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Zaheer Khan, accompanied by his wife Sagarika Ghatge and her brother Shivjeet Ghatge, recently bought an apartment in Lower Parel, Mumbai, for INR 11 crore. The spacious apartment, located in Indiabulls Sky, offers 2,158 sq ft of carpet area and 2,590 sq ft of built-up space. The deal involved a stamp duty of INR 66 lakh and a registration fee of INR 30,000. The transaction was completed in February 2025. The current average resale price in the project stands at INR 49,096 per sq ft.
Zaheer Khan, along with his wife, Sagarika Ghatge, and her brother, Shivjeet Ghatge, recently acquired a luxurious apartment in Lower Parel, Mumbai, for INR 11 crore. The property, located in the renowned Indiabulls Sky, was developed by Equinox India Developments. The apartment itself covers a carpet area of 2,158 sq ft (200.47 sq meters) and a built-up area of 2,590 sq ft (240.58 sq meters). It also comes with three designated car parking spaces. This premium property is situated in one of Mumbai's most sought-after locations. Advertisement
Lower Parel has long been a hub for high-end residential developments, attracting a growing number of affluent buyers over the past decade. The area has seen a surge in luxury projects, with developers focusing on modern amenities and expansive living spaces. Notably, the average price per square foot in Lower Parel crossed INR 40,000 a few years ago, and recent figures show that it has consistently surpassed INR 50,000 per square foot in select luxury projects like Indiabulls Sky.
This acquisition is in line with the trend of high-profile investments in Mumbai's real estate market. In fact, data from Square Yards reveals that the average resale price in the Indiabulls Sky project now stands at INR 49,096 per sq ft, reflecting a steady rise from INR 45,000 per sq ft just a year ago. The overall luxury property market in Mumbai has seen strong growth in recent years, with areas like Lower Parel continuing to perform well despite broader market fluctuations. This trend is driven not just by local investors but also by international buyers who are attracted to Mumbai's status as a global financial and cultural hub.
The deal involved a stamp duty payment of INR 66 lakh and a registration fee of INR 30,000. The transaction was officially registered in February 2025. Interestingly, luxury property deals in this price range have continued to grow in frequency, as seen in similar transactions earlier this year. High-profile individuals, including business tycoons, actors, and sports personalities, have been increasingly investing in premium residential properties in Mumbai's top locations, further driving up the demand.
For those interested in similar investments, the rising prices in Lower Parel and its neighbouring areas suggest that properties in this segment continue to offer good value and long-term potential for resale, as luxury real estate remains a secure investment class in Mumbai's evolving property market.
Zaheer Khan's real estate acquisition reinforces the ongoing demand for premium properties in Lower Parel, Mumbai. With prices steadily rising over the past few years, the area remains an attractive option for affluent buyers and investors. The consistent growth in property values, particularly in developments like Indiabulls Sky, suggests a positive outlook for Mumbai's luxury real estate market. As the city continues to establish itself as a key destination for high-net-worth individuals, projects in such prestigious locations are likely to remain highly sought after in the coming years.
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