Bollywood actor Salman Khan has sold his apartment in the upscale locality of Bandra West, Mumbai, for ₹5.35 crore, according to publicly available documents from the Maharashtra Inspector General of Registration (IGR) database. The deal was first reported by Square Yards, a proptech firm that accessed the official registration documents.
The transaction involves 122.45 sq. m. (approx. 1,318 sq. ft.) apartment in Shiv Asthan Heights, a residential tower located on 16th Road, Bandra West. According to records, the sale includes three dedicated car parking spaces, which significantly add to the property’s value in the high-density neighbourhood. The registration took place on July 15, 2025, and included a stamp duty payment of ₹32.01 lakh along with registration charges of ₹30,000.
This transaction comes more than two years after Khan leased the same apartment in February 2023. At the time, he had entered into a 36-month lease agreement with Rajesh Harishchandra Gandhi for a monthly rent of ₹1.5 lakh. The lease stipulated an escalation clause, raising the rent to ₹1.57 lakh in the second year and ₹1.65 lakh in the third year.
Bandra West has long been one of Mumbai’s most coveted real estate destinations, especially for high-profile buyers, business leaders, and celebrities. The locality offers a mix of luxury high-rises, heritage homes, and boutique commercial outlets. It is known for its premium property values and proximity to critical infrastructure such as the Bandra-Worli Sea Link, Bandra Kurla Complex (BKC), Chhatrapati Shivaji Maharaj International Airport, and upcoming metro connectivity.
Khan has been a long-time resident of Bandra, with his family continuing to live in Galaxy Apartments on Bandstand, a location that has become synonymous with the actor’s public image. Following a shooting incident outside Galaxy Apartments eight months ago, the actor undertook a series of security upgrades at the premises. These included reinforced gates, CCTV surveillance, and private security deployment.
Apart from his residential real estate engagements, Salman Khan has also been active in Mumbai’s commercial leasing market. One of the largest celebrity-linked rental deals of 2023 involved Khan leasing out 23,042 sq. ft. of retail space in Santacruz to Landcraft Retail Pvt. Ltd. for a reported monthly rental of ₹90 lakh. The three-year lease fetched Khan an annual rent of ₹12 crore, and the security deposit paid by the tenant was ₹5.4 crore, according to documents accessed by Propstack, another real estate analytics firm.
Data from Square Yards and other real estate consultancies suggests that the average capital value in Bandra West ranges between ₹60,000 and ₹1.20 lakh per sq. ft., depending on the exact location, amenities, and age of construction. Shiv Asthan Heights, being a modern tower with parking and security, falls on the higher end of this spectrum. The per square foot valuation of Khan’s recently sold apartment works out to around ₹40,600 per sq. ft., which may indicate a slightly discounted sale, possibly due to the tenant-occupied status or other undisclosed reasons.
In recent years, several Bollywood celebrities have opted to monetize their non-primary real estate holdings either through rental income or asset sales, especially in prime Mumbai localities. The rationale varies—from portfolio restructuring and lifestyle changes to reinvestment into commercial ventures or philanthropy.
The Mumbai property market has shown resilience in 2024–25, with Bandra West remaining a stable micro-market for luxury residential deals. Despite concerns of oversupply in some peripheral zones, core areas like Bandra, Juhu, and Worli continue to attract high-value transactions. According to the latest Knight Frank India report, luxury residential sales in Mumbai rose 9% in H1 2025, supported by robust demand from NRIs and domestic HNIs.
Square Yards notes that Bandra’s micro-market is especially popular among celebrities due to its balance of privacy, accessibility, and a vibrant social ecosystem. The presence of premium schools, hospitals, and leisure infrastructure further elevates the location’s desirability.
Salman Khan’s real estate dealings continue to attract public attention, not only because of his high-profile status but also due to the scale and diversity of his portfolio—ranging from residential apartments and commercial retail spaces in Mumbai to reported holdings in Panvel.
Whether this property sale indicates a broader shift in Khan’s real estate strategy or is an isolated transaction remains unclear. However, the move highlights the continued liquidity and demand for well-located assets in Mumbai’s elite neighbourhoods, particularly when associated with celebrity ownership.
