Varun Dhawan & Wife Natasha Dhawan Acquires ₹44 Crore Apartment in Juhu’s Under Construction Project

Bollywood actor Varun Dhawan and his wife Natasha Dhawan have recently acquired a luxury apartment in Mumbai's upscale Juhu locality for ₹44.52 crore, as per property registration documents accessed by IndexTap. The apartment is located in Twenty, an under-construction residential project, with a projected completion date of May 31, 2025, according to the Maharashtra Real Estate Regulatory Authority (MahaRERA).

This spacious apartment spans 5,112 square feet of RERA carpet area and includes four designated car parking spaces. At the time of registration, the price per square foot for the apartment was over ₹87,000. The building is being developed by D'Decor Exports Private Limited, a prominent company known for its work in the real estate sector.

Juhu is one of Mumbai’s most sought-after residential areas, known for its luxurious properties and proximity to the coast. Several Bollywood celebrities, including Amitabh Bachchan, Akshay Kumar, and Dharmendra, own properties in Juhu. In recent years, Juhu and Bandra have become hubs for Bollywood stars looking to invest in prime real estate. These areas feature a variety of properties, from sea-facing apartments to sprawling bungalows, often fetching prices between ₹60,000 and ₹1.30 lakh per square foot.

The Dhawans’ latest property purchase highlights the continuing trend of Bollywood stars making significant investments in Mumbai’s luxury real estate market. In addition to personal residences, many celebrities are investing in high-end properties for both investment purposes and lifestyle choices. This trend is particularly prominent in areas like Juhu, where exclusive apartments and properties offer a unique blend of privacy, luxury, and connectivity to the city’s central business districts.

A Thriving Real Estate Market in Mumbai

According to data  from the Inspector General of Registration and Controller of Stamps of Maharashtra, the Mumbai real estate market has been witnessing consistent activity, with the city seeing 1,41,202 property registrations in 2024. This marks an 11% increase from the previous year, with 1,26,937 properties registered in 2023. Local brokers indicate that areas like Juhu and Bandra continue to be prime locations for high-net-worth individuals looking to buy or rent luxury homes.

In addition to residential properties, Mumbai’s real estate market is also seeing significant interest in commercial properties, with many high-profile individuals and companies keen to invest in office spaces and retail developments. This is partly due to Mumbai's status as the financial capital of India, offering both potential capital appreciation and rental yields.

Celebrity Investments: A Growing Trend in Mumbai

Varun Dhawan’s acquisition of a luxury apartment in Juhu is part of a larger pattern where Bollywood celebrities have shown increasing interest in luxury real estate. The popularity of areas such as Juhu and Bandra is primarily driven by their proximity to the sea, central business districts, and entertainment hubs, as well as their status as symbols of affluence. With growing interest in such locations, it is not surprising that properties in these areas command premium prices.

Stars such as Shah Rukh Khan, Salman Khan, and Aamir Khan, who reside in Bandra, have long been associated with luxury homes in Mumbai, and the Dhawans' move further reflects this trend. Additionally, Mumbai's commercial real estate market has seen similar trends, with a surge in demand for premium office spaces, making it a multifaceted real estate hub catering to both personal and business needs.

Mumbai’s real estate sector is expected to continue growing as demand for high-end properties remains strong. Factors like location, amenities, and developer reputation are key determinants for high-net-worth individuals, and projects like Twenty are likely to see further success. With areas like Juhu offering a blend of luxury and convenience, the residential market in Mumbai remains a hotspot for celebrity investments.

In addition to luxury homes, Mumbai’s real estate developers are diversifying their offerings to cater to emerging market segments. There is an increased focus on sustainable and high-quality living spaces, while commercial developments continue to be a priority as the city’s business ecosystem expands.

As the city continues to evolve, the appetite for luxury properties in Mumbai shows no signs of slowing down. With celebrities like Varun Dhawan and Natasha Dhawan contributing to the sector's growth, Mumbai remains one of the most lucrative real estate markets in the country, attracting investors from all walks of life.