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Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxurious 4 BHK apartment in the 81 Aureate project, located in Bandra West, Mumbai, for INR 24 crore. The 4,364 sq. ft. apartment features a built-up area of 5,239 sq. ft. and comes with three car parking spaces. The transaction included a stamp duty of INR 1.44 crore and registration charges of INR 30,000. The project has witnessed several transactions, amounting to a total value of INR 76 crore between February 2024 and January 2025. The growing popularity of luxury real estate in Mumbai, especially among Bollywood personalities, is contributing to rising property prices in the area.
Bollywood director Subhash Ghai, along with his wife Mukta Ghai, has made a significant real estate investment in Bandra West, Mumbai. The couple has bought a luxurious 4 BHK apartment in the 81 Aureate project, paying a substantial INR 24 crore for the property. The apartment spans 4,364 sq. ft. (405.42 sq. m.) of carpet area, with a built-up area of 5,239 sq. ft. (486.69 sq. m.), offering ample space for the Ghails. Advertisement
As part of the transaction, a stamp duty fee of INR 1.44 crore and registration charges of INR 30,000 were paid, as confirmed by the Inspector General of Registration (IGR) documents reviewed by Square Yards. The property transaction was officially registered in February 2025. This new acquisition is located in 81 Aureate, an upscale project developed by MJ Shah Group. Situated on a 4.48-acre plot, the complex comprises high-end 4 BHK apartments, along with the added benefit of three car parking spaces per unit.
Between February 2024 and January 2025, a total of eight transactions took place in the 81 Aureate development, resulting in a gross transaction value of INR 76 crore. Currently, the resale price for a 4 BHK apartment in this development averages at INR 51,636 per sq. ft., and rental properties in the area are commanding an average monthly asking rent of INR 8.5 lakh.
In a noteworthy development, actress Sonakshi Sinha recently sold one of her apartments in the same complex for INR 22.50 crore, a significant gain from her initial purchase price of INR 14 crore in March 2020. This reflects an impressive appreciation of 61 percent.
The rising demand for luxury properties in Mumbai is evident in high-value transactions like the one made by Subhash and Mukta Ghai. As urbanisation continues and the city attracts affluent buyers from all over, the real estate market is seeing a boom in prime locations like Bandra West. Developers are increasingly catering to the desires of the rich, with high-end residential projects like 81 Aureate offering spacious apartments in a central location, further driving up property prices in the area.
In Mumbai, real estate transactions involving high-profile personalities, especially from Bollywood, often create a ripple effect on property values. With Subhash Ghai and other celebrities like Sonakshi Sinha purchasing properties in the same development, it is no surprise that demand for these units is on the rise. Celebrity-owned properties tend to increase in value due to the aura of prestige associated with them, and this trend is likely contributing to the premium pricing seen at 81 Aureate.
Real estate has long been viewed as a safe investment for preserving wealth, and high-net-worth individuals are increasingly turning to the sector for stability. With stock markets showing volatility and inflationary pressures mounting, properties in luxury projects like 81 Aureate present a more secure and lucrative option. These purchases are not only reflective of personal preference but also of a broader strategy to hedge against economic uncertainties.
Bandra West has long been a coveted location, but the increasing development of infrastructure in and around the area is also playing a significant role in driving property prices. New roads, improved public transport systems, and the development of commercial spaces have made Bandra an even more attractive destination for affluent buyers. The 81 Aureate project, positioned in this high-demand locale, stands as a testament to how infrastructure improvements directly influence property prices.
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