Singer Shaan and Radhika Acquire ₹10 Crore Luxury Bungalow in Pune’s Prabhachiwadi

Bollywood playback singer Shantanu Mukherjee, better known as Shaan, along with his wife Radhika Mukherjee, has recently purchased a luxury bungalow in the Pune locality of Prabhachiwadi for ₹10 crore. This transaction, which was registered in March 2025, was confirmed through property registration documents reviewed by Square Yards. The couple acquired a property that includes both a bungalow and a plot, with the total land area covering approximately 0.4 hectares (around 4,787 square yards). The built-up area of the bungalow itself spans 5,500 square feet (around 511 square meters). The transaction was accompanied by a stamp duty payment of ₹50 lakh and a registration fee of ₹30,000.

Prabhachiwadi, where the couple has made their investment, is located within the Maval taluka of Pune district, Maharashtra. The area, which lies within the Pune Metropolitan Region, is largely rural with expansive open land and is witnessing an increasing trend of residential developments. Its proximity to major transport routes, including the Mumbai-Pune Expressway, enhances its connectivity to Pune city as well as nearby industrial zones, making it an appealing location for real estate investment.

This purchase places Shaan and Radhika among the many celebrities investing in luxury real estate. Bollywood singers, in particular, have been increasingly attracted to the real estate sector, and several have made notable purchases in recent months. For instance, in January 2025, playback singer Jubin Nautiyal bought a 4 BHK apartment for ₹4.94 crore in the Madh Island area of Mumbai. Similarly, Stebin Ben, another Bollywood singer, along with his family, purchased a duplex apartment in Mumbai's Bandra locality for ₹6.67 crore during the same period.

These investments reflect a broader trend of celebrities from the entertainment industry diversifying their portfolios by venturing into the real estate market. Real estate provides a relatively stable and appreciating asset class that complements their earnings from the entertainment industry. This trend is not limited to singers alone, as composers like Anu Malik and music directors like Rahul Vaidya have also made high-value property acquisitions. Earlier this year, Anu Malik and his wife sold two properties in Santacruz West, Mumbai, for ₹14.49 crore. Rahul Vaidya, in 2024, purchased a high-end apartment in Mumbai for ₹9 crore.

Shaan’s latest investment in Pune further exemplifies the growing interest of celebrities in real estate. Not only does it serve as a secure financial move, but it also offers a luxurious lifestyle, which many in the Bollywood industry seek. Pune, known for its educational institutions and developing infrastructure, is gaining popularity as a residential destination for high-net-worth individuals, with increasing demand for luxury properties in areas such as Prabhachiwadi.

In addition to the personal benefits, these purchases are a testament to the ongoing strength of the Indian real estate market, particularly in emerging suburban areas. As more celebrities and professionals look for high-end properties away from the bustle of major metropolitan centers, Pune’s appeal is set to grow. The city's mix of modern amenities, proximity to Mumbai, and relatively more affordable property prices compared to other metros make it an attractive option for luxury homebuyers.

Moreover, real estate experts suggest that the ongoing trend of celebrity investments in residential properties could boost the appeal of Pune as a luxury property hub. The success of these investments, particularly in areas that are just starting to see a rise in development, indicates a shift toward diversifying from traditional urban centers like Mumbai and Delhi to other promising cities in India.

Shaan’s investment in Pune could signal a growing trend of affluent buyers, including celebrities, choosing locations with significant growth potential but less saturated markets. Such decisions reflect confidence in the long-term appreciation of these areas, particularly with ongoing infrastructure improvements in Pune.