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Bollywood singer Sonu Nigam sold a 2,131-square-foot commercial property in Andheri West for INR 7 crore on June 28, 2024. The deal, priced at INR 32,848 per square foot, was made to two buyers from Delhi and includes two car parking slots. This sale follows his father's INR 12 crore Versova purchase and Nigam's own investment of INR 11.37 crore in Andheri last year. The trend of celebrity investments in Mumbai's real estate market is growing, as seen with high-profile transactions like cricketer Yashasvi Jaiswal's INR 5.38 crore purchase and other notable deals.
Bollywood playback singer Sonu Nigam has sold a commercial property in Mumbai's Andheri West for INR 7 crore. The property, located on Dattaji Salve Marg, spans 2,131 square feet, with a per square foot rate of INR 32,848. The transaction, finalised on June 28, 2024, was made to two buyers from Delhi and includes two car parking slots.
This sale follows a recent luxury property acquisition by Nigam's father, Agam Kumar Nigam, who bought a Versova property for INR 12 crore earlier this year. Sonu Nigam himself had previously invested in commercial real estate; in April last year, he purchased two properties in Andheri covering 5,547 square feet for INR 11.37 crore.
The real estate market has seen significant activity from Bollywood celebrities. Amitabh Bachchan, Kajol, and Ajay Devgn, among others, have invested in commercial spaces, aiming for high rental yields. This trend reflects a broader pattern of celebrities diversifying their investments into real estate.
High-profile transactions in Mumbai include cricketer Yashasvi Jaiswal's purchase of an apartment in the Ten BKC project for INR 5.38 crore in January 2024. In April 2024, Mavjibhai Shamjibhai Patel, promoter of Kiran Gems, acquired an apartment in Oberoi 360 West for INR 97.4 crore. Additionally, Anil Gupta, Chairman & MD of Wellknown Polyesters Ltd, bought two apartments in the Lodha Malabar project for a total of INR 270 crore.
In conclusion, the recent high-value real estate deals by celebrities and business leaders highlight a growing trend in luxury and commercial property investments. This shift highlights the strong demand and interest in Mumbai's real estate market, driven by both prominent figures and substantial business transactions.
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