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.