Mumbai | July 12, 2026: Bollywood superstar Salman Khan has sold a residential apartment in Mumbai’s prestigious Bandra West locality for ₹3.50 crore, according to property registration documents accessed by CRE Matrix. The transaction once again highlights the sustained demand for premium residential properties in one of Mumbai’s most sought-after micro-markets.
The apartment, located in Shiv-Asthan Heights, has a carpet area of 758 sq ft and includes two dedicated car parking spaces. Official records show that the property was originally purchased by Salman Khan in 2015 for ₹2.88 crore, resulting in a capital appreciation of approximately ₹62 lakh over the holding period.
Property Transaction Registered on July 9:
The sale deed was officially registered on July 9, 2026. As per registration documents, the buyers paid a stamp duty of ₹21 lakh along with a registration fee of ₹30,000. Based on the carpet area, the transaction values the property at approximately ₹46,000 per sq ft, reflecting the premium commanded by residential developments in Bandra West.
Bandra West Continues to Command Premium Prices:
Bandra West has consistently remained one of Mumbai’s most desirable residential destinations. Excellent connectivity, world-class social infrastructure, premium lifestyle offerings, and its long-standing association with Bollywood celebrities continue to make the locality a preferred address for homebuyers and investors alike.
Micro-markets such as Pali Hill, Bandstand, and Carter Road have witnessed sustained demand from high-net-worth individuals, business leaders, and film personalities, contributing to the area’s resilient property values.
The locality is home to several prominent personalities, including Shah Rukh Khan, Aamir Khan, Javed Akhtar, Shabana Azmi, Rekha, and Sanjay Dutt, further enhancing its prestige and desirability.
Salman Khan’s Strong Connection with Bandra:
Salman Khan has been closely associated with Bandra for decades and continues to reside with his family at the iconic Galaxy Apartments on Bandstand. Recently, the Khan family also received regulatory approvals for the redevelopment of their sea-facing property in Bandra West, reaffirming their long-term association with the neighbourhood.
Market Perspective:
Industry experts believe that transactions involving celebrity-owned properties continue to draw significant attention to Mumbai’s luxury residential market. While celebrity ownership may enhance a property’s visibility, the primary drivers of Bandra West’s real estate values remain its strategic location, limited supply, superior infrastructure, and consistently strong buyer demand.
The latest transaction further reinforces Bandra West’s position as one of India’s most premium residential destinations, where well-located homes continue to command strong valuations despite changing market dynamics.
Source: Property registration documents accessed by CRE Matrix.
