Celebrity Couple Zaheer Khan, Sagarika Ghatge Acquire Luxury Apartment in Mumbai for Rs 11 Crore

Celebrity Couple Zaheer Khan, Sagarika Ghatge Acquire Luxury Apartment in Mumbai for Rs 11 Crore

Celebrity Couple Zaheer Khan, Sagarika Ghatge Acquire Luxury Apartment in Mumbai for Rs 11 Crore

In a high-profile transaction that underscores Mumbai’s enduring appeal as a hub for luxury real estate, former cricketer Zaheer Khan, his wife Sagarika Ghatge, and her brother Shivjeet Ghatge have acquired a premium apartment in Lower Parel for Rs 11 crore. The property is part of the upscale Indiabulls Sky development, crafted by Equinox India Developments, and represents one of the most talked-about acquisitions in the city’s competitive market.

The newly registered apartment offers a generous carpet area of 2,158 sq ft (200.47 sq meters) and a built-up area of 2,590 sq ft (240.58 sq meters), ensuring spacious living and contemporary design. Adding to its luxury appeal, the property comes with three dedicated car parking spaces, a highly sought-after feature in Mumbai’s bustling urban environment. The transaction, finalized in February 2025, involved a stamp duty payment of Rs 66 lakh and a registration charge of Rs 30,000, as detailed in the Inspector General of Registration documents.

Market trends in Lower Parel have consistently reflected strong demand for upscale residential properties, with the average resale price in the Indiabulls Sky project currently hovering around Rs 49,096 per sq ft. This acquisition not only emphasizes the premium valuation of properties in this sought-after locality but also highlights the continuing trend of celebrity investments driving market interest in luxury real estate.

Industry experts note that the strategic location of Indiabulls Sky in Lower Parel, coupled with its modern amenities and robust infrastructure, makes it a prime destination for high-net-worth individuals. The development’s reputation for quality construction and sophisticated design has positioned it as one of the top choices for investors looking for both lifestyle and value appreciation in Mumbai.

With this acquisition, Zaheer Khan and Sagarika Ghatge further cement their status as prominent figures in the real estate space, reflecting a growing trend of celebrity endorsements in the high-end property market. As Mumbai continues to attract substantial investments in its luxury segment, transactions like these are set to boost investor confidence and spur further development in the city’s most coveted neighborhoods.

About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.

Summary

Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.

Experience

  • Residential Leasing
  • Commercial Leasing
  • Residential Home Buying
  • Commercial Property Buying
  • Investment Properties with complete Property Management as your Real Estate Family office

While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

  1. Drafting of the Leave and License Agreements
  2. MOU for Buying/Selling Properties
  3. Drafting Agreement for Sale
  4. Gift Deeds
  5. Computing of Capital Gains with current ready reckoner values
  6. Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/