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Bollywood Filmmaker Subhash Ghai Sells Two Mumbai Apartments for ₹11.61 Crore: Key Insights for Real Estate Investors

Renowned Bollywood filmmaker Subhash Ghai has made headlines in the real estate sector by selling two prime apartments in Mumbai for a total of ₹11.61 crore. This move highlights the lucrative nature of real estate investments, particularly in Mumbai’s thriving property market.

The Details of the Sale

According to property registration documents accessed by Square Yards, the transactions took place on March 7, 2025. The two housing units, located in Splender Complex Co-op Housing Society Ltd in Jogeshwari, Mumbai, were registered under Mukta Tele Arts Private Limited.

Each apartment was sold for ₹5.80 crore, featuring a carpet area of 889 sq. ft (~82.59 sq. m) and a built-up area of 99.14 sq. m (~1,067 sq. ft). The transactions attracted a stamp duty of ₹34.83 lakh and a registration fee of ₹30,000 each.

Why Jogeshwari?

Jogeshwari, a sought-after location in Mumbai’s western suburbs, offers seamless connectivity to major commercial and entertainment hubs. With excellent access via the Western Express Highway, Jogeshwari-Vikhroli Link Road (JVLR), and multiple railway stations, the area is an attractive destination for investors and homebuyers alike.

Developed by Oberoi Realty, the Splender Complex Co-op Housing Society Ltd boasts premium residential amenities, adding to the appeal of these high-value transactions.

Ghai’s Real Estate Moves

Subhash Ghai has been actively reshuffling his real estate portfolio. In February 2025, he and his wife, Mukta Ghai, acquired a luxury apartment in Bandra West for ₹24 crore. This property, situated in the prestigious 81 Aureate by MJ Shah Group, spans 4.48 acres and features opulent 4 BHK residences.

Additionally, the couple had recently sold another Mumbai property in Andheri for ₹12.85 crore, further demonstrating their strategic approach to real estate investment.

Key Takeaways for Real Estate Investors

As celebrities leverage Mumbai’s dynamic real estate market, potential investors can learn valuable lessons from these transactions. Here are crucial factors to consider before making a property investment:

1. Location Matters

Investing in prime locations with excellent connectivity and infrastructure ensures high appreciation potential. Areas like Jogeshwari, Bandra West, and Andheri continue to attract buyers due to their strategic positioning.

2. Tax Implications

Understanding tax liabilities is crucial. Investors should be aware of:

  • GST: 5% GST is applicable on under-construction properties.
  • Stamp Duty & Registration Charges: These additional costs impact overall investment expenses.
  • Capital Gains Tax:
    • Properties held for over 24 months are subject to long-term capital gains (LTCG) tax at 12.5% (without indexation) or 20% (with indexation benefits for properties acquired before July 23, 2024).

3. Recurring Costs

Beyond the purchase price, investors must factor in ongoing expenses such as:

  • Property tax
  • Maintenance charges
  • Rental income tax (if applicable)
  • Club memberships and other community fees

4. Long-Term Financial Planning

To maximize returns, thorough financial planning is essential. Investors should evaluate cash flow, potential rental yield, and future appreciation trends before finalizing a deal.

Final Thoughts

Subhash Ghai’s recent property transactions underscore Mumbai’s ever-growing real estate opportunities. As the market evolves, investors should conduct due diligence, assess financial goals, and stay updated on tax regulations to ensure profitable investments. Whether buying or selling, strategic planning and expert advice can make all the difference in capitalizing on Mumbai’s booming real estate sector.

Posted by houzyy news desk on April 4, 2025

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