This transaction highlights the ongoing appeal of Mumbai's coastal real estate, particularly in exclusive locations like Madh Island. The purchase by Jubin Nautiyal at Raheja Exotica underscores the growing interest of celebrities in premium sea-facing residences.
Key Highlights of the Deal:
- Buyer: Playback singer Jubin Nautiyal
- Property: 4 BHK sea-facing apartment
- Location: Raheja Exotica, Madh Island, Mumbai
- Size: 1,933 sq. ft. + 200 sq. ft. deck area
- Floor: 34th
- Price: 4.94 crore
- Rate per Sq. Ft.: Rs. 25,578 per sq. ft.
- Car Parking: Three reserved slots
- Stamp Duty Paid: Rs. 29 lakh
- Registration Fee: Rs. 30,000
- Seller: Raheja Universal Pvt Ltd
Madh Island – A Rising Celebrity Hub
Madh Island has long been a preferred residential and holiday destination for Mumbai’s elite. The Raheja Exotica project, where Nautiyal has invested, is known for its luxury apartments, stunning Arabian Sea views, and premium lifestyle amenities. Other notable Bollywood and TV personalities, including Vikrant Massey, Pankaj Tripathi, and Archana Puran Singh, also own homes in this enclave.
Why is Madh Island Gaining Popularity?
- Serene & Exclusive: Unlike the crowded areas of South Mumbai, Madh Island offers tranquility and privacy, making it ideal for celebrities and high-net-worth individuals.
- Proximity to Film & TV Industry: Located near Versova and Andheri, Madh Island is accessible yet secluded, allowing professionals from the entertainment industry to stay connected while enjoying peace.
- Premium Infrastructure & Amenities: Gated luxury communities like Raheja Exotica offer state-of-the-art facilities, landscaped gardens, infinity pools, and beachfront views.
Investment Outlook for Madh Island
Madh Island is seeing increasing interest from both end-users and investors, with property prices reflecting its high-value proposition. With limited supply, waterfront access, and celebrity appeal, real estate in this location is expected to appreciate further.