In an exciting development in the Mumbai real estate market, Agam Kumar Nigam, father of renowned singer Sonu Nigam, has acquired a prime property in Andheri West for ₹12 crore. The transaction, documented through property registration records, highlights the ongoing interest in Mumbai's high-value real estate sector.
The newly acquired property boasts a built-up area of 2022.88 sq ft, situated in the bustling locality of Andheri West. This area is known for its vibrant lifestyle, excellent connectivity, and proximity to major commercial hubs, making it a sought-after location for both residential and commercial investments.
Key Transaction Details:
- Buyer: Agam Kumar Nigam
- Seller: Earth Worth Constructions Private Limited
- Purchase Price: ₹12 crore
- Stamp Duty Paid: ₹72 lakh
- Property Size: 2022.88 sq ft built-up area
- Registration Date: April 18, 2024
The substantial stamp duty paid further underscores the high value of this transaction, reflecting the premium nature of the property.
This purchase follows a notable acquisition by Sonu Nigam himself in April of the previous year. Sonu Nigam had invested in two commercial properties in Andheri, covering a combined area of 5547 sq ft, for a total of ₹11.37 crore. This strategic investment indicates a continued confidence in the real estate market in Andheri, which remains a hotspot for lucrative property deals.
Details of Sonu Nigam's Previous Purchase:
- Property Type: Commercial
- Combined Area: 5547 sq ft
- Purchase Price: ₹11.37 crore
- Year of Purchase: April 2023
Andheri West remains one of Mumbai’s most dynamic and desirable localities, attracting high-profile buyers and investors. The area offers a mix of residential, commercial, and entertainment options, catering to a diverse demographic. Properties in this region are known for their excellent return on investment, driven by the constant demand from both end-users and investors.
The recent purchase by Agam Kumar Nigam further cements the location's reputation as a prime real estate destination. With Mumbai’s property market showing robust growth and resilience, high-value transactions such as these are expected to continue, reflecting the strong confidence in the market.
The acquisition of this significant property by Agam Kumar Nigam highlights the ongoing trend of high-profile investments in Mumbai's real estate sector. As the city continues to grow and develop, properties in key locations like Andheri West will remain in high demand, promising substantial returns for investors. The Nigam family's investments are a testament to the lucrative opportunities that Mumbai's property market offers.
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