is now transforming into a mixed-use residential and commercial destination.

Improved connectivity, proximity to South Mumbai, and ongoing infrastructure upgrades have significantly increased the area’s appeal. As a result, demand has strengthened in this micro-market. Moreover, large land parcels are rare in Mumbai, making a 10-acre aggregation in this location a strong signal of long-term development potential.

At the same time, three key factors continue to drive redevelopment in central Mumbai: limited greenfield supply, strong end-user demand, and infrastructure-led value appreciation. Consequently, as landowners and developers replace older buildings and defunct industrial plots, they are actively launching premium housing projects and integrated lifestyle developments to meet evolving buyer expectations.

The Bigger Redevelopment Story

Mumbai’s growth is no longer about horizontal expansion. It is about vertical transformation. Central neighbourhoods like Parel and Sewri are being reimagined through structured redevelopment and planned projects.

Large JDAs such as this underline how developers are securing strategic land parcels without heavy upfront acquisition costs. At the same time, landowners participate in future upside.

As infrastructure upgrades advance and redevelopment accelerates, developers will continue to add sustained residential supply across central Mumbai. The key question will be absorption. If demand momentum holds, projects in well-connected micro-markets are likely to remain resilient.

This 10-acre deal adds another chapter to Mumbai’s evolving redevelopment landscape.

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Tejasswi Prakash Buys ₹7.63 Crore Luxury Apartment in Bandra West

Tejasswi Prakash buys ₹7.63 crore home in Bandra West (2)

Television actor Tejasswi Prakash has purchased a premium apartment in Mumbai’s upscale Bandra West locality for ₹7.63 crore, according to property registration documents accessed by CRE Matrix.

The transaction adds to the steady stream of celebrity investments in Mumbai’s high-value residential market. Many of these investments focus on prime micro-markets known for exclusivity and long-term appreciation potential.

Property Details: Bay Heights, Bandra Reclamation

The apartment is located in Bay Heights on Krishna Chandra Marg in Bandra Reclamation. It is one of the most sought-after residential pockets in Mumbai. The project has been developed by Excel Enterprises India Private Limited.

The apartment measures 121.14 sq metres (approximately 1,304 sq ft) and comes with two dedicated car parking spaces. The transaction was officially registered on February 16, 2026.

The actor paid ₹38.15 lakh in stamp duty. As per the agreement, the developer will hand over possession on November 29, 2030.

Bandra West: A Celebrity Favourite

Bandra West continues to be a magnet for high-net-worth individuals, business leaders, and film and television personalities. Its appeal lies in a combination of strategic location and lifestyle advantages—proximity to key business districts, premium sea-facing developments, upscale retail, dining hubs, and established social infrastructure.

Over the years, Bandra has maintained strong capital values despite broader market fluctuations, making it a preferred destination for end-users and investors alike. The locality’s limited land availability and consistent demand have contributed to sustained price resilience.

A Look at Tejasswi Prakash’s Career

Tejasswi Prakash, also known as Tejasswi Prakash Wayangankar, is a prominent face in Hindi television and Marathi cinema. She is the recipient of prestigious industry honours, including the Indian Television Academy Award and the Indian Telly Award. Her growing popularity and consistent on-screen presence reflect her strong standing in the entertainment industry.

Recent Transactions

This acquisition reflects a larger trend in Mumbai’s luxury housing market, where buyers continue to invest in premium homes despite high property prices. Celebrity deals such as this draw significant attention, shape market sentiment, and strengthen confidence in prime micro-markets. With constrained supply and consistent demand, these neighbourhoods remain a preferred choice for celebrities and long-term investors.

In another notable deal, Bollywood actor Ishaan Khattar acquired a luxury apartment in Pali Hill, Bandra, for ₹29.37 crore.

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Navi Mumbai: MMR’s Next Core Commercial Hub

Navi Mumbai MMR’s Next Core Commercial Hub (2)

Navi Mumbai is rapidly evolving from a satellite city into a key growth engine within the Mumbai Metropolitan Region (MMR). According to CRE Matrix’s latest report, Navi Mumbai Rising: A Comprehensive Perspective on India’s Next Commercial Real Estate Hub, this transformation is being fueled by strong occupier demand, a growing supply of Grade A and A+ office spaces, ESG-compliant developments, enhanced connectivity, and large-scale infrastructure expansion.

From Satellite City to Core Office Market

The report highlights that Navi Mumbai is increasingly being positioned as a core office and employment destination, supported by a strong social and talent ecosystem. A robust education network ensures a scalable talent pipeline, while improved liveability helps employers attract and retain skilled professionals.

Residential expansion, retail growth, and a growing concentration of data centres further strengthen Navi Mumbai’s ability to function as a comprehensive business hub.

Infrastructure Catalysts Driving Growth

Navi Mumbai’s commercial ascent is being propelled by major infrastructure projects under the Mumbai 3.0 initiatives. Key developments include:

  • Navi Mumbai International Airport
  • Jawaharlal Nehru Port Trust (JNPT)
  • Metro corridors and the Katai Naka Tunnel
  • Atal Setu connectivity

These projects are reducing commute times and integrating Navi Mumbai more closely with Mumbai’s core economy, creating a seamless growth corridor.

Abhishek Kiran Gupta, CEO & Co-founder of CRE Matrix, stated that the next phase of commercial real estate growth in the MMR will be driven by Navi Mumbai, anchored on three key pillars—GCCs, green buildings, and gigawatts—positioning it as a large-scale institutional-grade business destination.

He highlighted that the city’s growth is strongly backed by data, including a 21% rental advantage attracting global capability centres, 23.5 msf of green building development, 628 MW of live IT load across 7.5 msf of data centres, and a robust 3,400+ MW upcoming data centre pipeline.

Residential and Ecosystem-Led Growth

Beyond offices, Navi Mumbai’s expansion is increasingly ecosystem-driven. From 2020 to 2025, the city recorded 13,205 housing units sold and 24,163 units supplied, with premium and luxury segments dominating sales. Over half of the homes sold exceeded 700 sq ft, indicating workforce stability and aspirational demand.

Cost Advantage and Green Office Stock

Navi Mumbai offers a cost-competitive office market, with rents approximately 21% lower than Tier-1 city averages, attracting multinational companies and global capability centres. Office rents have grown at a steady 5.1% annually over the past three years, signaling sustainable growth.

Around 72% of the Grade A/A+ office stock is green-certified, among the highest in India, with North Navi Mumbai leading the under-construction green office pipeline.

Emerging Data Centre Hub

The city is also emerging as a major data centre hub, with:

  • 628 MW operational IT load across 7.5 million sq ft of data centre space
  • Ranking third in Asia by operational IT load
  • Projected to reach 3,400+ MW by 2035, positioning Navi Mumbai as Asia’s next data centre capital

Notably, about 77% of operational capacity is occupier-owned, highlighting strong institutional interest.

Liveability and Demographics

Navi Mumbai’s appeal is further enhanced by:

  • 41% lower congestion compared to Mumbai
  • Better air quality and less crowded public transport
  • Housing costs are 20–30% lower than in the core Mumbai regions
  • Predominantly middle-income population, supporting stable consumption and workforce

Large-Scale Infrastructure Investment

Infrastructure investment continues to drive growth:

  • Rs 80,000 crore invested in transformational projects like the Navi Mumbai International Airport, expected to generate 50,000+ jobs
  • Rs 95,000 crore invested in roads across 200 km of upcoming corridors

With robust infrastructure, a skilled talent pool, cost advantages, and a growing green and digital footprint, Navi Mumbai is moving from potential to performance. It is rapidly becoming the preferred destination for office leasing, large-scale investments, and the next core commercial hub of the Mumbai Metropolitan Region.

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Reliance Industries Limited Buys Three Luxury Homes at One Altamount Road for ₹85 Crore

Reliance Industries One Altamount Road purchase

In a significant luxury real estate transaction in South Mumbai, Reliance Industries Limited has purchased three residential units at One Altamount Road for ₹85 crore, according to property registration documents accessed by CRE Matrix.

Deal Details

The company acquired three units with a combined carpet area of around 3,162 sq ft, including a primary apartment measuring approximately 2,004.8 sq ft and two additional units of about 578.67 sq ft each. India Best Buy Private Limited sold the properties. The deal was registered on February 10, 2026, and Reliance Industries Limited paid nearly ₹5.10 crore in stamp duty, according to official documents.

A Premium South Mumbai Address

One Altamount Road stands in the prestigious Altamount Road–Cumballa Hill belt. The location ranks among Mumbai’s most exclusive residential zones. It attracts industrialists, business families, and ultra-high-net-worth buyers seeking prime city addresses.

Corporate Demand Remains Strong

This acquisition highlights sustained corporate interest in South Mumbai’s luxury housing market. Large companies and high-net-worth individuals continue to invest in prime assets despite high property prices and significant transaction costs.

The deal reinforces confidence in Mumbai’s top-tier residential micro-markets, where demand remains resilient for trophy properties.

Recent Transactions

Mumbai’s luxury real estate market has witnessed a steady surge in high-value transactions, with corporates, industrialists, and high-net-worth individuals acquiring premium homes in prime locations. Despite elevated prices, demand for exclusive addresses in South Mumbai continues to remain resilient.

In a recent transaction, Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, purchased a premium apartment in Worli for Rs 123.5 crore. In another transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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Pristine Landmark Acquires Strategic Land Parcel in Pune’s Vadgaon Sheri

Pristine Landmark Pune land deal

Pune’s land market is heating up once again, with developers stepping up land acquisitions in high-growth micro-markets. According to documents accessed by CRE Matrix, Pristine Landmark Spaces LLP has signed a deal to acquire a large 4.2-acre land parcel in Vadgaon Sheri for ₹250 crore. The transaction reflects growing developer confidence in locations backed by office demand, infrastructure connectivity, and steady residential absorption.

Key Deal Highlights

Pristine Landmark Spaces LLP has signed an agreement to acquire a 4.2-acre land parcel in Pune’s Vadgaon Sheri for ₹250 crore. The agreement was registered on February 4, with stamp duty of ₹17.5 crore paid on the transaction. Kumar City Co-operative Housing Society Ltd. is the seller in the deal.

Strategic Impact of the Acquisition

The land acquisition strengthens Pristine Landmark’s presence in Pune. It supports long-term development plans in the city. Vadgaon Sheri offers access to major employment hubs. The location also provides proximity to the airport and key business districts. Such areas continue to attract developer interest. The deal reflects a focused and future-ready growth strategy.

Why Vadgaon Sheri Remains a Key Micro Market

Vadgaon Sheri has evolved into a well-established residential zone in East Pune. It benefits from direct access to Nagar Road and nearby commercial districts. The area is close to major IT and business hubs. Social infrastructure has also improved over time. Schools, healthcare, and retail options are easily accessible. These factors continue to support steady residential demand. Developers see long-term value in this micro market.

Pune Real Estate Market Outlook

Pune continues to stand out as a stable and high-performing real estate market. Demand remains driven by strong employment growth. The city has a deep base of IT and manufacturing companies. Infrastructure upgrades are improving connectivity across key corridors. Homebuyers continue to show long-term confidence. Developers are actively securing land in prime locations. These trends point toward sustained and balanced growth for the city.

Recent Transactions

Recent land deals in Pune point to a clear shift in developer strategy. With demand holding firm and supply staying disciplined, builders are actively securing large parcels across key growth corridors, signalling confidence in the city’s long-term residential and mixed-use development prospects.

In a recent transaction, Mumbai-based real estate major K Raheja Corp, through its subsidiary KRC Queens Pvt Ltd, purchased a 7.43-acre land parcel in Mahalunge near Pune’s thriving Hinjewadi IT hub.

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Bollywood Actor Ishaan Khattar Buys ₹29.37 Cr Luxury Home in Mumbai’s Pali Hill

Ishaan Khattar Buys ₹29.37 Cr Luxury Apartment in Pali Hill

Mumbai’s luxury housing market has recorded another celebrity transaction. Bollywood actor Ishaan Khattar has purchased a premium apartment in Pali Hill, Bandra, for ₹29.37 crore. Property registration documents accessed by CRE Matrix confirm the deal. The transaction once again underlines Pali Hill’s position as one of Mumbai’s most sought-after luxury residential micro-markets.

Deal Snapshot: Key Details

Ishaan Khattar has acquired a luxury apartment at Navroz Apartments in Bandra’s prime Pali Hill neighbourhood, under the Navroze Premises Co-operative Society. Kapil M Mahtani sold the property, and the transaction was registered on February 5, 2026. The apartment measures 2,989.05 sq ft in carpet area and comes with four parking spaces. As per the documents, Khattar paid ₹1.76 crore as stamp duty for the transaction.

Why Pali Hill Attracts Bollywood Stars

Pali Hill remains one of Mumbai’s most prestigious residential addresses. The neighbourhood continues to attract celebrities, business leaders, and high-net-worth individuals seeking exclusivity and privacy. Luxury apartments in this micro-market command premium pricing, with rates ranging between ₹80,000 and ₹1.30 lakh per sq ft. Limited supply and sustained demand keep values firm across market cycles.

Bandra’s strategic location adds to its appeal for the film fraternity. Pali Hill offers convenient access to major film production hubs in Andheri, Versova, Juhu, and Goregaon Film City. This proximity reduces commute time for actors and production teams and enhances lifestyle convenience. The location advantage continues to make Bandra a preferred residential base for Bollywood professionals.

Pali Hill’s Star-Studded Resident List

For decades, Pali Hill has served as Bollywood’s most recognisable celebrity enclave. Several leading film personalities own homes in the area, reinforcing its premium brand value. Notable residents include Shah Rukh Khan, Aamir Khan, Ranbir Kapoor, Alia Bhatt, Dilip Kumar, Jackie Shroff, and Sanjay Dutt. The concentration of high-profile residents sustains the locality’s aspirational appeal.

Recent Transactions

Mumbai’s luxury housing segment continues to record high-value buying and selling activity. Recent transactions show sustained appetite for prime assets, even as some owners monetise long-held properties. Celebrity deals, in particular, reflect confidence in premium micro-markets and reinforce their pricing power.

In a recent transaction, Bollywood actress Madhuri Dixit Nene and her husband, Dr. Shriram Madhav Nene, sold their luxury apartment in Mumbai’s premium Juhu locality for ₹3.9 crore. In another transaction, popular comedian Bharti Singh has sold her apartment in Mumbai’s Goregaon West for ₹3.75 crore.

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Suzlon Vice Chairman Girish Tanti’s Wife Buys Rs 123.5 Crore Luxury Home in Worli

Suzlon Vice Chairman Girish Tanti's Wife Buys Rs 123.5 Crore Luxury Home in Worli

Mumbai’s ultra-luxury home market continues to experience historic transactions, indicating strong demand at the upper end. Radha Tanti, angel investor and wife of Suzlon Energy executive vice chairman Girish Tanti, has purchased a premium apartment in Worli for Rs 123.5 crore, according to property documents accessed by CRE Matrix. The acquisition demonstrates the area’s popularity among business families and wealthy investors. It further strengthens Worli’s reputation as one of Mumbai’s most desirable premium residential areas.

Property Overview and Transaction Details

The Rs. 123.5 crore transaction includes a premium apartment on the 44th functional floor of Artesia, a super-luxury residential skyscraper near the Doordarshan Centre in Worli. The apartment has an RERA carpet area of roughly 6,772.28 sq ft. It also includes 367.05 sq ft of balcony or open terrace space, making it one of the biggest properties in the development. The seller of the property is K Raheja Corp’s Ravi Raheja and Sumati Raheja. A stamp duty of about Rs 6.18 crore was paid for registration.

Worli’s Growth as a Luxury Residential Hotspot

Worli continues to attract ultra-high-net-worth individuals because of its central location and improved connectivity, aided by infrastructure developments like the Bandra-Worli Sea Link and the coastal road, which improve access to key commercial hubs such as Lower Parel and BKC.

What This Deal Signals for Mumbai Luxury Housing

The luxury housing segment in Mumbai continues to show stable demand trends. Large-format homes in prime locations remain in limited supply. Buyers with strong balance sheets continue to prefer tangible assets. This combination supports steady demand at the top end of the market. Buyers remain selective, but premium homes in strategic locations continue to close high-value deals.

In a recent transaction, a US-based Non-Resident Indian (NRI) purchased two sea-facing luxury apartments in Bandra West, Mumbai, for a staggering ₹56 crore.

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