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...
Cricket star KL Rahul and actress Athiya Shetty have made a notable entry into Mumbai's high-end property market with the purchase of a luxury apartment for over INR 20 crore. Located in the prestigious Pali Hill area on Nargis Dutt Road, the apartment spans 3,350 square feet within the Sandhu Palace tower and includes four car parking spaces. This purchase, along with a stamp duty of INR 1.20 crore, underscores the high value of prime real estate in Mumbai. The couple's investment highlights the ongoing trend of celebrities investing in Mumbai's lucrative property market, reflecting its appeal as both a personal and financial asset.
Cricket star KL Rahul and his actress wife Athiya Shetty have made a significant splash in Mumbai's high-end property market, acquiring a luxury apartment for over INR 20 crore. This investment places them among a growing number of celebrities who view Mumbai real estate as a prime investment opportunity. Advertisement
The couple's new home is situated in the prestigious Pali Hill neighborhood of Bandra. Located on Nargis Dutt Road, the apartment offers a spacious 3,350 square feet of living area, ideal for a comfortable and luxurious lifestyle. Pali Hill is renowned for its exclusivity and has long been a magnet for celebrities and high-net-worth individuals seeking a secure and luxurious environment. The property itself is part of the Sandhu Palace tower, developed by Sandhu Builders.
The hefty price tag of over INR 20 crore highlights the high cost of prime real estate in Mumbai. In addition to the purchase price, the couple also paid a stamp duty of INR 1.20 crore, signifying the official registration of the transaction. The apartment boasts the added convenience of four dedicated car parking spaces within the residential complex.
This investment by KL Rahul and Athiya Shetty is another example of the enduring appeal of real estate as a preferred investment option for celebrities. Mumbai's real estate market has a long history of attracting Bollywood stars and sports personalities who recognise the value of property not just for personal use but also as a lucrative long-term investment.
Leading celebrities like Amitabh Bachchan, Shahrukh Khan, Akshay Kumar, and Aishwarya Rai Bachchan have all strategically built impressive real estate portfolios. These industry stalwarts have invested in a variety of properties across Mumbai's most sought-after locations, demonstrating a keen understanding of the market's potential for growth and wealth creation. The trend has continued in recent years with younger celebrities like Ranveer Singh, Hrithik Roshan, and Alia Bhatt also entering the high-end property market, further solidifying its allure.
KL Rahul and Athiya Shetty's investment in Pali Hill is a testament to the enduring allure of Mumbai's luxury real estate market. As the city continues to grow and develop, prime locations like Pali Hill are likely to remain attractive options for celebrities and high-net-worth individuals seeking a luxurious and secure place to call home. This trend is likely to continue, fueled by Mumbai's position as a major financial and entertainment hub, attracting not only celebrities but also business tycoons and entrepreneurs seeking a foothold in this vibrant city.
While the high cost of entry in Mumbai's luxury market may seem daunting, real estate experts generally view it as a sound investment. Property values in prime locations like Pali Hill have historically shown steady growth, offering a hedge against inflation and the potential for significant returns on investment. However, experts also caution that careful market research and professional guidance are crucial for navigating this competitive market and making informed investment decisions.
With India's economic growth projected to continue in the coming years, Mumbai's real estate market is expected to remain a key player. The demand for luxury properties is likely to stay strong, fueled by a growing affluent population and a thriving business environment. KL Rahul and Athiya Shetty's investment serves as a timely reminder of the enduring appeal of Mumbai real estate and the potential it holds for both personal enjoyment and long-term financial gain.
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
