Zaheer Khan, Wife Sagarika Ghatge, and Brother-in- law Purchase Luxury Apartment in Mumbai for Rs. 11 Crore

Former Indian cricketer Zaheer Khan, his wife, actress Sagarika Ghatge, and her brother, Shivjeet Ghatge, have recently acquired a luxury apartment in Lower Parel, Mumbai, for a sum of Rs. 11 crore. According to property registration documents reviewed by Square Yards on the Inspector General of Registration (IGR) Maharashtra website, this transaction was registered in February 2025.

Lower Parel is one of the most sought-after areas in Mumbai, known for its mix of residential and commercial spaces. Located in the heart of the city, it enjoys connectivity to key business districts such as Bandra-Kurla Complex (BKC) and Nariman Point. The locality has attracted a significant number of high-profile buyers in recent years, including Bollywood celebrities like Abhishek Bachchan, Shahid Kapoor, and writer Amish Tripathi, as per Square Yards’ analysis of IGR property registration documents.

The apartment in question is situated within the Indiabulls Sky project, a luxury residential development by Equinox India Developments Limited. The project spans 3 acres and includes a variety of apartments ranging from 3 to 6 bedrooms. It is a ready-to-move-in property, registered under the Real Estate Regulatory Authority (RERA) guidelines. The specific unit purchased by the trio has a carpet area of 2,158 sq. ft. (~200.47 sq. m), and a built-up area of 2,590 sq. ft. (~240.58 sq. m), making it a spacious living option in one of Mumbai's most prestigious locations.

The deal includes three car parking spaces, an essential feature in a city where parking is often at a premium. The transaction also incurred a stamp duty payment of Rs. 66 lakh and a registration fee of Rs. 30,000, as indicated by the property documents reviewed by Square Yards. This reflects the premium nature of the property in Lower Parel and the substantial value attached to real estate in this locality.

Data from Square Yards' Project Data Intelligence shows that Indiabulls Sky has witnessed a total of two transactions between February 2024 and January 2025, amounting to a gross transaction value of Rs. 23 crore. This further underscores the demand for luxury properties in this area, with the average resale price currently standing at Rs. 49,096 per sq. ft. These figures highlight the growing investment potential of Lower Parel, which continues to be a top choice for affluent individuals and investors looking for properties in Mumbai.

Indiabulls Sky is known for its well-planned and luxurious amenities, which include top-notch facilities such as high-speed elevators, a well-equipped gymnasium, landscaped gardens, a swimming pool, and 24/7 security, among others. The project is designed to cater to the needs of high-net-worth individuals who value privacy, comfort, and convenience. Lower Parel itself is also home to several luxury hotels, shopping centers, and entertainment options, contributing to its appeal as a desirable place to live.

The increasing demand for luxury properties in Lower Parel can be attributed to the area's prime location and strong connectivity to other key parts of Mumbai. It is within reach of major commercial hubs, educational institutions, and healthcare facilities, making it an ideal choice for people looking to live in proximity to work, schools, and essential services. As a result, the locality continues to draw buyers from various industries, including entertainment, business, and sports.

As Mumbai's real estate market continues to grow, Lower Parel is poised to remain a key hub for luxury living in the city.