Mumbai's real estate market continues to attract Bollywood celebrities, with recent transactions highlighting the dynamic investment moves of renowned actress Kajol. The latest reports confirm that Kajol has sold her 762 sq ft apartment in Hiranandani Gardens, Powai, for a sum of ₹3.1 crore.
According to property documents accessed through Zapkey.com, the apartment is situated on the 21st floor of the Atlantis Co-Operative Housing Society Limited in Powai. The sale, registered on March 20, was made to buyers Vrushali Rajnish Rane and Rajnish Vishvnath Rane. The property also includes two stack car parking spaces, enhancing its value in the competitive Mumbai real estate market.
With a per-square-foot rate of approximately ₹40,682 based on RERA carpet area, the transaction reflects the premium pricing in Powai, a location known for its well-developed infrastructure and lifestyle amenities.
While she has divested from her Powai property, Kajol has been actively investing in prime real estate locations across Mumbai:
Kajol’s husband, actor-director-producer Ajay Devgn, has also been active in the real estate space. Last year, he leased out a commercial office space covering 3,455 sq ft for a substantial monthly rent of ₹7 lakh.
Mumbai's real estate remains a preferred investment avenue for Bollywood celebrities due to its high appreciation potential, rental income opportunities, and stability compared to other investment options. With premium locations such as Goregaon, Andheri, and Powai witnessing significant development, star investors like Kajol and Ajay Devgn continue to strategically expand and optimize their property portfolios.
Kajol’s recent transactions exemplify the growing trend among celebrities to leverage Mumbai’s lucrative real estate market, making calculated investments in both residential and commercial properties.
Kajol’s decision to sell her Powai apartment while investing in high-value commercial and residential properties aligns with her evolving investment strategy. Her proactive approach to real estate underscores the importance of location, value appreciation, and strategic asset management in Mumbai’s ever-evolving property landscape.
Stay tuned for further updates on Bollywood real estate investments and trends in Mumbai’s property market!
News Articles
Other Real Estate News Articles