Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Former cricketer Sanjay Manjrekar has sold his 2,315 sq ft apartment in Mumbai’s Raheja Imperia, Lower Parel, for INR 13.5 crore, according to property documents reviewed by Zapkey. The April 8 transaction included one parking space and INR 81 lakh in stamp duty. Lower Parel’s evolution into a prime residential and commercial hub continues to attract celebrities and professionals. Manjrekar’s sale reflects broader trends, with recent high-profile purchases by KL Rahul, Suniel Shetty, and Suryakumar Yadav. These transactions highlight strong momentum in Mumbai’s luxury real estate market, supported by strategic moves from both individuals and corporations across India’s property landscape.
Former Indian cricketer and commentator Sanjay Manjrekar has sold his apartment in Lower Parel for INR 13.5 crore, according to property registration documents reviewed by Zapkey. The 2,315 sq ft unit is located in Raheja Imperia, a high-rise residential tower in one of the city's prominent commercial and residential hubs. The transaction, registered on April 8, includes one car parking space and involves a stamp duty payment of INR 81 lakh. Advertisement
Lower Parel has transformed over the years from a mill land zone into a major commercial and residential area, featuring high-end residential towers, Grade-A office spaces, and luxury hotels. The area has attracted several celebrities and professionals due to its central location and modern amenities.?
Manjrekar's sale is part of a broader trend of celebrity real estate transactions in Mumbai. In March 2025, cricketer KL Rahul and actor Suniel Shetty jointly acquired a seven-acre land parcel in Owale at Thane West for INR 9.85 crore. Around the same time, cricketer Suryakumar Yadav and his wife, Devisha Yadav, purchased two luxury apartments in Mumbai’s Deonar area for INR 21.1 crore. Additionally, in February, former Indian cricketer Zaheer Khan and his family bought a luxury apartment in Mumbai's Elphinstone Road area for INR 11 crore. Indian cricketer Rohit Sharma also rented out his property in Lower Parel for INR 2.6 lakh per month in February.
These transactions indicate a robust real estate market in Mumbai, with significant investments from major personalities. The sale of Manjrekar's property reflects the ongoing activity in the city's high-end residential segment.?
In related real estate news, Zee Entertainment Enterprises Ltd (ZEEL) sold a property in Hyderabad's upscale Jubilee Hills area for INR 99 crore. The transaction, registered on April 22, 2025, is part of the company's ongoing efforts to monetize non-core assets and strengthen its financial position. The property, with a total built-up area of 28,221 square feet, was acquired by Adman Creatives, a Hyderabad-based limited liability partnership.
These developments underscore the dynamic nature of India's real estate market, with both individuals and corporations actively engaging in property transactions to align with their strategic objectives.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
