Madhu Mantena’s Company Acquires Multiple Apartments Totalling Rs. 25.75 Crore in Mumbai
Madhu Mantena, a well-known film producer in the Indian cinema industry, has recently made a significant investment in Mumbai's real estate market. Documents reviewed by Square Yards confirm that Mantena, who has produced successful films like Ghajini and Queen, has acquired three luxury apartments in the premium Juhu locality of Mumbai. The collective value of these properties stands at Rs. 25.75 crore and has been registered under the name of his company, Big Bang Mediaverse Private Limited.
Madhu Mantena, an acclaimed Indian film producer and entrepreneur, has made significant contributions to Hindi, Telugu, and Bengali cinema. His productions include Ghajini (2008), an iconic Hindi film that earned an IIFA nomination; Queen (2015), a critically acclaimed movie that won the Best Feature Film award at the 62nd National Film Awards and Filmfare; and Masaan and Wrong Side Raju, both of which won accolades at the National Film Awards in 2015 and 2016, respectively.
Real Estate Acquisition in Juhu
Juhu, an upscale neighborhood in Mumbai, has long been a favored destination for celebrities and high-net-worth individuals. Known for its prime location, Juhu offers excellent connectivity to key areas such as Andheri and Bandra. The locality is well-served by public infrastructure and is in close proximity to leisure, entertainment, and cultural venues, which enhances its desirability among affluent buyers.
The properties acquired by Madhu Mantena are located in the Jeevan Estates Co-operative Housing Society Ltd, a prominent building in Juhu. According to Square Yards, the three apartments acquired by Mantena differ in size, price, and features, but all fall within the luxury segment of the market.
Details of the Acquisitions
- First Apartment: The largest of the acquisitions spans approximately 1,550 square feet (~144 square meters). It was purchased for Rs. 10.95 crore, including stamp duty fees of Rs. 65.7 lakh. This apartment represents a significant investment in a sought-after area of Mumbai.
- Second Apartment: The second property is a 1,250-square-foot (~116.13 square meters) apartment, acquired for Rs. 8.8 crore. The stamp duty fees for this apartment were Rs. 52.8 lakh.
- Third Apartment: The smallest apartment, with an area of 851 square feet (~79.06 square meters), was purchased for Rs. 6 crore, and the stamp duty amounted to Rs. 36 lakh.
Each of these properties was registered in December 2024, with the registration charges for each apartment being Rs. 30,000. The acquisition reflects Madhu Mantena’s strategic interest in real estate, adding another dimension to his entrepreneurial pursuits outside the film industry.
Juhu: A Prime Location for Real Estate Investments
Juhu, where the apartments are located, continues to be one of the most desirable neighborhoods for both residential and commercial purposes in Mumbai. The area’s strategic location near the western coastline, combined with its proximity to key transportation hubs, makes it an attractive proposition for high-net-worth individuals and investors.
The neighborhood’s value has been consistently rising due to ongoing infrastructure development, including improved roads, public transport links, and recreational facilities. This has led to Juhu being home to many prominent figures from the entertainment industry, business, and politics, further adding to its prestige.
The presence of several high-end restaurants, hotels, shopping malls, and cultural centers further bolsters the appeal of Juhu, making it an ideal location for luxury real estate investments.
The Real Estate Trend in Mumbai
Mumbai’s real estate market has always been a hotspot for luxury buyers, particularly in areas like Juhu, Bandra, and South Mumbai. The demand for high-end properties remains robust despite fluctuations in the economy, driven by the city’s status as a financial and entertainment capital. With the growing trend of wealth accumulation and a shift towards real estate as a safe investment, the market continues to see significant transactions.
Madhu Mantena’s recent acquisition adds to a growing trend among industry leaders, entrepreneurs, and celebrities who are expanding their portfolios into real estate. By choosing Juhu, a location synonymous with luxury and exclusivity, Mantena’s investment is in line with the rising demand for upscale properties that offer both lifestyle benefits and financial value.
