Director Subhash Ghai and Wife Mukta Sell Andheri West Apartment for Nearly ₹13 Crore

In a significant real estate transaction, Bollywood director Subhash Ghai and his wife Mukta Ghai have sold their luxurious apartment in Andheri West, Mumbai, for ₹12.85 crore. This sale marks a considerable profit, as the couple had purchased the property back in August 2016 for ₹8.72 crore, reflecting an impressive 47% increase in value over the course of approximately seven years.

The apartment is located on the 14th floor of the Rustomjee Elita building, a well-known residential complex in Andheri West, one of Mumbai’s most prestigious areas. The property spans 1,760 sq ft of carpet area and includes two car parking spaces. With Mumbai’s luxury real estate market continuing to boom, the apartment was sold at an impressive rate of approximately ₹72,000 per sq ft, which is well above the average price for the area.

Sale Details and Transaction Information

The transaction was officially registered on January 22, 2025, and the documents show that the buyer, Sameer Gandhi, paid a stamp duty of over ₹77 lakh along with a registration fee of ₹30,000. These details were obtained from property registration documents accessed by Zapkey.com, shedding light on the financial and legal aspects of the deal.

This property sale is a reflection of the increasing value of real estate in the Andheri West area, which is home to numerous Bollywood celebrities and industry professionals. The neighborhood’s prime location, well-developed infrastructure, and access to key entertainment hubs make it an attractive spot for both living and investing. The fact that the apartment was sold for ₹12.85 crore underscores the ongoing demand for high-end properties in such prime locations.

Bollywood Stars on a Property Selling Spree

Subhash Ghai is not the only Bollywood celebrity making real estate moves. In recent weeks, several big names from the film industry have sold their high-value Mumbai properties:

• Amitabh Bachchan: The legendary actor recently sold his luxury duplex apartment in Andheri for a whopping ₹83 crore. This is a 168% appreciation, as he had originally bought it for ₹31 crore in April 2021. The sale marks one of the most profitable celebrity real estate deals in recent times.
• Akshay Kumar: Bollywood’s "Khiladi" recently sold his Borivali East apartment for ₹4.25 crore. He had purchased the property in November 2017 for ₹2.38 crore, making a 78% gain on his investment. The deal was registered on January 21, 2025.

Andheri: A Bollywood Real Estate Hotspot

Andheri is one of Mumbai’s most sought-after residential and commercial areas, especially among Bollywood celebrities, producers, and industry professionals. The locality is strategically located between South and North Mumbai and is surrounded by prominent neighborhoods like Lokhandwala, Juhu, and Bandra.

According to local real estate brokers, property prices in Andheri generally range above ₹50,000 per sq ft, while premium buildings developed by well-known builders often fetch more than ₹65,000 per sq ft. The fact that Subhash Ghai’s apartment sold for ₹72,000 per sq ft indicates the rising demand for high-end residences in this area.

Why Are Bollywood Celebrities Selling Their Properties?

While it is common for celebrities to invest in multiple real estate properties, the recent trend of high-profile sales raises some interesting questions. Experts believe that some stars might be restructuring their investment portfolios, cashing in on Mumbai’s rising real estate prices, or shifting their investments to other locations.

This flurry of property transactions also reflects the overall boom in Mumbai’s luxury real estate market, where demand for premium homes in prime locations remains strong. Whether this trend will continue remains to be seen, but for now, Bollywood’s real estate game is making headlines.