Subhash Ghai Sells Mumbai Apartment for ₹12.85 Crore

 

Bollywood filmmaker Subhash Ghai and his wife, Mukta Ghai, have made headlines with their recent real estate transaction. The couple sold their luxurious apartment in Andheri West, Mumbai, for an impressive ₹12.85 crore. This sale marks a significant profit for the Ghais, who originally purchased the property in 2016. The transaction reflects the ongoing demand for high-end real estate in Mumbai, particularly in areas favored by the film industry.

Details of the Apartment Sale

The apartment, measuring 1,760 square feet, is located in the upscale Rustomjee Elita building. It features two designated parking spaces, adding to its appeal. According to documents obtained from Zapkey.com, the sale was finalized on January 22, 2025, at a remarkable rate of ₹72,000 per square foot. This price is indicative of the premium real estate market in Mumbai, especially in sought-after neighborhoods like Andheri West.

Subhash Ghai purchased the apartment in August 2016 for ₹8.72 crore. Over the course of eight years, the property has appreciated significantly, yielding a substantial profit for the couple. The sale was registered with a stamp duty payment of ₹77 lakh and a registration fee of ₹30,000. The buyer, Sameer Gandhi, has acquired a prime piece of real estate in one of Mumbai’s most desirable locales, further emphasizing the area’s attractiveness to affluent buyers.

Market Trends in Andheri West

Andheri West is a thriving real estate hub in Mumbai, surrounded by popular neighborhoods such as Lokhandwala, Juhu, and Bandra. The area is known for its vibrant atmosphere and is home to numerous Bollywood celebrities. This makes it a highly sought-after location for real estate investments. Local brokers report that properties in Andheri often command prices exceeding ₹50,000 per square foot, with premium developments reaching upwards of ₹65,000 per square foot.

The sale price achieved by Ghai aligns with these market trends, highlighting the sustained demand for luxury homes in the area. The real estate market in Andheri West continues to flourish, driven by its proximity to entertainment hubs and a growing population of affluent residents. As more high-profile transactions occur, the area’s reputation as a prime real estate destination is further solidified.

Bollywood’s Real Estate Landscape

Subhash Ghai is not alone in making waves in the real estate market. Other Bollywood celebrities have also been involved in lucrative property transactions. For instance, Amitabh Bachchan recently sold a luxury duplex in Andheri for ₹83 crore, realizing a staggering 168% profit within just four years of purchase. Similarly, Akshay Kumar has been active in the suburban property market, further showcasing the lucrative potential of Mumbai’s real estate landscape.

These high-profile deals underscore the growing interest in luxury properties among Bollywood stars. The film fraternity’s preference for upscale neighborhoods has contributed to rising property values in these areas. As more celebrities invest in real estate, the trend is likely to continue, attracting attention from both buyers and investors.

 


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